Listing provided courtesy of Strauss Realty LtdMREDas Distributed by MLSGrid- MLS# 12523103MLS Provider

401 N Western AvenueChicago, IL 60612

Commercial · 274,550 Sq. ft.
$14,000,000 Active

401 N Western Avenue Overview

Time on Site:
217 days
Visits:
10

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.

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401 N Western Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 274,550
  • Price/Sq.ft. $51

Details

General

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1915

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Town

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Operating Stops, Tax Stops

Tax Information

  • Tax Annual Amount: $135,161.00
  • Tax Year: 2023

General Information

  • Parcel Number: 17071320010000
  • Possible Use: Industrial,Office
  • Property Type: Commercial Sale
  • Zoning: PMD

Interior

Building Interior

  • Building Area Total: 274550

General Information

  • Cooling: Office Only
  • Electric: Other
  • Leasable Area: 151800
  • Stories: 6

Unit Information

  • Unit SqFt.: 151800

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0
  • Lot Size Dimensions: 299x250x318x251
  • Lot Size Square Feet: 78523

401 N Western Avenue Neighborhood

Community

60612 (Chicago) Demographics

34
Median Age
8,600
Population Density (per sq. mile)
45%
College Educated
$44,538
Estimated Median Income
3,770
Estimated Total Home Owners
9,430
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

401 N Western Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

401 N Western Avenue Market Data

Based on the last 30 days in this zip code

$595,193
Average List Price
$390
Average Price per Square Foot
18
Properties Sold
93
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

401 N Western Avenue History

Date Event Value Agent
11/29/2025Source: MRED Status Change
Active
11/24/2025Source: MRED Added to Database
November 24, 2025