The West Hub 401-435 N Western Ave 274,550 SF 45% Leased Industrial Building Chicago, IL 60612 $14,000,000 ($50.99/SF)

Sale price subject to offer. Largest Redevelopment Opportunity West of Ogden!!!
Strauss Realty proudly presents The West Hub @ 401-435 N. Western Ave, a substantial 274,500 Sq. Ft. concrete and timber loft building situated on 1.803 acres with an additional 0.3 acre surface lot. This exclusive listing offers a remarkable redevelopment opportunity just outside the Central Business District, comprising two interconnected buildings with distinctive features.
The East Building, with a prime location on W. Hubbard St. boasts six stories, with floor plates of approx. 14,360 Sq.Ft
The West Building provides maximum exposure with 300' of frontage along N. Western Ave and 250' of southern frontage along the elevated Metra Rail (with exposure to 89,500 Average Daily Commuters). Floor plates of approx. 32,500 Sq. Ft.
The West Hub is strategically positioned in the Kinzie Corridor, one of Chicago's fastest-emerging neighborhoods. Its proximity to public transit, access to major highways, and convenience to amenities make it an attractive location. Within a 2-mile radius, it connects to densely populated neighborhoods of West Town, West Loop, Illinois Medical District, and more, ensuring a strong workforce.
Features of The West Hub include a large courtyard parking lot (plus additional surface lot), 14 exterior truck level docks, heavy floor loads up to 200 lbs per sq. ft., 10'-14' floor-to-ceiling heights, fully sprinklered, 3 freight elevators and 1 passenger elevator.
In terms of value-add, The West Hub presents opportunities such as replacement costs, flexible footprints for future tenancy, option for a rooftop deck with unobstructed skyline views, and favorable redevelopment incentives (Enterprise Zone 4, Chicago PACE program, Kinzie Industrial TIF). The location qualifies for Transit Oriented Development (Close proximity to Western Ave Metra Station and Western Ave Bus Corridor Stop). The underutilized FAR/buildable area permits 1+ additional floor, and the zoning allows for a range of uses, including flex, industrial, and office.
The location is within a 10 minute commute of various incubation and lab facilities, major highways, downtown Chicago, IL medical district, and other top neighborhoods. You will have exposure to Western Metra Station commuters, as well as the exposure to 34,400 vehicles per day along Western Avenue and 18,400 vehicles per day along Grand Avenue. The West Hub stands as a prime asset with exceptional potential in the vibrant Chicago real estate landscape.