242 North Western Avenue, Chicago, IL, 60612

242 North Western Avenue Chicago, IL 60612

242 North Western Avenue, Chicago, IL, 60612
242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612 242 North Western Avenue, Chicago, IL, 60612
FOR SALE
Property Type:
Factory
Amount:
$2,199,000
Last Verified:
Jun 25, 2026

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Highlights

  • 8,700 SF building
  • Zoned PMD4
  • Ideal for industrial/manufacturing use
  • Strategic Chicago location
  • Close to major transportation routes
  • Modern facilities
  • Ample parking
  • Room for expansion
  • High ceilings
  • Natural light
  • Security features
  • Flexible floor plan
  • Proximity to business amenities

Description

8700SF flex use warehouse/office with luxe second floor workspace! Hi traffic exposure on Western Ave! Main floor features 17ft ceilings with a largelyopen span warehouse, two loading docks (13'6" & 10'6"), large private office, open workstations, kitchenette, storage rooms, and two baths. Second floor features luxe open workspace with polished concrete floors, custom bar and kitchen, a full bath with shower, and large storage room. High R-value spray foam insulation thru-out, EV charging station, & parking lot with snow-melt lines in place. Plenty of power with 480a/3-phase + additional 220amp service. Full heat and AC thru-out. Warehouse is 6400SF. Zoned PMD4. This property has been superbly maintained and is ready for a variety of business types!

Explore the thriving industrial landscape surrounding this prime location in Chicago, IL, 60612. Situated in the heart of a dynamic manufacturing hub, the area boasts convenient access to major transportation routes, including interstates and rail lines, making it an ideal choice for industrial and manufacturing investors. Nearby, the historic Fulton Market District and the iconic Randolph Street Market offer a rich tapestry of dining, entertainment, and cultural experiences. The neighborhood also benefits from its proximity to the bustling business community in the West Loop, where a mix of innovative startups and established enterprises contribute to a vibrant economic ecosystem.

Building Size: 8700sq ft
Lot Size: 0.18 acres


Documents

242 N Western Ave Offering Memorandum

Map of 242 North Western Avenue, Chicago, IL, 60612

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.