313 W Chestnut St - Warehouse FOR SALE


Chicago, IL 60610
$3,415,500 USD
312-981-2384
313 W Chestnut St, Chicago, IL for Sale
$3,415,500 USD
Warehouse - FOR SALE
1/15
null | Request Cap Rate

313 W Chestnut St
Chicago, IL 60610


HIGHLIGHTS

  • Zoned C1-3 Neighborhood Commercial District, which allows for a variety of uses
  • Dense, Affluent Downtown Chicago Demographics
  • Median household income of $116,000 (1-mile radius) exceeds state and Chicago median income levels
  • CTA Brown and Purple Line Station
  • Premier Urban Infill Location in River North/Old Town
  • ±0.4 miles from $1.7 billion Bally's casino development (Chicago & Halsted)

OVERVIEW

The subject property is located at 313 West Chestnut Street, Chicago, IL 60610 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this flex industrial building - re-development opportunity. This is an urban industrial building located in Chicago’s dense River North/Oldtown neighborhood. Featuring a 2-story building, ±13,750 SF GLA, and ±5,660 SF site. The subject property is zoned M1-3, 1000 to 1500 volts of power, 20' ceiling-first floor, rubber roof, two internal parking spaces, and is situated in a mixed commercial and residential city setting. 313 West Chestnut Street is situated between Chicago's vibrant Old Town neighborhood and River North Gallery District and is adjacent to the new North Union mega-development by JDL Development. When completed, the North Union Development will span 8.2 acres and consist of 2.9 million square feet of new construction, 2,656 new residential units, and 2.5 acres of public open space (MBRE). The property presents the unique opportunity to acquire a stand-alone industrial building in the River North/Old Town neighborhood.

FOR SALE DETAILS

PRICE

$3,415,500 USD

PRICE/SF

$248 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Bar, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1871

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C1-3

APN/PARCEL ID

17-04-443-022-0000

ASK ABOUT THIS PROPERTY

Wesley JonBergBaird & WarnerMore Info
312-981-2384

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Wesley JonBergBaird & WarnerMore Info
312-981-2384

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