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Warehouse/Flex or Redevelopment opportunity 2950-2958 Leavitt st 13,059 SF Industrial Building Chicago, IL 60618 $1,890,000 ($144.73/SF)
Investment Highlights
- Ideal User Investor warehouse Opportunity OR Residential Redevelopment (4 City Lots Totaling 11,931 SF) w Multi- Story Residential Across the street!
- 100% Air Conditioned space & Heavy Power (1,800 amps 240 volt 3-phase power)
- 4 city lots totaling 95.45’ x 125’ (In Chicago’s Thriving West Lakeview Neighborhood)
- 13,059 SF industrial/flex building w/ Approximately 15% office including second floor office space (Former Ultra Metric Tool Plant)
- Functional space distribution: 85% warehouse, 15% office space
- Excellent Visibility Located at the corner of Leavitt St, Wellington Ave & Clybourn Ave.
Executive Summary
• Ideal User Investor warehouse Opportunity OR Residential Redevelopment (4 City Lots Totaling 11,931 SF) with Multi- Story Residential adjacent & Across street
• 13,059 SF industrial/flex building w/ Approximately 15% office including second floor office space (Former Ultra Metric Tool Plant)
• 11,931 SF (0.27 acre) land site
• 4 city lots totaling 95.45’ x 125’
• Located at the corner of Leavitt St, Wellington Ave & Clybourn Ave.
• In Chicago’s Thriving West Lakeview Neighborhood
• Building is 100% AC
• LED lighting throughout first floor
• 1,800 amps 240 volt 3-phase power
• 12 car parking
• 12’ x 12’ overhead door
• 14’ clear in warehouse
• 2023 real estate taxes payable in 2024: $36,618.12 ($2.80 per SF)
• Zoned M1-2: Limited Manufacturing/Business Park District. The primary purpose of the M1, Limited Manufacturing/Business Park district is to accommodate low-impact manufacturing, wholesaling, warehousing and distribution activities that occur within enclosed buildings.
Reduced Asking Price: $1,890,000
• 13,059 SF industrial/flex building w/ Approximately 15% office including second floor office space (Former Ultra Metric Tool Plant)
• 11,931 SF (0.27 acre) land site
• 4 city lots totaling 95.45’ x 125’
• Located at the corner of Leavitt St, Wellington Ave & Clybourn Ave.
• In Chicago’s Thriving West Lakeview Neighborhood
• Building is 100% AC
• LED lighting throughout first floor
• 1,800 amps 240 volt 3-phase power
• 12 car parking
• 12’ x 12’ overhead door
• 14’ clear in warehouse
• 2023 real estate taxes payable in 2024: $36,618.12 ($2.80 per SF)
• Zoned M1-2: Limited Manufacturing/Business Park District. The primary purpose of the M1, Limited Manufacturing/Business Park district is to accommodate low-impact manufacturing, wholesaling, warehousing and distribution activities that occur within enclosed buildings.
Reduced Asking Price: $1,890,000
Property Facts
Amenities
- Front Loading
- Mezzanine
- Signage
- Monument Signage
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Numbers | Improvements Assessment | $124,422 | |
| Land Assessment | $74,568 | Total Assessment | $198,990 |
Property Taxes
Parcel Numbers
Land Assessment
$74,568
Improvements Assessment
$124,422
Total Assessment
$198,990
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Warehouse/Flex or Redevelopment opportunity | 2950-2958 Leavitt st
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