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901 W Lake St

25,000 SF 50% Leased Industrial Building Chicago, IL 60607 For Sale

Investment Highlights

  • Prime Location in the Heart of Historic Fulton Market.
  • Well-Educated and High-Income Demographics with Strong Spending Power.
  • Close Proximity to Major Employers and Headquarters of Fortune 500 Companies.
  • Situated Between the Activated Fulton Street Corridor and Restaurant Row.
  • Strong Multi-Housing Demand Leads to Outsized Rent Growth.
  • Unbeatable Access: Walking Distance from Morgan Street Station, Grand Ave Station, and Metra Train Locations.

Executive Summary

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), on behalf of ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile development opportunity located at 901 West Lake Street in Chicago, Illinois (“The Property”).
Located on the southwest corner of West Lake Street and North Peoria Street, 901 West Lake is positioned in the heart of Chicago’s historic Fulton Market. A former meatpacking district, Fulton Market offers an ideal live-work-play lifestyle surrounded by state-of-the-art offices, renowned restaurants, entertainment, and Fortune 500 headquarters.
901 West Lake is a 12,478 square foot land site which is currently improved with a 25,000 square foot, two story warehouse/distribution building. The Property is zoned C1-1, Neighborhood Commercial District. The Property benefits from residing in the Downtown Expansion Area, allowing for higher density mixed-use development. 901 West Lake Street’s strategic location within Fulton Market, home to McDonald’s world HQ and Google’s Midwest HQ, is positioned to capitalize on the neighborhoods continued rapid growth making it a premier high density development opportunity.

Property Facts

Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.29 AC
Rentable Building Area 25,000 SF
No. Stories 2
Year Built 1890
Clear Ceiling Height 14 FT
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 1

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 12,500 SF
  • Retail
  • Shell Space
  • Now
Space Size Space Use Condition Available
1st Floor 12,500 SF Retail Shell Space Now

1st Floor

Size
12,500 SF
Space Use
Retail
Condition
Shell Space
Available
Now
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (88)
Bike Score ®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-08-432-003-0000
Land Assessment
$93,750
Improvements Assessment
$475,417
Total Assessment
$569,167

zoning

Zoning Code C1-1 (Neighborhood Commercial District)
C1-1 (Neighborhood Commercial District)
  • Listing ID: 32976190

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 901 W Lake St, Chicago, IL 60607

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