Cawley In The News

New to Market - 401 N. Leavitt Street

Written by Jessica Polito on Mar 13, 2019 11:00:00 AM

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As exclusive listing broker, Cawley Chicago is pleased to present 401 N Leavitt, an adaptive reuse & redevelopment opportunity of scale, size and style like no other in the neighborhood. This 39,300 Sq. Ft., brick and timber building rests on a 39,000 Sq. Ft. corner lot with setbacks on three of the four sides of the property. Situated in the heart of the Kinzie Corridor, the property is conveniently located ¼ mile from Damen and Western Ave corridors; less than ½ mile from the new CTA Damen-Lake Green Line station; and a mile from Fulton Market, West Loop, interstate access and much more.This listing is represented by Cawley brokers, Zach Pruitt and Nicholas Schaefer.

Kinzie Corridor

A neighborhood that was once avoided and overlooked by many, the Kinzie Corridor is currently seeing some of the highest velocity and demand in the city. The Kinzie Corridor has historically been known as the home for companies with manufacturing, industrial and warehouse uses. However, as the manufacturing and industrial industries continue to change, the neighborhood is evolving along with them. Business owners that have resided in the neighborhood for 30+ years are now exploring the opportunities and benefits of selling their real estate. As traditional industrial and manufacturing companies vacate the area, the Kinzie Corridor is booming with "New Age" manufacturing, industrial, and creative office businesses. Today, the neighborhood is home to the ICNC's Incubator Make City, breweries, clothing manufacturers, woodworkers, galleries, coffee roasters, distilleries and many others that are flocking to call the Kinzie Corridor, or Maker's District, their home.

In addition to changes within the Kinzie Corridor, the city of Chicago has commenced on construction of the new CTA Damen Green Line station at N Damen Ave and W Lake St. The intent of the new station is to drive new business to the Kinzie Corridor, by assisting with transportation options to the growing workforce. This is in addition to the added benefits of new transportation options for the residents within the area and those attending events at the United Center. The renewed interest of maintaining the commercial presence within the Kinzie Corridor starts by attracting new businesses and their employees, and assisting to fuel controlled redevelopment in the area for the new age. The hope and goal is that the new CTA Damen station will drive economic development similar to the positive effects the Morgan Line station did for the West Loop and Fulton Market.

To learn more about this listing and other properties available, click here. 

Topics: Industrial, industrial real estate, chicago, CawleyChicago, CRE, for lease, New Listing, New to Market, Sale, Cook County, kinzie corridor

Written by Jessica Polito

A Blog by Cawley Chicago
Understanding & Creating Value as Chicago's Dominant Submarket Specialist.

 

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