Kinzie Building Company Portfolio

Exciting Investment Opportunity: 3-Building Portfolio with Parking Lot!
Coldwell Banker Commercial Realty has been retained by Ownership as the exclusive advisors in the sale of The Kinzie Building Company Portfolio located at 1046-48 W Kinzie Street in Chicago, 415 N Aberdeen Street, 410 N Carpenter Street and 412-418 N Carpenter Street in Chicago, Illinois. The offering consists of 3 buildings and a parking lot situated on 40,102 SF of land. Located in the heart of Chicago's Fulton Market district, where cutting-edge urban living/working meets the city's rich industrial history. The Kinzie Building Company Portfolio offers a unique opportunity to own one of the last remaining development opportunities of this size in the area.
Situated in the heart of Fulton Market, this property puts you within walking distance to some of Chicago's best dining and entertainment. Enjoy easy access to renowned restaurants, artisanal coffee shops, art galleries, boutique stores, and an energetic nightlife.
This location offers excellent transportation options, including easy access to CTA buses and trains, making it a breeze to explore other parts of Chicago or commute to work.
Recent Class A office developments totaling 6,000,000+ sq.ft. have been delivered with an additional 8,000,000+ sq.ft in the pipeline. Recent zoning changes have increased residential development with 6,800+ Class A residential units delivered and an additional 11,000+ units in the pipeline.
The property is currently zoned M2-3 and there is precedent set to change the current zoning to that of a DX-5 or DX-7, which allows for residential, office, hospitality, and mixed-use development projects to achieve higher density standards, similar to other projects that are being developed in the Fulton Market neighborhood. The Fulton Market neighborhood is the leading development neighborhood in Chicago and one of the most sought-after urban infill markets in the country.
1046-48 W Kinzie Street is a 3-story 26,244 SF creative loft office building that was built in 1908 and gut rehabbed in 2007. The existing exposed brick and huge wood beam construction creates a warm and dynamic atmosphere and marries the old loft style office with modern convenience. Current tenants are REMAX and DNA Corp. Inc.
410 N Carpenter Street is a 1-story, 24' clear, 12,588 SF high cube warehouse with two large drive-in doors. This building was also gut rehabbed and split into two spaces. 1/3 of the building is currently leased to Wattage Gym and the other 2/3 was the home of Prosource floor covering.
415 N Aberdeen Street front building is a 3-story 7,800 SF gut rehabbed 3 story creative loft office building attached to a 6,300 SF 20' clear, 1-story warehouse with two Drive-in-doors. The offices are currently occupied by Lofty Real Estate Company and Frontline RE Partners and the rear warehouse is occupied by Sherwin Williams Wholesale Contractor Supply.
412-418 N Carpenter Street is a 9,304 SF 35-space parking lot.
The Tenant’s are all on Net Leases and pay their percentage of occupancy for the expenses. This is a premier value-add covered land play before doing a future ground up development. Call the Broker’s for a confidential rent roll and expense information.
Opportunity awaits to own a piece of Fulton Market's dynamic and evolving landscape. Whether you're a real estate developer or real estate investor looking for a lucrative property, the Kinzie Building Company portfolio has it all.