


401 N Western AvenueChicago, IL 60612
Commercial · 274,550 Sq. ft.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.
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
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
401 N Western Avenue Market Data
Based on the last 30 days in this zip code
401 N Western Avenue History
| Date | Value | Agent |
|---|---|---|
| 11/29/2025Source: MRED | Active |
|
| 11/24/2025Source: MRED | November 24, 2025 |




















