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1410-1440 N Kingsbury St
Chicago, IL 60642
Industrial Property For Sale
EXECUTIVE SUMMARY
CBRE is proud to offer a rare and high profile Lincoln Park development opportunity. The Iconic Carbit Paint Company has relocated operations to Melrose Park and for the first time in almost 70 years, their former home is now available for redevelopment. This massive two acre development site is located in the highly sought after Lincoln Park / Clybourn Corridor neighborhood. This very rare infill development opportunity has over 400' of river frontage and high barriers to entry. The current C3-5 zoning is for commercial use only and will require a planned development (PD) to amend the zoning to allow for residentail use like all the nearby residential towers.
This neighborhood is extremely dense and affluent. There are 288,316 residents in a 2-mile radius with an average household income of $183,155. The subject property is located only a few minutes walk from the North/Clybourn station (CTA Redline) and many commercial and retail entities including REI, Whole Foods, Starbucks, Crate and Barrel, and Nordstrom Rack.
This neighborhood is extremely dense and affluent. There are 288,316 residents in a 2-mile radius with an average household income of $183,155. The subject property is located only a few minutes walk from the North/Clybourn station (CTA Redline) and many commercial and retail entities including REI, Whole Foods, Starbucks, Crate and Barrel, and Nordstrom Rack.
PROPERTY FACTS
| Sale Type | Investment or Owner Occupier | Net Internal Area (NIA) | 70,000 sq ft |
| Sale Condition | Redevelopment Project | No. Floors | 4 |
| Property Type | Industrial | Year Built | 1950 |
| Property Subtype | Manufacturing | Parking Allocation | 1.43/1,000 sq ft |
| Costar Property Class | C | No. Dock-High Doors/Loading | 4 |
| Total Plot Size | 1.96 ac | No. Drive In / Grade-Level Doors | 3 |
| Use Class | C3-5 - Commercial, Manufacturing and Employment District | ||
| Sale Type | Investment or Owner Occupier |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Costar Property Class | C |
| Total Plot Size | 1.96 ac |
| Net Internal Area (NIA) | 70,000 sq ft |
| No. Floors | 4 |
| Year Built | 1950 |
| Parking Allocation | 1.43/1,000 sq ft |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 3 |
| Use Class | C3-5 - Commercial, Manufacturing and Employment District |
AMENITIES
- Waterfront
PROPERTY TAXES
| Parcel Number | 17-05-216-001-0000 | Improvements Assessment | £66 |
| Land Assessment | £789,089 | Total Assessment | £789,155 |
PROPERTY TAXES
Parcel Number
17-05-216-001-0000
Land Assessment
£789,089
Improvements Assessment
£66
Total Assessment
£789,155
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