401 N Western Avenue, Chicago, IL, 60612

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$14,000,000
New Listing

401 N Western Avenue
Chicago, IL 60612

For Sale|Industrial|Active
0
Beds
0
Total Baths
274,550
SqFt
$51
/SqFt
1915
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Strauss Realty Ltd
Call Now: 877 582 4399
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877 582 4399
401 N Western Avenue401 N Western Avenue401 N Western Avenue401 N Western Avenue
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FOR SALE OR LEASE - Strauss Realty proudly presents The West Hub @ 401-435 N. Western Ave, the largest redevelopment opportunity west of Ogden! This expansive 274,550 SF concrete and timber loft complex spans 1.803 acres with an additional 0.3-acre surface lot and consists of TWO interconnected buildings featuring rich industrial character, flexible layouts, and significant infrastructure. The property offers 7,000 SF to 151,800 SF available for lease, including a first-floor 18,295 SF warehouse and 10,470 SF office offered as-is at $8 PSF MG, with floors 2 through 6 available as-is at $5 PSF MG. Generous building features include a large courtyard parking area, fourteen exterior truck-level docks, heavy floor loads up to 200 lbs per SF, 10'-14' ceiling heights, three freight elevators, one passenger elevator, and full sprinkler coverage throughout. Ideally located in the rapidly expanding Kinzie Corridor just outside Chicago's CBD, the property provides direct access to the Western Metra Station and five major bus routes, along with exceptional visibility-34,400 vehicles per day on Western Ave, 18,400 on Grand Ave, and exposure to approximately 89,500 daily Metra commuters. The East Building offers six stories with approximately 14,360 SF floor plates along W. Hubbard Street, while the West Building delivers maximum prominence with 300 feet of frontage on N. Western Avenue and 250 feet of southern frontage along the elevated rail line, featuring floor plates around 32,500 SF. Located within Enterprise Zone 4, the Kinzie Industrial TIF District, and eligible for Chicago PACE financing, the site benefits from powerful redevelopment incentives and zoning that supports a wide range of industrial, office, and flex uses.

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Listing Snapshot
Price 
$14,000,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
274,550 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1915
MLS® Number 
12523103
Status 
Active
Property Tax 
$135,161
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
an hour agoListing updated with changes from the MLS®
2 hours agoListing first seen on site
General Features
Additional Property Use 
IndustrialOffice
Number Of Stories 
6
Property Sub Type 
Industrial
SqFt Total 
274550
Zoning 
PMD
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Community Features
MLS Area 
CHI - West Town
Listing Courtesy of MRED as distributed by MLS Grid of Strauss Realty Ltd

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Based on information submitted to the MLS GRID as of 2025-11-24 06:49 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-11-24 06:49 PM UTC
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