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$1,250,000
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Property Description
Renovated and re-imagined in 2024, this 10,500-square-foot brick and heavy timber flex building offers a modernized and adaptable space in one of Chicago's most vibrant neighborhoods. Positioned along the bustling and highly visible Western Avenue corridor at the nexus of West Town and the Kinzie Corridor, the property combines historic character with contemporary enhancements, creating an exceptional opportunity for owner-users or investors. The ground floor features 8,220 square feet of open warehouse space, boasting one drive-in-door: 11'2"H x 9'W, 75 feet of prime street frontage, and an abundance of natural light-perfect for seamless operations and a variety of commercial uses. Recently renovated, the second floor spans approximately 2,280 square feet and offers a blank canvas for customization, ideal for private offices or creative workspaces. With C1-2 zoning in place, the property offers significant redevelopment potential, including up to eight residential units with ground-floor commercial space. Updated in 2023 with a new TPO roof, tuckpointing, HVAC and distribution, second floor cosmetic upgrades. Situated along a major transit corridor and just steps from the Western Metra Station, the site qualifies for Transit Oriented Development (TOD), adding to its flexibility and broad appeal. Additionally, 526 N. Western Avenue offers seamless connectivity with its strategic location near downtown, major highways, and public transit options. Surrounded by thriving developments and featuring a versatile layout, this property presents a rare opportunity-whether you're looking to establish a headquarters, expand your portfolio, or pursue a transformative redevelopment project.
Full Property Details
Full Property Details for 526 N Western Ave
General
- Sold For: $1,250,000
- Taxes: $39,116 (2023)
- Status: Closed
- Type: Warehouse
- Source: MRED
- MLS ID: 12268293
- Added to Site: 352 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: West on Grand, South on Western
- Location Details: Downtown Chicago, Chicago West, Mixed-Use Area, Public Transport Avail, Freestanding/Urban, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Exhaust Fan
- Heating Type: Forced Air, Gas, Forced Air 90+
Structural Information
- Construction: Brick, Wood
- Exterior Const.: Brick, Wood
- Foundation: Concrete Perimeter
- Roof: Membrane, Rubber
- Drive-In Doors: 1
- # Loading Docks: 2
- Stories/Levels: 2
- Square Feet: 10,500
- Current Bldg. Use: Commercial
- Office: 1,800 Sq. Ft.
- Year Built: 1921
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 8,220
- Lot Dimensions: 109.5 x 75.4
- Frontage: City Street
- Potential Use: Commercial, Conditional Use, Condominium, Industrial, Office, Multi-Family, Retail
- Zoning: INDUS
Financial Considerations
- Lease Price: $20
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $50,000
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1921
- Tax Amount: $39,116
- Tax Year: 2023
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 16122180140000
Listed by Compass
Sold by Prodan Realty Inc
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Schools
Schools serving 526 N Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chopin Elementary School 2450 West Rice Street, Chicago, IL 60622 | PK-8 | 0.4 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 526 N Western Ave
Date
Details
Price
Change
Source
1/05/2026
Sold
$1,250,000
-10.65%
MLS
10/23/2025
Price Reduced
$1,399,000
-6.67%
MLS
8/12/2025
Price Reduced
$1,499,000
-3.29%
MLS
6/20/2025
Price Reduced
$1,550,000
-6.06%
MLS
4/15/2025
Price Reduced
$1,650,000
-8.33%
MLS
1/29/2025
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
526 N Western Avenue, Chicago, IL 60612 (MLS# 12268293) is a Warehouse property that was sold at $1,250,000 on January 05, 2026. Want to learn more about 526 N Western Avenue? Do you have questions about finding other Warehouse 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.

