A unique industrial property near downtown Chicago offering available space for lease or redevelopment

Transcription

1 IIT S State Street E 41st Street E 42nd Street S Wabash Ave A unique industrial property near downtown Chicago offering available space for lease or redevelopment South State Street

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3 The Property Bronzeville Industrial Center offers an industrial space opportunity in Chicago s Bronzeville neighborhood. Industrial space is available for lease in several single to multi-story vintage loft structures. The entire 4.34-acre site is available for sale, as a redevelopment project. Concept plans depict maximizing coverage on the site with a new 92,360 s.f. building. The property was operated as a commercial dairy by the historic Bowman Dairy Company. It is now owned and operated by an auction company that has maintained portions of the building as functional office and warehouse space. 1

4 Location DOWNTOWN CHICAGO Bronzeville Industrial Center is located just 4 miles south of the center of Downtown Chicago on State Street between 41st and 42nd Streets in Chicago Bronzeville neighborhood. The unique location offers users quick access to Downtown via multiple access points to Interstate 90/94 (Dan Ryan Expressway) and multiple alternative routes on surface streets. IIT BRONZEVILLE Bronzeville is home to several accredited institutions. The Illinois Institute of Technology (IIT) campus is less than four blocks north. The Chicago White Sox stadium and Chicago Police Headquarters are close by. Additionally, Metra operates a maintenance facility for their fleet of commuter trains nearby. The site is widely served by public transportation. Access to Red Line and Green Line CTA are close by. CTA bus service is available in front of the property on State Street. Located in the pro-business 3rd Ward. Pat Dowell is the Alderman. N 2

5 All Parcels Parcels ABCD For Sale or Lease +/-4.34-acre redevelopment opportunity 4131 S. State Street The entire +/-4.34-acre property is offered for sale. This scenario contemplates demolition of existing structures and redeveloping the site with construction of a 92,360sf Class A, pre-cast warehouse/manufacturing facility. As inventory of sites with comparable access to Downtown Chicago is extremely rare, this scenario offers potential user/owners being displaced from other areas of the City of Chicago an opportunity to develop and own their own facility. PROJECT DATA Site area Gross Total Building footprint Building use Warehouse Office 4.34 acres 202,495 s.f. 92,360 s.f. 83,124 s.f. 9,236 s.f. Coverage Gross 42% Net 42% Parking required Warehouse 1/1000 s.f. 83 stalls Office 1/500 s.f. 18 stalls Total 102 stalls Parking provided Auto Required accessible 78 stalls 4 stalls D A Truck docks Dock-high doors 25 C B 3

6 Parcel A Parcel A For Sale or Lease +/-12,500 s.f. Vehicle Maintenance/Service Facility with +/-1 acre Exterior Land Site 4100 S. Wabash Avenue SPECIFICATIONS Building Size +/-12,500 s.f. Land Size +/-1 acre Clear Height bays with (1) 13.5 W x 12 H overhead doors (4) 10 W x 14 H (north facing) (4) bays 75 deep (1) wash bay 50 deep 1 overhead door 14 W x 14 H (east facing to Wabash Avenue) Underground diesel tank Portions of clear space Functional vintage space Office areas to suit Unique availability of multi bay vehicle maintenance space Clear space offers flex for a wide variety of uses 4 D C A B

7 Parcel B Parcel B For Sale or Lease +/-65,000 s.f. 2-story Industrial Building 4130 S. Wabash Avenue SPECIFICATIONS Building Size +/-65,000 s.f. # of stories 2 Typical floor +/-32,500 s.f. Clear Height Land Size +/-1.14 acres Zoning M1-2 Year Built 1932 Expansive interior truck level loading dock Portions of clear space Functional vintage space Office areas to suit Well-maintained D C A B 5

8 Parcel C Parcel C For Sale or Lease +/-80,000 s.f. Industrial Building 4131 S. State Street SPECIFICATIONS Building Size +/-80,000 s.f. # of stories 1, partial 2 Clear Height Land Size +/-1.41 acre Zoning M1-2 Year Built 1920 One exterior truck level loading dock One grade-level overhead door Vintage masonry building Functional vintage space Existing office areas Well-maintained 21,000 vehicles per day on State Street D A 6 C B

9 Parcel D Parcel D For Sale or Lease +/-35,000 s.f. (+/-0.8 acre) Land Site 4101 S. State Street SPECIFICATIONS Land Size Zoning C1-3 Condition Ideal uses: Truck storage Exterior storage Retail redevelopment +/-35,000 s.f. +/-0.8 acre Crushed gravel Fenced/gated D C A B 7

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12 dustrial property near downtown Chicago bronzevilleindustrial.com vailable space for lease or redevelopment South State Street +