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0 Beds
274,550 sqft

$14,000,000

401 N Western Avenue, Chicago IL, 60612

Price per sqft$50.99
Built in1915
Property size274,550 sqft
Property typeCommercial
Listed by Adam Schneiderman with Strauss Realty Ltd 773-736-3600

Overview

Active

Listed Nov 24, 2025

Updated May 29

FOR SALE OR LEASE - 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.

Additional information

MLS® ID
12523103

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
1.8 Acres

Other Property Details

Taxes
$135,161
Tax Frequency
Annually
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Listed by Adam Schneiderman with Strauss Realty Ltd 773-736-3600

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Second City Agents are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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