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2058 W Grand Ave 9,363 SF Office Building Chicago, IL 60612 $4,883,200 CAD ($521.54 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Corner Lot
  • Exceptional Top Floor Residence
  • Concrete Construction with only 2 Center Beams for flexibility

EXECUTIVE SUMMARY

Welcome to 2054-2058 W Grand Ave in the heart of Chicago's vibrant West Town neighborhood. This exceptional live / work space was designed by renowned Chicago architects UrbanLab and has been featured in Dwell magazine. The property spans 3 prime Chicago lots (2 PINS), with the main building being constructed of prefabricated concrete wall panels. The prefab concrete offers structure and insulation while providing a simple, clean and sustainable design. Built in 2013 as an FDA-approved food production facility with a ground floor storefront and restaurant for street visibility and a large area with 24' ceiling height for processing and warehousing. The first floor has ample floor drains and polished concrete floors, providing endless possibilities for food and beverage production, a luxurious garage, furniture design or art fabrication / display (to suggest a few ideas). It also features 3 different commercial kitchen prep spaces with multiple exhaust hoods, ADA required bathrooms, a staff / break room, 2 mechanical rooms, 800 AMP electrical service, and a staging area with overhead doors for shipping & receiving. The building design does allow for all of the rooms to be cleared, leaving only 2 centrally located columns, should that be of interest to the next occupant. The second floor has an office space with a conference room and two private offices as well as a few mechanical rooms and additional warehousing / processing space, which can be accessed through a safety gate from the first floor with a forklift. The top floor is a gorgeous 2 bedroom, 2 bathroom apartment with floor to ceiling windows, and a massive roof deck with unobstructed views of the Chicago skyline. Expertly appointed with high end appliances like a Wolf range, Bosch refrigerator and dishwasher, Duravit sinks and toilets and Axor fixtures. The primary bathroom also features a steam shower and an oversized bathtub set in a quartz and tile surround. There's a formal living room, dining room / flex space and a private roof deck, which is accessible from all of the main spaces in the home. Each level of the building is accessible via a Schindler hydraulic passenger elevator with separate keyed access for floors 2 & 3 and 2 stairwells. The two adjacent properties to the east (2050 and 2048 W Grand Ave) include a simple frame two unit dwelling and a vacant lot that's currently used as an urban garden. These can be included as part of the package for an additional $1,000,000.00. These parcels protect your view but could be repurposed to expand the footprint of the existing commercial or residential space. There's parking here for over 6 cars, 3 Forced air RTUs with AC and 2 water heaters for the building (one for the first floor, the other for the third floor) all 12 years old. There is a Generac natural gas-powered generator that supports a mixture of breakers on floors 1-3, but not the entire building. The first floor has 10+ ceiling-integrated speakers with 4+ zones that have wall-mounted volume controls. The building has new electronic access alarm system with remote access and indoor / outdoor camera surveillance system with remote access (both installed Jan 2025). 3 of 5 exterior doors have electric strike system and Cat-5 wiring throughout most areas of all floors. Some or all of the restaurant fixtures /equipment could be included or excluded based on buyer's preference. Seller plans to leave the majority of restaurant equipment, including the range. The exhaust hoods will remain with the building. There is an 8' hood in the main retail / kitchen area and approx. an 18' hood and make up air hood in the rear kitchen. Many more thoughtful details that make this an exceptional property to both work and live!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
9,363 SF
Building Class
B
Year Built
2013
Price
$4,883,200 CAD
Price Per SF
$521.54 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
3,121 SF
Zoning
B2-2 - Mixed-use district that allows for ground-floor commercial & residential uses.
Parking
6 Spaces (0.64 Spaces per 1,000 SF Leased)

AMENITIES

  • Controlled Access
  • Restaurant
  • Security System
  • Wheelchair Accessible
  • Roof Terrace
  • Storage Space
  • Car Charging Station
  • Air Conditioning
  • Balcony
  • Smoke Detector
  • Backup Power / Generators
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 17-07-124-016-0000
  • 17-07-124-017-0000
Land Assessment
$68,852 CAD
Improvements Assessment
$181,829 CAD
Total Assessment
$250,681 CAD
  • Listing ID: 38257094

  • Date on Market: 2025-10-29

  • Last Updated:

  • Address: 2058 W Grand Ave, Chicago, IL 60612

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