1053 Grand AveChicago, IL 60642

Property Details for 1053 Grand Ave

Year built

1963

Lot size

0.05 AC

Property size (Sq ft)

1,300 SF

Property type

Commercial real estate

APN

17-08-248-004

APU

1708248004

Description

This exceptional 9,089-square-foot retail space, formerly occupied by Tesla, is ideally situated on Grand Avenue in Chicago's vibrant West Loop/West Town neighborhood. The single-tenant building boasts an open interior layout, complemented by a striking bow-truss ceiling and ample natural light from strategically placed skylights. Functionality is maximized with multiple drive-in doors, catering perfectly to an auto shop or similar business. On-site parking is provided with 20 spaces. The property benefits from its proximity to major transportation arteries, including Interstate-90 and the Grand Avenue Blue Line "L" Station, ensuring easy accessibility for both employees and customers. This prime location is surrounded by a thriving community, boasting an average household income exceeding $157,000 within a one-mile radius. The property's location just blocks from Fulton and Randolph Streets places it amidst a collection of high-end restaurants, retailers, and corporate offices, including notable names such as Lululemon, Billy Reid, Warby Parker, Allbirds, and Patagonia, as well as numerous acclaimed restaurants. Built in 1963, this Cook County property presents a unique opportunity to establish a business in a highly desirable and affluent area. The entire 9,089 square feet is currently vacant.

• Alternative Use

  Use

  Valuation

  Residential

  $478,201

  Hospitality

  $438,029

  Educational

  $364,435

  Medical

  $376,969

  Retail

  $566,899

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8909

Longitude

-87.6541

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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