Log In/Sign Up
Your email has been sent.
2942-2950 N Western Ave
Chicago, IL 60618
Chicago Northside Storage · Industrial Property For Sale
Investment Highlights
- Chicago Zoning Now Severely Restricts New Self-Storage Development — No Facilities Planned, Permitted, or Under Construction Within a 3-Mile Radius
- Rapidly Growing Market: 43,093 Future Residential Units in the Development Pipeline (5-Mile Radius)
- Three Commercial Tenants with Long-Term In-Place Leases Through 2030–2031, Anchored by the Chicago Tribune Company
- Densely Populated, Affluent Urban Infill Trade Area: Large Population of 590,724 People and Average Household Income of $154,009 Within 3-Miles
Executive Summary
MORE INFO / VIEW OFFERING MEMORANDUM: https://selfstorageadvisory.com/properties/chicago-northside-storage/
CBRE's Self Storage Advisory Group is retained as the exclusive listing advisor for Chicago Northside Storage, which consists of 882 units distributed across 55,825 net rentable square feet of ground level drive-up and interior non-climate-controlled, heated, and climate-controlled storage space along with 1,626 net rentable square feet of covered parking spaces and 5,150 net rentable square feet of outdoor parking spaces. The facility is located in close proximity to Interstate 90 (272,600 VPD traffic count) in a well-populated and rapidly growing area, with a large population of 1,228,048 people and 43,093 future residential units in the development pipeline within a 5-mile radius.
Chicago, IL stands out as a dynamic Midwestern economic powerhouse, driven by a diverse economy rooted in finance, logistics, education, and innovation. The city benefits from robust transportation and freight infrastructure, including the Port of Chicago, which handles approximately 26 million tons of cargo annually. Chicago’s knowledge economy is anchored by major institutions such as the University of Chicago (19,287 students) and a broader metropolitan higher-education network totaling roughly 181,000 students, reinforcing a strong talent pipeline for future growth. The region also hosts the Naval Station Great Lakes, the Navy’s largest training installation, supporting over 20,000 personnel and contributing $4.6 billion to Illinois’ GDP. Major future-focused projects such as The 78 redevelopment, the Obama Presidential Center, and extensive transit expansions add billions of dollars in planned investment, and are positioning Chicago for sustained, innovation-driven growth in the decade ahead.
CBRE's Self Storage Advisory Group is retained as the exclusive listing advisor for Chicago Northside Storage, which consists of 882 units distributed across 55,825 net rentable square feet of ground level drive-up and interior non-climate-controlled, heated, and climate-controlled storage space along with 1,626 net rentable square feet of covered parking spaces and 5,150 net rentable square feet of outdoor parking spaces. The facility is located in close proximity to Interstate 90 (272,600 VPD traffic count) in a well-populated and rapidly growing area, with a large population of 1,228,048 people and 43,093 future residential units in the development pipeline within a 5-mile radius.
Chicago, IL stands out as a dynamic Midwestern economic powerhouse, driven by a diverse economy rooted in finance, logistics, education, and innovation. The city benefits from robust transportation and freight infrastructure, including the Port of Chicago, which handles approximately 26 million tons of cargo annually. Chicago’s knowledge economy is anchored by major institutions such as the University of Chicago (19,287 students) and a broader metropolitan higher-education network totaling roughly 181,000 students, reinforcing a strong talent pipeline for future growth. The region also hosts the Naval Station Great Lakes, the Navy’s largest training installation, supporting over 20,000 personnel and contributing $4.6 billion to Illinois’ GDP. Major future-focused projects such as The 78 redevelopment, the Obama Presidential Center, and extensive transit expansions add billions of dollars in planned investment, and are positioning Chicago for sustained, innovation-driven growth in the decade ahead.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1953/1978 |
| Property Subtype | Manufacturing | Parking Ratio | 2.36/1,000 SF |
| Building Class | B | Clear Ceiling Height | 22’10” |
| Lot Size | 6.10 AC | No. Dock-High Doors/Loading | 9 |
| Rentable Building Area | 55,825 SF | No. Drive In / Grade-Level Doors | 4 |
| Zoning | M2-3 | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 6.10 AC |
| Rentable Building Area | 55,825 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/1978 |
| Parking Ratio | 2.36/1,000 SF |
| Clear Ceiling Height | 22’10” |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M2-3 |
Utilities
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,339,960 CAD | |
| Land Assessment | $2,325,805 CAD | Total Assessment | $3,665,765 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,325,805 CAD
Improvements Assessment
$1,339,960 CAD
Total Assessment
$3,665,765 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
