- For Sale $25,000,000
- Property Type Industrial
- Property Size 1,305,769 SF
- Lot Size 8.3 Acre
- Additional Rent Contact for pricing
- # of Floors 6
- Building Class B
- Year Built 1919
- Date Updated Mar 4, 2024
Imperial Realty is pleased to present for sale a multi-family redevelopment opportunity in the McKinley Park neighborhood of Chicago, which was ranked the "hottest affordable neighborhood" in the country by Redfin in 2019. The Property is currently a well-maintained 1.3 million square foot industrial and warehouse property consisting of six(6) connected buildings, located in a TIF District & Enterprise Zone on 10.90 acres at 1965 W Pershing Rd. Constructed in 1918, the Property is 30% occupied by aproximatley 300 small tenants, with six(6) six-story buildings connected by tunnels for trucking and track space.
Situated within a short distance from multiple major interstates and railroads, the fully sprinklered Property benefits significantly from it's convenient location in McKinley Park. The logistic-convenient and commuter-friendly Property is adjacent to the 70 acre McKinley Park Community Area (2210 W Pershing Road), featuring swimming pools, turf soccer fields, baseball fields, basketball courts, seasonal ice skating, playground areas, a gymnastics center, and the National Latino Education Institute. Immediately west on the adjacent property line is a major 500,000 sqft mixed-use redevelopment currently underway that's converting the existing 500,000 sqft warehouse building into light manufacturing, warehouse and office, bringing a larger workforce daytime population, and thus higher demand and aggregated spending power to the immediate area.
With over 1.3M SF sitting on 10.90 acres of TIF-district-land in a rapidly growing neighborhood with high residential demand, this investment represents an exceptional opportunity to acquire an extremely well-located existing industrial-warehouse property with tremendous value-add and multi-family redevelopment potential.
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Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
56/100 Somewhat Walkable -
Transit Score ®
60/100 Good Transit -
Bike Score ®
49/100 Somewhat Bikeable
- City Chicago, IL
- Neighborhood Back of the Yards
- Zip Code 60609
- Market Chicago
Points of Interest
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Western
1.29 miles
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Ashland
1.30 miles
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Kedzie
1.95 miles
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Halsted
2.20 miles
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35th-Bronzeville-IIT
2.61 miles
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35th-Bronzewille-IIT (34th Street Entrance)
2.63 miles
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Garfield
2.93 miles
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Pulaski
2.99 miles
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Halsted Street
3.01 miles
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Central Park
3.03 miles
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Shell
0.57 miles
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7-Eleven
0.59 miles
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Marathon
0.63 miles
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Citgo
0.71 miles
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BP
0.83 miles
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Power Gas
0.88 miles
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Food 4 Less
0.92 miles
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EVgo
3.01 miles
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Blink
3.32 miles
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eVgo
3.32 miles
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35th/Archer Park & Ride
0.60 miles
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Western Park & Ride
1.35 miles
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Visitor Paerking
1.57 miles
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Visitor Parking
1.64 miles
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Kedzie Park & Ride
1.98 miles
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Lot L
2.04 miles
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Lot G
2.05 miles
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Lot F
2.06 miles
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McDonald's
0.54 miles
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El Pescador
0.56 miles
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Dunkin'
0.57 miles
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Laredo Taco Company
0.58 miles
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KFC
0.58 miles
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Chile Toreado
0.60 miles
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Burger King
0.63 miles
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Subway
0.66 miles
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Naples Pizza
0.69 miles
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Huck Finn Restaurant
0.69 miles
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Jewel-Osco
0.58 miles
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Cermak Fresh Market
0.63 miles
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Forman Mills
0.79 miles
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Ross
0.85 miles
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Target
0.96 miles
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Supermercado El Guero
1.01 miles
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Supermercado El Gurero
1.01 miles
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ALDI
1.06 miles
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Marshalls
1.10 miles
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Mariano's Fresh Market
1.14 miles
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Chicago Fire Department Special Operations Section
0.16 miles
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Walgreens
0.60 miles
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ACCESS Cabrini Family Health Center
0.66 miles
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Chicago Fire Department Engine Company 49
0.77 miles
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Chicago Fire Department Engine Company 39
0.91 miles
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CVS Pharmacy
0.98 miles
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Fresenius Kidney Care
1.07 miles
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University of Illinois - Mile Square Health Center at Back of The Yards
1.10 miles
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FFHC-Ashland
1.17 miles
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Chicago Fire Department Engine Company 65
1.32 miles
Frequently Asked Questions
How much does 1965 West Pershing Road cost?
The space currently listed for sale at 1965 West Pershing Road asks for $25,000,000.
What is the total square footage of 1965 West Pershing Road?
1965 West Pershing Road totals 1,305,769 square feet.
When was this property built?
1965 West Pershing Road was built in 1919.
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Contact Listing Broker
Theron May
Imperial Realty