Rare 80,000+ SF Industrial to Creative Office Redevelopment Opportunity just west of Chicago’s booming Fulton Market. The Property is located at 325 North Ashland in West Fulton Market, just north of Lake between Carroll and Fulton. It’s an 80K sf two-story concrete industrial manufacturing building that is currently owner occupied. It sits on 1 AC with an adjacent 0.31 AC surface parking lot for a total 1.31+ AC site that is less than 1,000 feet from the CTA line. 1) Large 40,000 SF open floor plates and 14’ ceiling heights2) Well-located with multimodal transportation access 3) 4 minute drive to both I-294 and I-90/94o Less than two blocks to Ashland/Lake (Green/Pink CTA Line)o Two major bus lines within 130 feet4) Within the Kinzie industrial Corridor and currently zoned PMD-4 5) Great bones with a strong foundation o Perfect for vertical integration / FAR allowance of an additional full floor without zoning change requirements (total of 120,000 RBA) 6) Efficient design and layout that could accommodate high-density users or corporate HQ businesses 7) Potential opportunity to assemble a full city blockLink to Video: https://www.youtube.com/watch?feature=youtu.be&v=3psUtLGXpAY
325 North Ashland is well-located less than two blocks from the Ashland/Lake CTA stop, just minutes from the thriving 24/7, amenity-rich neighborhood of Fulton Market. The Property sits on approximately 1 acre with an additional 0.31 acresurface parking lot, providing strong opportunistic upside to redevelop and reposition the existing property to its highest and best use potential.