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$3,500,000
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Property Description
Welcome to 2054-2058 W Grand Ave in the heart of Chicago's vibrant West Town neighborhood. This exceptional live / work space was designed by renowned Chicago architects UrbanLab and has been featured in Dwell magazine. The property spans 3 prime Chicago lots (2 PINS), with the main building being constructed of prefabricated concrete wall panels. The prefab concrete offers structure and insulation while providing a simple, clean and sustainable design. Built in 2013 as an FDA-approved food production facility with a ground floor storefront and restaurant for street visibility and a large area with 24' ceiling height for processing and warehousing. The first floor has ample floor drains and polished concrete floors, providing endless possibilities for food and beverage production, a luxurious garage, furniture design or art fabrication / display (to suggest a few ideas). It also features 3 different commercial kitchen prep spaces with multiple exhaust hoods, ADA required bathrooms, a staff / break room, 2 mechanical rooms, 800 AMP electrical service, and a staging area with overhead doors for shipping & receiving. The building design does allow for all of the rooms to be cleared, leaving only 2 centrally located columns, should that be of interest to the next occupant. The second floor has an office space with a conference room and two private offices as well as a few mechanical rooms and additional warehousing / processing space, which can be accessed through a safety gate from the first floor with a forklift. The top floor is a gorgeous 2 bedroom, 2 bathroom apartment with floor to ceiling windows, and a massive roof deck with unobstructed views of the Chicago skyline. Expertly appointed with high end appliances like a Wolf range, Bosch refrigerator and dishwasher, Duravit sinks and toilets and Axor fixtures. The primary bathroom also features a steam shower and an oversized bathtub set in a quartz and tile surround. There's a formal living room, dining room / flex space and a private roof deck, which is accessible from all of the main spaces in the home. Each level of the building is accessible via a Schindler hydraulic passenger elevator with separate keyed access for floors 2 & 3 and 2 stairwells. The two adjacent properties to the east (2050 and 2048 W Grand Ave) include a simple frame two unit dwelling and a vacant lot that's currently used as an urban garden. These can be included as part of the package for an additional $1,000,000.00. These parcels protect your view but could be repurposed to expand the footprint of the existing commercial or residential space. There's parking here for over 6 cars, 3 Forced air RTUs with AC and 2 water heaters for the building (one for the first floor, the other for the third floor) all 12 years old. There is a Generac natural gas-powered generator that supports a mixture of breakers on floors 1-3, but not the entire building. The first floor has 10+ ceiling-integrated speakers with 4+ zones that have wall-mounted volume controls. The building has new electronic access alarm system with remote access and indoor / outdoor camera surveillance system with remote access (both installed Jan 2025). 3 of 5 exterior doors have electric strike system and Cat-5 wiring throughout most areas of all floors. Some or all of the restaurant fixtures /equipment could be included or excluded based on buyer's preference. Seller plans to leave the majority of restaurant equipment, including the range. The exhaust hoods will remain with the building. There is an 8' hood in the main retail / kitchen area and approx. an 18' hood and make up air hood in the rear kitchen. Many more thoughtful details that make this an exceptional property to both work and live!
Full Property Details
Full Property Details for 2054 W Grand Ave
General
- Price: $3,500,000
- Taxes: $25,686 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12505696
- Updated: 12/2/2025
- Added to Site: 159 day(s) ago
Interior
- Interior Features: Common Lunchroom(s), Common Meeting Room(s), Freight Elevator(s), Accessible Entrance, Accessible Washroom/s, Heavy Floor Load, Storage Inside
- Flooring: Concrete
Additional Information
- Security/Safety: Other
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Grand to Hoyne. On the corner of Grand and Hoyne.
- Location Details: East/West Corridor, Downtown Chicago, Chicago North, Chicago West, Chicago Northwest, Central Business District, Corner, Mixed-Use Area, Public Transport Avail, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Concrete, Precast
- Exterior Const.: Concrete, Precast
- Roof: Membrane, Metal
- Loading: Drive-In Doors
- Sub-Flooring: Concrete
- Stories/Levels: 3
- Square Feet: 9,363
- Current Bldg. Use: Commercial, Other
- # of Stores: 1
- Year Built: 2013
Unit Information
- # Tenants: 1
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 6,912
- Lot Dimensions: 72 x 92
- Frontage: City Street
- Potential Use: Commercial, Condominium, Office, Multi-Family, Single Family, Retail, Other
- Zoning: COMMR
Financial Considerations
- Security Deposit: Other
- Assessment Year: 2013
- Tax Amount: $25,686
- Tax Year: 2023
Disclosures and Reports
- Property ID: 17071240170000
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Schools
Schools serving 2054 W Grand Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Talcott Elementary School 1840 West Ohio Street, Chicago, IL 60622 | K-8 | 0.3 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2054 W Grand Ave
Date
Details
Price
Change
Source
10/28/2025
Listed
$3,500,000
498.29%
MLS
12/20/2005
Sold
$585,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2054 W Grand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,973
3%
$75,477
—
2022
$15,524
-59%
$75,477
-60%
2021
$37,944
45%
$188,693
61%
2020
$26,188
11%
$117,556
—
2019
$23,618
2%
$117,556
—
2018
$23,221
17%
$117,556
27%
2017
$19,892
7%
$92,404
—
2016
$18,507
9%
$92,404
—
2015
$16,933
29%
$92,404
30%
2014
$13,171
79%
$70,990
75%
2013
$7,364
447%
$40,492
439%
2012
$1,347
—
$7,507
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2054 W Grand Ave
2054 W Grand Avenue, Chicago, IL 60612 (MLS# 12505696) is a Commercial property. 2054 W Grand Avenue is currently listed for $3,500,000 and was received on October 28, 2025. Want to learn more about 2054 W Grand Avenue? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.

