www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32470851
32470852

1648 West Kinzie Street, Chicago, IL 60622

AL
IL 475130926
SVN | Chicago Commercial
SM
IL 471005379
SVN | Chicago Commercial
PC
IL 475130924
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
Unpriced
27 days on market
Updated 27 days ago

Kinzie Corridor Redevelopment Near Fulton Market

Details
APN 17-07-240-033 & 035-0000
Property Type Industrial
Sub Type Storage, Redevelopment
Square Footage 30,000
Broker Co-Op True
Stories 3
Lot Size (SqFt) 12,721
Zoning PMD-4
Ground Lease No
Ceiling Height 11

Kinzie Corridor Redevelopment Near Fulton Market

Marketing description

Property Description

1648 West Kinzie Street presents a rare opportunity to acquire a 30,000 SF redevelopment asset in Chicago’s highly sought-after Kinzie Corridor. Positioned at the intersection of the rapidly expanding Fulton Market district and the transformative West Side growth corridor, the property offers investors, developers, and owner-users the chance to reposition a substantial urban industrial building in one of the city’s most dynamic locations.

The existing improvements feature a highly functional layout with three (3) drive-in doors, high-bay crane space, direct street access, and 22'+ clear ceiling heights. Constructed with a combination of brick & timber, concrete & steel, the building offers authentic industrial character paired with robust structural integrity. Additional features include a decommissioned freight elevator, skyline views, and the potential to create a large rooftop deck with panoramic 360-degree views of Chicago’s skyline, creating compelling adaptive reuse possibilities for creative office, showroom, entertainment, residential loft, or mixed-use concepts.

Strategically located within Enterprise Zone 4, the property may benefit from valuable development incentives while also offering exceptional visibility along the Metra rail corridor with signage exposure to 90,000+ daily riders. Accessibility is unmatched, with immediate connections to I-90/94, I-290, and the Ashland CTA Station all within approximately one mile.

The surrounding area continues to experience extraordinary momentum fueled by the success of Fulton Market, home to global corporate headquarters, premier dining, entertainment, luxury residential development, and emerging high-end retail. Additionally, the nearby $7 billion “1901 Project” surrounding the United Center is set to reshape Chicago’s West Side with approximately 55 acres of mixed-use development, further accelerating demand and long-term value for well-located assets such as 1648 West Kinzie Street.

Location Description

The Kinzie Corridor has emerged as one of Chicago’s most sought-after urban sub-markets, anchored by the rapid growth of Fulton Market and the broader West Loop technology and innovation district. Once an industrial warehouse corridor, the area has undergone a dramatic transformation into a hub for creative office, technology companies, hospitality, and high-end residential development.

Global companies, including Google, McDonald’s, and numerous tech and media firms, have helped solidify the corridor’s reputation as a premier destination for modern office space and experiential retail. The area’s adaptive reuse of historic brick-and-timber buildings, combined with new Class A developments, has created a unique environment that blends character, walkability, and urban energy.

Strategically located just west of Chicago’s central business district, the Kinzie Corridor benefits from exceptional connectivity via the CTA Green and Pink Lines, nearby Metra stations at Ogilvie Transportation Center, and quick access to Interstate 90/94. The neighborhood is surrounded by a rapidly growing residential population and a thriving dining and entertainment scene that draws visitors from across the city.

For investors and users alike, the Kinzie Corridor represents a high-growth urban sub-market where strong tenant demand, continued development momentum, and proximity to major employment hubs support long-term value and investment potential.

Investment highlights

  • 30,000 SF Kinzie Corridor redevelopment opportunity.
  • The property features three (3) drive-in doors, skyline views, potential for large rooftop deck with 360-degree views, one (1) freight elevator (decommissioned), and brick & timber and concrete and steel construction.
  • High-bay, crane building consists of direct street access and +22’ ceiling height.
  • Located in Enterprise Zone 4 and along the Metra tracks, offering excellent signage potential to +90,000 daily riders.
  • Direct Interstate Access to I-90/94 & I-290 within 1-mile and easily accessible to the Ashland CTA Station.
  • Conveniently located to benefit from the high demand and continued development of Fulton Market, which features high-profile headquarters, luxury residential development, best-in-class dining and entertainment and the emergence of luxury brand shopping.
  • In the immediate vicinity of "The 1901 Project" which will transform Chicago's West Side with a $7 billion investment and ~55-acres of mixed-use development surrounding the United Center.

Listing Contacts

AL
IL 475130926
SVN | Chicago Commercial
SM
IL 471005379
SVN | Chicago Commercial
PC
IL 475130924
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591