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526 N. Western Ave. West Town

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526 N. Western Ave. West Town 526 N. WESTERN AVE. WEST TOWN Zach Pruitt | Managing Principal Nicholas Schaefer | Vice President Will Thurman | Associate 312.766.4289 312.766.4285 404-697-0678 [email protected] [email protected] [email protected] 2 2 3 OFFERING SUMMARY 526 N. WESTERN AVE. Situated along highly trafficked Western Avenue, this 10,500 square foot brick and heavy timber flex warehouse is the complete owner/user building on the edge of West Town and the Kinzie Corridor neighborhood. The ground floor consists of 8,220 square feet of warehouse with a drive-in-door and is highlighted by the 75’ of frontage and natural light along Western Ave. The second floor consists of approximately 2,280 square feet with 3 private offices, a reception area, and conference room. 522 N . Western Ave could also be repositioned for a mixed- use development similar to the neighboring properties to the South & North. The existing C1-2 zoning allows up to 8 residential units with ground floor commercial “as of right” and with the site being along Western Ave bus corridor and near the Western Metra Station, any redevelopment could also qualify for a Transit Oriented Development (TOD). 526 N. Western Avenue’s proximity to downtown, highway access, main thoroughfares, public transportation, coupled with the C1-2 zoning allowing a vast array of uses, make this a perfect owner/user building or redevelopment project. 4 5 4 5 PROPERTY OVERVIEW 526 N. WESTERN AVE. Asking Price $1,250,000 Total Land Area 8,220 Sq. Ft. Total Building Area Approx 10,500 Sq. Ft Year Built 1921 Construction Brick & Heavy Timber Stories 1.5 Zoning/FAR C1-2 / 2.20 Ward 26; Ald. Roberto Maldonado 6 7 6 7 BUILDING SPECIFICATIONS 526 N. WESTERN AVE. Address 526 N Western Avenue, Chicago, IL 60612 PIN 16-12-218-014-0000 Total Land Area 8,220 Sq. Ft. Lot Dimensions 75’ x 109.6’ Frontage 75’ Along Western Avenue Approx. 10,500 Sq. Ft Total Building Area Ground Floor: 8,220 Sq. Ft: Warehouse Second Floor: 2,280 Sq. Ft: Office Year Built 1921 Construction Brick & Heavy Timber Loading One (1) Drive-in-Door: 11’2” H x 9’ W Power 800 amps / 240 Volts / 3 Phase Warehouse Clear Height 10’ underside of support beams Warehouse Ceiling Height 10’9” – 12’9” floor to ceiling Office Ceiling Height 9’ – 10’ Two (2) 20-ton RTUs Mechanicals Boiler (40 yrs old) Roof Age 15-20 years old 2019 Taxes $10,045.62 ($0.96/Sq. Ft.) Property Tax Class 5-93: Industrial Building Ward 26; Ald. Roberto Maldonado Zoning C1-2 FAR 2.20 Yes TOD Eligibility Western Ave Bus Corridor Western Ave Metra Station Community Area West Town Neighborhood Smith Park 9 8 9 8 PROPERTY SURVEY N. NORTWESTERN AVE. W. GRAND AVE. 10 11 11 10 GROUND FLOOR 12 13 12 13 SECOND FLOOR 14 15 THE HEART OF THE KINZIE CORRIDOR class III truck route W GRAND AVE N WESTERN AVE W HUBBARD ST N DAMEN AVE ASHLAND AVE W KINZIE ST class III truck route N OGDEN AVE class III truck route class II truck route W LAKE ST class II truck route UNIONUnion PARK Park Western & Grand Bus Stop (49, X49) 275' Western Avenue Metra Station 0.3 miles Grand & Western Bus Stop (65) 350' Damen & Lake Green Line Station 1.0 miles Chicago & Western Bus Stop (66) 0.3 miles Western Ave Blue Line Station 1.1 miles Smith Park Divvy Station 0.2 miles I-290 1.1 miles Artesian & Hubbard Divvy Station 0.3 miles I-90/94 1.8 miles 16 17 CHICAGO | 770 N Halsted Street, Suite 206, Chicago, IL HEADQUARTERS | One Lincoln Centre, Suite 120, Oakbrook Terrace, IL Zach Pruitt | Managing Principal Nicholas Schaefer | Vice President Will Thurman | Associate 312.766.4289 312.766.4285 404-697-0678 [email protected] [email protected] [email protected] 18.
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