Industrial / Redevelopment Opportunity

Industrial / Redevelopment Opportunity

Industrial / Redevelopment Opportunity
Chicago, IL
Minimum Bid $2,950,000
Previously $5,100,000
August 11
Auction Date
In Contract

Property Highlights

Building Type
Industrial Warehouse
Zoning Type
M-3 (Industrial)
Location
South Wabash Ave, Chicago, IL
Parking Spaces
40 car parking
Features
4 stories, loft offices for multiple tenants, 1 dock, 4 drive-in doors, 1 passenger elevator, 1 freight elevator
Inspection Dates
By appointment only at 10:30am on
June 29, July 12 & 20
Email [email protected] to RSVP

How to Participate

  1. Download Brochure Click Here
  2. Review Due Diligence Click Here
    Click above and submit completed form to receive email access to the Due Diligence Information, which includes floor plans, phase I, survey, title report, rent roll, leases and more.
  3. Tour Property
    By appointment only at 10:30am on June 22 & 29, July 12 & 20. Email [email protected] to RSVP.
  4. Submit Bid by Deadline: Wednesday, August 11 at 2pm CDT
    You must submit a written bid by the bid deadline. Instructions are included in the Due Diligence Information.

Ideally located minutes from downtown at I-90-94-55 and Lake Shore Drive. One block away is the City Council proposed $30 million Esports arena (called “Surge”) featuring an IMAX style video canvass to create a unique viewing experience for up to 800 spectators.

 

The former Mercy Hospital 50 acre development site, owned by the City of Chicago, is four blocks away. The site has received Chicago Plan Commission approval for a $3.8 billion development. Phase one is the ARC Innovation Center. In addition, the plan includes market-rate and affordable housing, retail, green space, and a community center.

 

Fine & Company, LLC, Lic. #475-098623 – Licensed IL Broker