401 N Leavitt St 39,000 SF 100% Leased Industrial Building Chicago, IL 60612 $2,500,000 ($64.10/SF)

An adaptive reuse & redevelopment opportunity of scale, size and style like no other in the neighborhood. This 39,300 Sq. Ft., brick and timber building rests on a 39,000 Sq. Ft. corner lot with setbacks on three of the four sides of the property. Situated in the heart of the Kinzie Corridor, the property is conveniently located ¼ mile from Damen and Western Ave corridors; less than ½ mile from the new CTA Damen-Lake Green Line station; and a mile from Fulton Market, West Loop, interstate access and much more.
The first floor of the building consists of subdivided sections while maintaining a cohesive flow. The main warehouse/production space shares frontage and independent entrances off N Leavitt with office space. Each section wraps around to meet back at the centrally located shopping/receiving area off the interior loading dock. This leads into the impressive, north to south positioned, column free, high clear barrel truss portion of the building. The eastern portion of the building overlooks the 11,861 Sq. Ft. of surface lot area, providing ample parking potential, direct access to one exterior loading dock, as well as circulation for the interior, double-wide, recessed loading dock accessed from the private drive off W Kinzie St. Street accessible stairs, as well as the freight elevator with street-load accessibility provide access to the 12,300 Sq. Ft. of infinite potential on the second floor. 13’-15’ clear heights, unencumbered views of the city, generous column spacing and a centrally positioned core make the area perfect for repositioning to loft-office use.

Adding to its infinite potential, the property benefits from 145’ of wallscape exposure at eye level for Metra rail and its four lines transporting 89,500 daily commuters. 60 enclosed glass-block window frames wrap all four sides of the building, prime for installation of new windows welcoming natural light into the building and individual spaces as well as providing unencumbered 3600 views of the city. With asking rates more than doubling in the past 5 years; limited new supply for more than 10 years; vacancy at single digits; and strong support from the city promoting business, access and modernization for the neighborhood; West Town & Kinzie Corridor has quickly become one of the most desired neighborhoods in Chicago for residents, businesses, and real estate investment alike. At the heart, 401 N Leavitt St offers an opportunity like no other.