Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1950
Building Area Net
Land Area Net ()
Rentable Area

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), as sole and exclusive agent, has been retained to offer for sale to qualified investors the opportunity to acquire the fee simple interest in a creative flex office + parking lot opportunity located at 1400 W. Hubbard Street in Chicago, Illinois (“the Property”).


The Property is zoned PMD-4(B) and improved with a +/- 29,500 square foot creative flex office building with one drive-in door and one dock-high door. The building’s non-commodity construction delivers a unique mix of part timber loft and part metal truss product with abundant natural light and high ceilings. In addition, the Property includes a +/- 11,353 square foot parking lot delivering 32 surface parking spaces on the south side of Hubbard St.

Investment Highlights

Non-Commodity Flex Office Building

  • 29,500 SF Brick & Timber + Metal Truss (Clear Span) Construction
  • One (1) Drive-in-Door + One (1) Dock-High-Door
  • High Ceilings & Abundant Natural Light

32-Stall Parking Lot Across Hubbard St

  • Rare 11,353 square foot infill surface parking lot
  • 1 stall per 1,000 square feet of office space
  • Future development potential

Steps From Future Metra Station

  • Planned Metra Station > 500’ away along Kinzie between Ogden & Ashland
  • Could serve UP-West, MD-West, MD-North and North Central Service Metra lines
  • New station + A-2 Flyover = $1.4-$1.7 billion investment

Growing Fulton Market Neighborhood

  • 1.8 million+ sf of active office tenants in the market
  • 34.4% Office rent growth since 2019
  • 7,831 Apartments under construction / In-planning
Last Updated Date: 22 Jun 2022

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Last Updated Date: 22 Jun 2022

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