Price Reduced Listing
526 N Western Avenue,Chicago, IL 60612
Chicago, IL 60612
Description
Renovated and re-imagined in 2024, this 10,500-square-foot brick and heavy timber flex building offers a modernized and adaptable space in one of Chicago's most vibrant neighborhoods. Positioned along the bustling and highly visible Western Avenue corridor at the nexus of West Town and the Kinzie Corridor, the property combines historic character with contemporary enhancements, creating an exceptional opportunity for owner-users or investors. The ground floor features 8,220 square feet of open warehouse space, boasting one drive-in-door: 11'2"H x 9'W, 75 feet of prime street frontage, and an abundance of natural light-perfect for seamless operations and a variety of commercial uses. Recently renovated, the second floor spans approximately 2,280 square feet and offers a blank canvas for customization, ideal for private offices or creative workspaces. With C1-2 zoning in place, the property offers significant redevelopment potential, including up to eight residential units with ground-floor commercial space. Updated in 2023 with a new TPO roof, tuckpointing, HVAC and distribution, second floor cosmetic upgrades. Situated along a major transit corridor and just steps from the Western Metra Station, the site qualifies for Transit Oriented Development (TOD), adding to its flexibility and broad appeal. Additionally, 526 N. Western Avenue offers seamless connectivity with its strategic location near downtown, major highways, and public transit options. Surrounded by thriving developments and featuring a versatile layout, this property presents a rare opportunity-whether you're looking to establish a headquarters, expand your portfolio, or pursue a transformative redevelopment project.
Details
| MLS # | 12268293 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 143 |
| Listing Provided By | Compass | Tim Lorimer |
Features
| SQ Feet | 10,500 |
|---|---|
| Story(s) | 2 |
| Units | 1 |
| Zoning | INDUS |
Interior
| Cooling | Central Air, Exhaust Fan |
|---|
Exterior
| Roof | Membrane, Rubber |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Wood |
Taxes
| Property | 39116 |
|---|
Market Activity 60612
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60612 |
| Area | CHI West Town |
| Listing VS Median (in 60612) | |
Price: $1,550,000 low | high Med: $190,000 SqFt: 10,500 low | high Med: 1,766 $ / SqFt: $148 low | high Med: $113 On site: 143 low | high Med: 14.000000 | |