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1540 S Ashland Ave
Chicago, IL 60608
Industrial Property For Sale
Investment Highlights
- Located 1 mile from I-290 and 1.5 miles from I-55, providing strong regional connectivity.
- Two available suites totaling 37,096 SF with flexible layouts and office build-outs.
- Professionally owned and managed property ensuring reliable maintenance and service.
- Three blocks from the Pink Line (18th Street Stop) for convenient public transit access.
- Excellent loading with multiple docks and drive-in doors for efficient operations.
- Parking ratio of 1 stall per 1,000 SF supports tenant and visitor needs.
Executive Summary
1540 South Ashland Avenue offers a rare opportunity to acquire a well-located industrial property in Chicago with flexible occupancy options. The building spans 73,169 SF and is professionally owned and managed, ensuring operational reliability. Positioned just 1 mile from I-290 (Ashland Exit) and 1.5 miles from I-55 (Damen Exit), the property provides exceptional regional connectivity for distribution and logistics users. Additionally, the site is only three blocks from the Pink Line (18th Street Stop), offering convenient public transit access for employees.
The property features multiple suites, including two currently available spaces totaling 37,096 SF, with clear heights of 16 feet and excellent loading capabilities. Suite 101 offers 25,216 SF with two docks and two drive-in doors, while Suite 103 provides 11,880 SF with two drive-in doors. Ample parking and a ratio of 1 stall per 1,000 SF further enhance functionality. This asset is well-suited for investors seeking a stabilized industrial property with strong leasing potential in a high-demand urban market.
The property features multiple suites, including two currently available spaces totaling 37,096 SF, with clear heights of 16 feet and excellent loading capabilities. Suite 101 offers 25,216 SF with two docks and two drive-in doors, while Suite 103 provides 11,880 SF with two drive-in doors. Ample parking and a ratio of 1 stall per 1,000 SF further enhance functionality. This asset is well-suited for investors seeking a stabilized industrial property with strong leasing potential in a high-demand urban market.
Property Facts
| Sale Type | Investment | Year Built/Renovated | 1969/2020 |
| Property Type | Industrial | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 6 |
| Lot Size | 2.17 AC | No. Drive In / Grade-Level Doors | 12 |
| Rentable Building Area | 73,169 SF | Opportunity Zone |
Yes
|
| No. Stories | 2 | ||
| Zoning | PMD 7 | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.17 AC |
| Rentable Building Area | 73,169 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2020 |
| Parking Ratio | 0.96/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 12 |
| Opportunity Zone |
Yes |
| Zoning | PMD 7 |
Amenities
- Fenced Lot
- Signage
Utilities
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,254,964 CAD | |
| Land Assessment | $813,239 CAD | Total Assessment | $2,068,203 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$813,239 CAD
Improvements Assessment
$1,254,964 CAD
Total Assessment
$2,068,203 CAD
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