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456 N Leavitt St 4,326 SF Industrial Building Chicago, IL 60612 $1,300,000 ($300.51/SF)
Investment Highlights
- Rare adaptive re-use potential for residential on 2nd floor - permitted with Zoning Compliance Letter
- New Windows 2023
- Second Floor: 2,063 sf - Creative live/work loft space – existing office space with Heat & A/C
- Meticulously maintained: Exposed brick & timber aesthetic
- First Floor: 2,263 sf -Efficient single-bay warehouse - column free, clear-span
- Less than 10 Minute walk to Western Ave Metra Rail Stop; Steps to Leavitt / Grand Bus Routes
Executive Summary
Baum Realty Group, LLC has been exclusively retained to market for sale 456 N. Leavitt Street (the "Property"), a rare live / work opportunity in PMD4A zoned Kinzie Corridor, one of Chicago's most dynamic commercial corridors. The Property comprises existing two-story masonry, hardwood, and concrete structures totaling approximately 4,326 square feet situated on a 2,263 square foot site situated just south of the highly active W. Grand Avenue corridor.
This offering presents a compelling opportunity for investors and owner-users alike. The Property versatile configuration accommodates single tenant flex users seeking immediate occupancy, with up to 14’ clear heights, heavy power capability, and permitted live / work second floor loft space.
Nestled in the heart of Kinzie Corridor, the Property benefits from exceptional transit connectivity – steps to Leavitt / Grand Bus Stops and less than a 10-minute walk to Western Avenue Metra Rail Stop with access to Milwaukee District North Line & West Line & North Central Service. The site also benefits from city, state, and federal incentive programs such as SBIF District and Enterprise Zone 4.
This offering presents a compelling opportunity for investors and owner-users alike. The Property versatile configuration accommodates single tenant flex users seeking immediate occupancy, with up to 14’ clear heights, heavy power capability, and permitted live / work second floor loft space.
Nestled in the heart of Kinzie Corridor, the Property benefits from exceptional transit connectivity – steps to Leavitt / Grand Bus Stops and less than a 10-minute walk to Western Avenue Metra Rail Stop with access to Milwaukee District North Line & West Line & North Central Service. The site also benefits from city, state, and federal incentive programs such as SBIF District and Enterprise Zone 4.
Property Facts
| Price | $1,300,000 | Rentable Building Area | 4,326 SF |
| Price Per SF | $300.51 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1889 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 13’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.05 AC | ||
| Zoning | PMD-4 | ||
| Price | $1,300,000 |
| Price Per SF | $300.51 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.05 AC |
| Rentable Building Area | 4,326 SF |
| No. Stories | 2 |
| Year Built | 1889 |
| Tenancy | Single |
| Clear Ceiling Height | 13’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | PMD-4 |
Amenities
- Floor Drains
Utilities
- Heating - Gas
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-07-129-016-0000 | Improvements Assessment | $61,859 |
| Land Assessment | $16,859 | Total Assessment | $78,718 |
Property Taxes
Parcel Number
17-07-129-016-0000
Land Assessment
$16,859
Improvements Assessment
$61,859
Total Assessment
$78,718
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456 N Leavitt St
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