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District Brew Yards Chicago 417 N Ashland Ave 18,550 SF Industrial Building Chicago, IL 60622 $6,274,661 CAD ($338.26 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Corner Location on the Border Between West Loop and West Town – Near Proposed Metra Station & The 1901 Project (United Center Development)
- Vibrant Neighbored Feel – Property borders two high growth submarkets between West Loop and West Town, comprised of young professionals with a Median
- Potential Covered Land Play – The Property boasts a large land footprint for future redevelopment of scale. It is currently zoned in the PMD; however
- Turnkey Brewery & Food Hall – Perfect for an owner/user to kickstart the next phase of their food & beverage empire by expanding to West Town, an area
- Updated Mechanical Systems – All major mechanical systems are less than 7 years old including, HVAC, electrical panels, duct work, lighting, electric
- Transit Oriented Location – The Property sits at Ashland & Hubbard, a 7-minute drive to I-290 and a 7-minute walk to the CTA Green & Pink Lines.
EXECUTIVE SUMMARY
CBRE, as exclusive agent, is pleased to present an opportunity to lease or acquire fee simple interest in 417 North Ashland Avenue (“the Property”) in the West Town neighborhood of Chicago, Illinois.
Built as a brewery and food hall, the Property is 17,290 SF of industrial/warehouse space, split by the brewery and the seating area for patrons. With an outdoor patio, the Property is well-suited for gatherings and events.
Located near the intersection of Ashland Avenue and Hubbard Street, the Property sits at the western edge of Fulton Market. Surrounded by a dense residential area and other industrial commercial spaces, the Property serves a deep need for food & beverage in the area.
In a city famous for craft brewing, the Property is a great opportunity for an investor to hit start on a new or successful concept or to lease the building to a promising, established tenant.
Built as a brewery and food hall, the Property is 17,290 SF of industrial/warehouse space, split by the brewery and the seating area for patrons. With an outdoor patio, the Property is well-suited for gatherings and events.
Located near the intersection of Ashland Avenue and Hubbard Street, the Property sits at the western edge of Fulton Market. Surrounded by a dense residential area and other industrial commercial spaces, the Property serves a deep need for food & beverage in the area.
In a city famous for craft brewing, the Property is a great opportunity for an investor to hit start on a new or successful concept or to lease the building to a promising, established tenant.
PROPERTY FACTS
| Price | $6,274,661 CAD | Rentable Building Area | 18,550 SF |
| Price Per SF | $338.26 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1926 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.35/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 0.39 AC | No. Drive In / Grade-Level Doors | 4 |
| Zoning | PMD4, Chicago | ||
| Price | $6,274,661 CAD |
| Price Per SF | $338.26 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.39 AC |
| Rentable Building Area | 18,550 SF |
| No. Stories | 2 |
| Year Built | 1926 |
| Tenancy | Single |
| Parking Ratio | 0.35/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | PMD4, Chicago |
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 17-08-135-004-0000 | Improvements Assessment | $217,789 CAD |
| Land Assessment | $75,803 CAD | Total Assessment | $293,592 CAD |
PROPERTY TAXES
Parcel Number
17-08-135-004-0000
Land Assessment
$75,803 CAD
Improvements Assessment
$217,789 CAD
Total Assessment
$293,592 CAD
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District Brew Yards Chicago | 417 N Ashland Ave
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