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526 N Western Ave

Favorable C1-2 Zoned West Town Flex Warehouse/Office Space on Western Avenue

Listing Contacts

Active

Asking Price: $1,650,000
Address 

526 N Western Ave, Chicago, IL 60612

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Date Added
Jan 21, 2025
Days on Market
90 days
Time Since Last Update
6 days

Details

Property TypeHospitality, Industrial, Land, Office, Special Purpose
SubtypeDistribution, Manufacturing, Warehouse
ClassB
Square Footage10,500
Net Rentable (sq ft)10,500
Pro-Forma Cap Rate11.52%
Pro-Forma NOI$190,000
Units1
Year Built1921
Year Renovated2024
Buildings1
Stories2
ZoningC1-2
Lot Size (acres)0.19
Broker Co-OpYes
APN16-12-218-014-0000
Loading Docks1
Ceiling Height11'
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Marketing Description

Renovated and re-imagined in 2023, 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.​

Matterport link: https://my.​matterport.​com/show/?m=3n7bc9eF1rd

Investment Highlights

  • Pedestrian-oriented area with consistent foot traffic.

  • Favorable C1-2 zoning allowing for Mixed Used development, restaurants and other multiple commercial uses

  • High-traffic zone perfect for business exposure.

  • Commuter-friendly with rail access less than one mile away.

  • Prime West Town location with high visibility on Western Avenue.

  • Conveniently located just two blocks from the Metra stop at Hubbard and Western.

  • Versatile layout featuring ground-floor commercial space and a spacious upstairs residential unit.

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts


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Additional Information
Broker Name
Tim Lorimer
Broker License
IL 475.175866
Brokerage Name
Compass
Broker Title
Real Estate Broker
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