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Lake and Laflin Portfolio

3 Properties in Chicago, IL

Executive Summary

Three fantastic flex/warehouse/ loft-office properties located in west Fulton Market area! 220 N Laflin is a great investment opportunity, fully leased to tenant Braun Intertec, and has an extensive tenant build-out on top of base building. It features warehouse with barrel-truss roof, newly constructed front office, drive-in door, high bay ceilings, triple catch basin, and two new 7.5 ton RTU's. 1438-1440 W Lake is also a great investment opportunity with Fortune 500 tenant ABM in place. Building has large first floor warehouse space with additional second floor office space and boasts tall ceilings, tons of natural light and three overhead drive-in doors. It also has a new north side masonry wall and new exterior lighting off Lake Street. 1444 W Lake is perfect for a creative owner-operator and boasts open warehouse and office space throughout the building. First floor has new concrete floors and joists, widened opening to garage and new basement loading doors. Second floor has refinished floors, lighting, paint and new kitchen floors. Building is fully air conditioned and has had extensive tuckpointing/masonry work on façade, reinforced structural masonry wall in basement and new electric meter box/runs in the alley.
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 these properties are 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.

Property Facts

Sale Type Investment or Owner User
Status Active
Number of Properties 3
Individually For Sale 3
Total Building Size 20,406 SF
Total Land Area 0.39 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1438-1440 W Lake St, Chicago, IL 60607 Industrial 8,000 SF 1924 -
220 N Laflin St, Chicago, IL 60607 Flex 7,906 SF - -
1444 W Lake St, Chicago, IL 60607 Industrial 4,500 SF 1879 -
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  • Listing ID: 32511985

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: Lake and Laflin Portfolio, Chicago, IL

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