For Sale
$7,225,000

1830-1856 Kostner Ave Chicago, IL 60639

Chicago Flex Space - $7.225M

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 151,500 square foot creative office and flex space property, located at 1830-1856 N Kostner Ave in Chicago, IL, presents a compelling investment opportunity. Built in 1910 and renovated in 1960, the property sits on a 4.74-acre lot and boasts a PMD-9 zoning permit. The building features impressive ceiling heights ranging from 12 to 35 feet, seven dock-high doors (three exterior, one interior, and three drive-in doors), and ample parking for 25 vehicles. The property benefits from excellent street exposure on Kostner Avenue and Cortland Street, providing significant visibility. Truck and trailer storage is readily available. Currently, two tenants occupy the space on month-to-month leases, offering immediate income potential and redevelopment flexibility. The property is conveniently located just four miles from the I-90/I-94 interchange. A recent improvement includes a new roof over a section of the building. This property offers a unique blend of existing income and significant redevelopment potential in a prime Chicago location. The property's size, features, and location make it an ideal candidate for a variety of uses. This is a rare opportunity to acquire a substantial industrial/office property with significant upside.

Highlights

  • High-profile location with excellent street visibility on Kostner Avenue and Cortland Street.
  • Ample truck and trailer parking available.
  • Significant redevelopment potential.
  • Convenient access to major highways I-90 and I-94 (within 4 miles).
  • Two month-to-month tenants currently occupy the property.
  • Partial new roof installation.

Property Details for 1830-1856 Kostner Ave

Property type
Office properties, Office space
Square Feet
151,500 SF
Year Built/Renovated
1910/1960
Lot Size (sq. ft)
206,474 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9144003
Longitude
-87.736417
1830-1856 Kostner Ave, Chicago, Illinois

FAQs

What type of property is this?
Office property - Chicago Flex Space - $7.225M
Where is the office property located?
The property is located at 1830-1856 Kostner Ave Chicago, IL.
What is the asking price?
The asking price for this property is $7,225,000.
What are key features of this property?
This property features: High-profile location with excellent street visibility on Kostner Avenue and Cortland Street.; Ample truck and trailer parking available.; Significant redevelopment potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1830-1856 Kostner Ave
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