630-430-4300
220 N Laflin St, Chicago, IL for Sale
Light Manufacturing - FOR SALE
1/19
null | Request Cap Rate

220 N Laflin St
Chicago, IL 60607


OVERVIEW

Fantastic single-story, flex/industrial investment building for sale in amazing west Fulton Market location! Building has had extensive tenant build-out on top of base building. Newly constructed front office with high bay ceilings, skylight, drive-in door, exterior lighting, split-system air conditioner and new restroom. Warehouse is fully sandblasted and air conditioned with two new 7.5 ton RTU’s plus a triple-catch basin and new restroom. Warehouse/Barrel-Truss roof is 7.5 years into 20-year warranty and has had trusses reinforced with new tie rods. Front office roof is 6 years into 10-year warranty. Zoning: PMD-4B. 2023 Taxes: $57,441. Building is fully leased to national tenant Braun Intertec Corporation, a leading Minneapolis based, employee -owned engineering consulting firm specializing in geotechnical engineering, environmental consulting, and testing. The company has grown to over 1,000 employee-owners and has 35 offices in seven different states. The company serves over 12 different markets providing a variety of services including drilling, geospatial operations, building sciences and has been named one of ENR's Top 500 Design Firms the past five years in a row and an ENR Top 200 Environmental Firm in 2022 and 2023. Can't beat this West Fulton Market location, this property is a commuters dream! Located right off the Green/Pink L line, the building is just a two-minute walk to the Ashland station and a 15 minute walk west to new Damen/Lake station or east to Morgan station. It is just steps from the Ashland CTA bus line and a quick drive to both the 90/94 and 290 expressways. The West Loop and Fulton Market are well known for showcasing the best of the best within the exciting Chicago culinary scene and 220 N Laflin is located mere steps from everything these two neighborhoods have to offer, including Michelin Star restaurants Ever, Smyth, and Elske, all three of which are within walking distance. Restaurant Row on Randolph is also nearby featuring popular restaurants Au Cheval, The Publican, and Girl & The Goat. In addition to its eclectic food and drink scene, the Fulton Market/West Loop area boasts numerous luxury hotels including The Hoxton, Soho House, Nobu, and The Emily. It has also become a major hub for technology companies to plant their flag, attracting the like of Google (Midwest HQ), McDonald's (Global HQ), John Deere, and Dyson.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1934

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19

LAND SF

8,176

ZONING

PMD-4

APN/PARCEL ID

17-08-316-013-0000

ASK ABOUT THIS PROPERTY

Steve HorvathCRE Advising LLCMore Info
630-430-4300

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Steve HorvathCRE Advising LLCMore Info
630-430-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.