401 N Leavitt St - Manufacturing FOR SALE


Chicago, IL 60612
$2,500,000 USD
312-766-4291
401 N Leavitt St, Chicago, IL for Sale
$2,500,000 USD
Manufacturing - FOR SALE
1/18
null | Request Cap Rate

401 N Leavitt St
Chicago, IL 60612


HIGHLIGHTS

  • Functional industrial / warehouse building one 1+ acre lot
  • secluded location with street and easement setbacks on three sides of prop
  • 2 Exterior Trailer-high docks; 1 Internal double wide depressed dock
  • Warehouse, Light Manufacturing, Distribution, Production
  • Pricing near land value within the neighborhood
  • Easily demised to allow for 4-5 multi-tenant spaces on 1st & 2-3 spaces on 2nd floor

OVERVIEW

Welcome to 401 N. Leavitt Street, an impressive Industrial/Warehouse spanning 39,000 Sq. Ft., accompanied by a spacious 12,000 Sq. Ft. surface parking lot. This architectural piece of history is divided into two levels, with the first floor comprised of 27,000 Sq. Ft. and the second floor offering 12,300 Sq. Ft. of space. The first floor features a 9,000 Sq. Ft. barrel-truss building, with soaring lofted ceilings and windows on both the northern and southern facades. With its own dedicated entrance, this floor is designed for convenience and accessibility. Adding to its allure, an exterior, trailer-high dock complements the layout seamlessly. Adjacent to this, a 10,800 Sq. Ft warehouse/production expanse takes center stage. With ceiling heights varying from 9 to 15 feet, it caters to versatile requirements. It too has a dedicated entrance, along with a receiving-shipping area conveniently positioned within. Adding to its utility is a unique double-wide depressed loading dock, easily accessible from the interior, and providing direct connection to the freight elevator. Completing this level is a 7,200 Sq. Ft. office to the west. Thoughtfully designed spaces such as offices, a break-room, and ample storage, it ensure a conducive environment. A dedicated entrance adds an element of exclusivity to this section. Venturing to the second floor unveils 12,300 Sq. Ft. of timber-infused, lofted space. Showcasing clear heights ranging from 13 to 15 feet, it is surrounded by windows on all four sides. The panoramic vistas encompass downtown panoramas and the picturesque Kinzie Corridor. Moreover, this floor offers two access points to the roof, opening the doors to panoramic city views and the potential for a private roof-deck retreat. An internal double-wide depressed loading dock resides within, while two exterior trailer-high loading docks flank the eastern side. The latter even facilitates direct access into the freight elevator, enhancing logistical ease. Imagined for a plethora of purposes, this property suits industrial, light manufacturing, warehouse, distribution, production, and contractor/service needs. Notably, if a partial space is desired for owner-user scenarios, effortless demarcation options exist. This enables the creation of 4-5 income-generating spaces on the first floor, and 1-3 spaces on the second floor, promising utmost versatility.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

UTILITIES

Gas - Natural, Sewer - City, Heating - Gas

CLEAR CEILING HT

18 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.9

LAND SF

39,204

ZONING

PMD 4A

APN/PARCEL ID

17-07-135-020-0000

ASK ABOUT THIS PROPERTY

Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

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Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

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