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27895133
27895142

2054 W Grand Avenue, Chicago, IL 60612

KB
IL 475161626
Compass
Listed by Compass
$3,249,000
221 days on market
Updated 10 days ago

2054 W Grand Avenue

Details
APN 17071240170000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,363
Units 3
Year Built 2013
Buildings 1
Stories 3
Lot Size (SqFt) 6,912
Zoning COMMR
Parking Spaces 6 spaces
Parking Per SqFt 0.64

One of a Kind Live Work Space with Infinite Possibilities

Marketing description

Welcome to 2054-2058 W Grand Ave in the heart of West Town. This exceptional live / work space was designed by renowned Chicago architects UrbanLab and has been featured in Dwell magazine. The property spans 3 prime Chicago lots (2 PINS), with the main building being constructed of prefabricated concrete wall panels. The prefab concrete offers structure and insulation while providing a simple, clean and sustainable design. Built in 2013 as an FDA-approved food production facility with a ground floor storefront and restaurant for street visibility and a large area with 24' ceiling height for processing and warehousing. The first floor has ample floor drains and polished concrete floors, providing endless possibilities for food and beverage production, a luxurious garage, furniture design or art fabrication / display to name a few ideas. It also features 3 different commercial kitchen prep spaces with multiple exhaust hoods, ADA required bathrooms, a staff / break room, 2 mechanical rooms, 800 AMP electrical service, and a staging area with overhead doors for shipping & receiving. The building design does allow for all of the rooms to be cleared, leaving only 2 centrally located columns, should that be of interest to the next occupant. The second floor has an office space with a conference room and two private offices as well as a few mechanical rooms and additional warehousing / processing space, which can be accessed through a safety gate from the first floor with a forklift. The top floor is a gorgeous 2 bedroom, 2 bathroom apartment with floor to ceiling windows, sleek finishes, and a massive roof deck with unobstructed views of the Chicago skyline. Expertly appointed with high end appliances like a Wolf range, Bosch refrigerator and dishwasher, Duravit sinks and toilets and Axor fixtures. The primary bathroom also features a steam shower and an oversized bathtub set in a quartz and tile surround. There's a formal living room, dining room / flex space and a private roof deck, which is accessible from all of the main spaces in the home. Each level of the building is accessible via a Schindler hydraulic passenger elevator with separate keyed access for floors 2 & 3 and 2 stairwells. The two adjacent properties to the east (2050 and 2048 W Grand Ave) include a simple frame two unit dwelling and a vacant lot that's currently used as an urban garden. These can be included as part of the package for an additional $1,000,000.00. These parcels protect your view but could be repurposed to expand the footprint of the existing commercial or residential space. There's parking here for over 6 cars, 3 Forced air RTUs with AC and 2 water heaters for the building (one for the first floor, the other for the third floor) all 12 years old. There is a Generac natural gas-powered generator that supports a mixture of breakers on floors 1-3, but not the entire building. The first floor has 10+ ceiling-integrated speakers with 4+ zones that have wall-mounted volume controls. The building has new electronic access alarm system with remote access and indoor / outdoor camera surveillance system with remote access (both installed Jan 2025). 3 of 5 exterior doors have electric strike system and Cat-5 wiring throughout most areas of all floors. Some or all of the restaurant fixtures /equipment could be included or excluded based on buyer's preference. Seller plans to leave the majority of restaurant equipment, including the range. The exhaust hoods will remain with the building. There is an 8' hood in the main retail / kitchen area and approx. an 18' hood and make up air hood in the rear kitchen. Many more thoughtful details that make this an exceptional property to both work and live!

Investment highlights

  • FDA Approved Food Facility with Office + 2 Bedroom/ 2 Bathroom Residence

  • There is a new (Jan 2025) indoor / outdoor camera surveillance system with remote access.

  • There is a new (Jan 2025) electronic access / control / alarm system with remote access.

  • 3 of the 5 exterior passenger doors are currently set up with electric strikes / access. The retail glass door has an electric strike, but it is not set up.

  • The rear overhead door has an aftermarket wireless remote that operates the interior electric controls. More information on the system can be provided if requested.

  • There is a Schindler hydraulic passenger elevator that services all floors and has separate keyed access for floors 2 & 3.



  • Interior windows in the second floor office have laminated glass for soundproofing.

  • Building wired Cat-5 wiring throughout most areas of all floors.

  • Some or all of the restaurant fixtures /equipment could be included or excluded based on buyer's preference.

  • The exhaust hoods will remain with the building no matter what.

    • There is an 8' hood in the main retail / kitchen area and approx. an 18' hood and make up air hood in the rear kitchen.

    • All fire extinguishers and hood systems are included and current on certification. There are 800 amps of electrical service to the building.

  • There is a below-floor grease trap in the dish room.

  • All lighting upgraded to LED in 2024.

  • There are 4 doorbells with intercoms installed, but currently disconnected.

    • Two serving the third floor, one serving the second floor and one serving the first floor (rear).

  • The third floor has the tubing and utilities in place for the radiant floor heating system, but the boiler and controls required were not installed during construction. They could easily be added today.

  • Third floor residential unit countertops are quartz, plumbing fixtures by Antonio Citterio for Axor.

  • Sinks are Duravit, toilets are Starck for Duravit, sink & bath plumbing fixtures are Ronan + Erwan Bouroullec for Axor. Americh oversized bathtub is set in a quartz and tile surround.

  • 36" gas Wolf range with 4 burners, infrared griddle and convection oven, Bosch dishwasher and refrigerator (side by side with ice/water dispenser),

  • LG stacking washer / dryer (located in closet inside door to primary bedroom suite).

  • There are 4 ceiling-integrated speakers and 2 exterior mounted speakers that lead to a stereo in the primary bedroom closet, and that have wall mounted volume controls between the kitchen / second bathroom that could remain.

  • Uncovered parking available in the lot behind the building for 4-6 cars as currently configured. One interior / unofficial garage space. More could be added.

  • The architect, engineer and GC for this building are all still in business and full drawings / files should be available to the buyer.

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Listing Contacts

KB
IL 475161626
Compass
Listed by Compass

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Additional Information

Name
Kat Barry
License
475161626
Brokerage Phone
4127352852
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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