Contacts

Theron May

Imperial Realty

Property Details

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

Getting around

56/100
Walk Score ®
60/100
Transit Score ®
49/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood Back of the Yards
Zip Code 60609
Market Chicago

Points of Interest

Western

1.29 miles
Ashland

1.30 miles
Kedzie

1.95 miles
Halsted

2.20 miles
35th-Bronzeville-IIT

2.61 miles
35th-Bronzewille-IIT (34th Street Entrance)

2.63 miles
Garfield

2.93 miles
Pulaski

2.99 miles
Halsted Street

3.01 miles
Central Park

3.03 miles

Shell

0.57 miles
7-Eleven

0.59 miles
Marathon

0.63 miles
Citgo

0.71 miles
BP

0.83 miles
Power Gas

0.88 miles
Food 4 Less

0.92 miles
EVgo

3.01 miles
Blink

3.32 miles
eVgo

3.32 miles

Buddy Bear Car Wash

0.59 miles
Ducky's

2.03 miles
Hand Car Wash & Detail

2.12 miles
BP

2.24 miles
DS Luxury

2.89 miles
Mobil

2.97 miles
Hertz

3.60 miles
Car Rentals

4.31 miles
Dollar Car Rental

4.38 miles
Thrifty

4.38 miles

McDonald's

0.54 miles
El Pescador

0.56 miles
Dunkin'

0.57 miles
Laredo Taco Company

0.58 miles
KFC

0.58 miles
Chile Toreado

0.60 miles
Burger King

0.63 miles
Subway

0.66 miles
Naples Pizza

0.69 miles
Huck Finn Restaurant

0.69 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.