1674-1680 N Ada St
1674-1680 N Ada | For Lease or For Sale
Marketing description
Baum Realty has been exclusively retained to market for sale 1674 N. Ada Street (the “Property”), a two-story building totally approximately 14,748 SF on a 11,558 SF land site. Located on the west side of N. Ada Street within the Elston Corridor, the Property boasts a location adjacent to the dynamic and evolving Lincoln Yards development. Situated just off the Kennedy Expressway and Class II Truck Routes along N. Elston Avenue and W. North Avenue. The property provides immediate access to the Clybourn Metra Rail Stop and W. North Avenue bus stops.
The Property welcomes buyers to be a part of the fast-growing Elston Corridor, as the North Branch development boom continues to gain momentum. Zoning precedent paves the path to a ground-up development of the site. With M3-3 Zoning as-of-right, the site can provide more traditional heavy manufacturing uses such as metal work, recycling, contractor storage, and auto use. The Property falls within built-in City of Chicago incentive and development programs such as the Cortland and Chicago River TIF District, Enterprise Zone 4, Elston Industrial Corridor, Equitable Transit-Oriented Development, and Connected Communities Ordinance.
Investment highlights
- Income producing asset with vacancy
- Extremely functional single user or multi-tenant flex / industrial spaces
- Ideal for owner / user or investment
- Optionality with warehouse / office layouts
- Off street parking
- Steps to Lincoln Yards proposed development
- 0.45 miles to Clybourn Metra station
- Direct access to Class II Truck Route on W. North Avenue
- ±14,748 SF two-story flex / industrial building in the Elston Corridor
- Flexible layouts for single or multi-tenant use M3-3 zoning allows for manufacturing, auto, contractor, and more
- Development potential supported by zoning precedent
- Located within multiple incentive zones including TIF and Enterprise Zone 4
- Immediate access to Kennedy Expressway and Class II truck routes
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