2525 S Wabash Ave - Industrial FOR SALE


Chicago, IL 60616
$2,000,000 USD
312-319-1168
2525 S Wabash Ave, Chicago, IL for Sale
$2,000,000 USD
Industrial - FOR SALE
1/22
null | Request Cap Rate

2525 S Wabash Ave
Chicago, IL 60616


OVERVIEW

Located in the convenient South Loop community near Motor Row District, do not miss the opportunity to purchase this ~15,000 sq ft warehouse space. With immediate access to U.S. Route 41 (Lakeshore Drive) and Interstates 90/94, 290 and 55, and proximity to the loop, this is a perfect location for your business. Zoned as M1-3, this warehouse building features private offices, a conference space, and shared common kitchen and bathroom areas. Tenants are responsible for all utilities except water/trash. Currently, 3 offices and ~5000 sqft of warehouse are rented through 2037, with ~8100 sqft of warehouse and 4 office spaces available to utilize for your business (available to lease at $20/Sf/Y). Three 12' doors for loading are available for loading into the warehouse spaces, accessed by a private driveway and a rear courtyard loading area. Ceiling height through warehouse varies from 12'-14'. Multiple potential uses for this space include storage for furniture / carpet, contractor supplies and office space, auto storage, mechanic / auto body repair work. Highly efficient commercial wood burning furnace heats the entire building. See floorplan in photos for building layout.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Distribution, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1918

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38

LAND SF

16,553

ZONING

M1-3, Chicago

APN/PARCEL ID

17-27-123-010-0000

ASK ABOUT THIS PROPERTY

Steve KehoeCompassMore Info
312-319-1168

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Steve KehoeCompassMore Info
312-319-1168

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