1438-1440 W Lake St

Flex/loft-office investment building for sale in amazing west Fulton Market location! Large first floor warehouse space with additional second floor office space, building boasts tall ceilings, tons of natural light, and three overhead drive-in doors. Basement has had small concrete reinforcement plus new North side masonry wall and new exterior lighting off Lake Street. Lower West roof is 7 years into 10-year warranty and Upper East roof is 7 years into 15-year warranty. 2023 Taxes: $53,030.
Building is fully leased to ABM Janitorial, a division of ABM Industries, a New York-based global facility solutions company. With 100,000+ employees serving over 20,000 clients within 15 different industries and across 250+ offices internationally, ABM is one of the largest providers of facility services and solution in the world, with annual revenue totaling over $7B. They were first named to the Fortune 500 list in 2016, ranking 485th and as of June 2024, ABM was ranked 466th. Their range of facility services include electrical, lighting, energy, facility engineering, heating, ventilation, air conditioning, mechanical, janitorial services, landscape, grounds, parking, and transportation. ABM's services also include energy efficiency and sustainability solutions.
Can't beat this West Fulton Market location, this property is a commuters dream! Located right off the Green/Pink L line, the building is just a two-minute walk to the Ashland station and a 15 minute walk west to new Damen/Lake station or east to Morgan station. It is just steps from the Ashland CTA bus line and a quick drive to both the 90/94 and 290 expressways.
The West Loop and Fulton Market are well known for showcasing the best of the best within the exciting Chicago culinary scene and 1438-40 W Lake is located mere steps from everything these two neighborhoods have to offer, including Michelin Star restaurants Ever, Smyth, and Elske, all three of which are within walking distance. Restaurant Row on Randolph is also nearby featuring popular restaurants Au Cheval, The Publican, and Girl & The Goat.
In addition to its eclectic food and drink scene, the Fulton Market/West Loop area boasts numerous luxury hotels including The Hoxton, Soho House, Nobu, and The Emily. It has also become a major hub for technology companies to plant their flag, attracting the like of Google (Midwest HQ), McDonald's (Global HQ), John Deere, and Dyson.