This outstanding industrial/flex property presents a rare adaptive reuse or redevelopment opportunity along the Chicago River, ideally located between Roscoe Village and Avondale. Positioned on 2.28 acres, the site features 250 feet of river frontage and 230 feet along Rockwell Street, with a total of 63,000 square feet across a 4-story and a 1-story masonry building. The property offers excellent functionality with 6 loading docks, 3 drive-in doors, 17-foot clear heights, a 6,000-pound capacity freight elevator, and 100 standard parking spaces. Approximately 4,750 square feet are currently vacant, while existing tenants consist of a mix of small to mid-sized businesses such as photographers, artists, light manufacturers, and office users. All leases include termination clauses, offering flexibility for new ownership. This riverfront site is zoned for cannabis businesses and is situated within a TIF District, Enterprise Zone, and the Chicago River Corridor Development Plan, enhancing its long-term value and potential. Recent upgrades include a new roof (2021) on the 1-story structure, paving completed in 2022, new LED lighting, updated dock doors, and restored exterior walls. Boat docks can be added. Conveniently located next to Metropolis Coffee Company (roastery) and within steps of Guild Row (coworking space) and Tesla (auto service center), the property also provides quick access to the I-90/94 expressway. This is a prime investment in one of Chicago's most dynamic riverfront corridors.
Based on information submitted to the MLS GRID as of 04/25/2025 10:52 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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