Avison Young has been selected to exclusively market 4545 N. Ravenswood Avenue, a newly constructed, 100% leased 24,331-square-foot Core office building located in Chicago’s Ravenswood neighborhood.
Similar to Fulton Market, the Ravenswood community has several new developments taking place to meet forecasted demands for additional office and housing supply needs in the North Chicago area. The neighborhood hosts a newly constructed Regional Metra Rail Station located 1.5 blocks north of the property which provides convenient access to the Central Business District as well as Chicago’s North Shore and South suburbs. In addition to the 32 indoor bike parking spaces on-site, the Montrose and Damen CTA stations are within walking distance from the property, providing easy access for commuters throughout the city.
Ravenswood is known for its eclectic craftsmanship charm, local breweries and family friendly dining options,” says JC Griffin, one of the brokers listing the property.
4545 N. Ravenswood Avenue sits conveniently between Wilson Avenue and Sunnyside Avenue and was re-zoned to C3-3 to accommodate the construction of the building’s nearly 80’ tall structure.
“The additional height provides unique visual identity in the community and allows for extra tall clear ceiling heights on each floor,” says Jim Hanson of Avison Young’s Capital Markets Group. “The modern design gives an enhanced feeling of openness throughout the tenant areas and has been pre-scored to allow for the easy future installation of additional windows on the north and south facades of the building on the 3rd and 4th floors, thus enhancing the light and air even further.”
“In addition to the building’s features, the location of this property is a true asset in-of itself,” added Jordan Mellovitz, another broker on the listing. “The stability of this location and the property’s proximity to transportation puts tenants in the community’s center hub for nightlife and growing tech-forward enterprises like Neon One” — the property’s current anchor tenant.
4545 N. Ravenswood is listed for sale at $10,500,000 by Avison Young’s Jim Hanson, JC Griffin and Jordan Mellovitz of Chicago’s Capital Markets Group.
