1030-1040 N Halsted St
Chicago, IL 60642
Industrial Property For Sale

SOLID IN-PLACE CASH FLOW + MARK-TO-MARKET UPSIDE
The Property offers investors secure cash ?ow today with meaningful mark-to-market upside long-term. Dog. Hotel | Daycare, which occupies 42% of the building and features 110 feet of prime Halsted frontage, currently pays a net effective rent of $10.54/SF. In contrast, the balance of the tenancy averages $21.76/SF net—a 106% premium. With no renewal options and a lease expiring 5/31/2029, a new investor is well positioned to capture this upside through either a market-rate renewal or re-tenanting with a retail or ?ex-industrial user, all while bene?ting from the stability of in-place income.
LAST-MILE INDUSTRIAL + CENTRALIZED NEIGHBORHOOD CONNECTIVITY
As an irreplaceable last-mile ?ex-industrial facility, the Investment is uniquely positioned to serve Chicago’s highest-demand residential and commercial districts within minutes. Last-mile access has become one of the most critical components of today’s supply chain, enabling tenants to meet rising consumer expectations for speed, ?exibility, and reliability. Positioned on Goose Island, the Property offers unmatched connectivity to Chicago’s most dynamic neighborhoods, with immediate access to River North, River West, Lincoln Park, Wicker Park, Fulton Market, Bucktown, and West Town. This prime location ensures a constant ?ow of activity through Goose Island and allows tenants to efficiently distribute goods, making the Property ideally suited for e-commerce, logistics, and service-oriented users.
GOOSE ISLAND REVITALIZATION + GROWTH MOMENTUM
The Property is strategically positioned at the center of Goose Island’s transformation, located just 400 feet north of Onni Group’s $1.1 billion Halsted Pointe development, which will deliver over 2,650 new residential units and drive long term demand for retail, service, and entertainment amenities. South of the site, Bally’s Chicago Casino, the city’s ?rst full scale casino resort, is underway, featuring a luxury hotel, convention facilities, and entertainment venues that will make the area a premier hospitality and entertainment destination. Adjacent to Goose Island, the iconic Salt Shed, a redeveloped Morton Salt warehouse, has been reimagined into a dynamic mixed-use venue with concerts, events, and food and beverage offerings that consistently draw large crowds. Signi?cant infrastructure improvements, including the reconstruction of the Chicago Avenue Bridge and the recon?guration of the Halsted and Chicago Avenue intersection, are further enhancing accessibility to and through Goose Island, supporting continued growth and connectivity in the area.
EXCEPTIONALLY RARE OVER ABUNDANCE OF PARKING + CONNECTIVITY
The Property is distinguished by a rare amenity in Chicago: hundreds of free street parking spaces surrounding the site, including along two sides of the building. This abundance of convenient parking, virtually unheard of in such a central location, offers unmatched accessibility for both employees and visitors. In addition, the Property is within one mile of three major CTA stations providing direct service to Chicago’s key neighborhoods and the Loop. Two nearby CTA bus lines offer north-south connections to Wrigley Field and the South Loop, as well as east-west service to the Lake and Wicker Park. Located just 0.9 miles from Interstate 90/Kennedy (226,600 VPD), the Property also ensures seamless connectivity to the suburbs and O’Hare International Airport.
MAJORITY NET LEASES + SOLID & REPUTABLE TENANCY
The Property is supported by a strong and stable tenant base consisting of Hogsalt Hospitality, Greenstone Partners, and Dog. Hotel | Daycare, contributing to an average lease tenure of 8.17 years. Dog. Hotel | Daycare has operated at this location for 12 years, providing consistency and stability. Greenstone and Hogsalt each signed 10-year net leases in 2020, securing reliable, passive cash ?ow and mitigating exposure to future expense increases. Hogsalt Hospitality, an internationally renowned Chicago-based restaurant group, operates acclaimed establishments including Au Cheval, Bavette’s Bar and Boeuf, Gilt Bar, Green Street Smoked Meats, The Doughnut Vault, Small Cheval, Trivoli Tavern, 4 Charles Prime Rib in New York, Bavette’s in Las Vegas, and La Renommée in Paris, re?ecting the group’s premier reputation and international reach. Greenstone Partners is a leading Chicago-based commercial real estate investment sales ?rm known for advising on complex transactions, providing market expertise, and leveraging long-standing relationships with institutional and private investors.
STRONG LEASING DEMAND FOR INFILL FLEX-INDUSTRIAL
This urban Chicago property presents a rare ?ex-industrial offering, featuring seven dock doors and clear heights of 12’ to the beam and 14’ to the deck. Positioned prominently along Halsted Street with additional dock access via Haines and Hooker Streets, the asset delivers exceptional last mile accessibility, an essential premium for e-commerce, logistics, and service-oriented tenants who prioritize visibility, dock availability, and convenience. While Greenstone currently utilizes its space as office, the layout is uniquely versatile: a future user could easily remove portions of the office build-out while retaining bathrooms and front-facing offices, creating an ideal balance of functional warehouse and professional space. Suite sizes ranging from 6,500 to 11,500 square feet allow the Property to cater to a wide spectrum of tenant needs, from creative office to service industrial to distribution. With limited supply of this product type in the urban core, the Property represents a distinctive opportunity to capture strong leasing activity and long-term rental growth.
INSTITUTIONAL CAPITAL TARGETS GOOSE ISLAND
Goose Island continues to prove itself as a premier last-mile logistics and ?ex-industrial hub, drawing best-in-class tenants and top-tier investors. Prologis, the world’s largest industrial real estate owner with 1.3 billion SF across 20 countries, highlighted the island’s appeal in 2021 with its $100 million acquisition of a 173,000 SF warehouse. Hines followed in 2022 with its $47 million acquisition of 1315 N. North Branch, reinforcing con?dence in the submarket. In 2023, Guggenheim Partners further demonstrated institutional conviction by backing the acquisition of a 179,000 SF building at 900 N. Branch Street. Notable occupiers include Mars, which recently launched its global R&D hub on the island, and CB2’s corporate headquarters. The mix also includes e-commerce, logistics, creative, and service users, underscoring that institutional investors are actively chasing ownership in this irreplaceable last-mile locale.