SVN | Chicago Commercial has completed the sale of a two-story industrial building at 3450 N. Kostner Avenue in Chicago, marking a new owner-user acquisition in the city’s infill industrial landscape. The asset totals 18,000 square feet and traded for $1,430,000, according to the brokerage. The industrial property combines functional building characteristics with a location that offers strong regional connectivity.
Industrial Advisor Tim Newberg of SVN | Chicago Commercial represented the seller in the transaction. The buyer is a Canadian millwork company that acquired the asset to support its expansion into the Chicago market. By purchasing the building rather than leasing, the company gains control of a facility that can immediately support its manufacturing and operational requirements.
The building is configured across two stories and is described as offering high ceilings and heavy power, attributes that are well suited to manufacturing and other power-intensive industrial uses. The property also provides functional loading, an important consideration for users that rely on efficient movement of materials and finished goods. These physical characteristics position the asset to accommodate a range of production and distribution activities.
Location was also highlighted as a key component of the asset’s appeal. The property offers convenient access to major expressways as well as public transportation, providing connectivity for employees, suppliers, and customers. This combination of infill positioning and transportation access is increasingly sought after by industrial users who need to balance operational efficiency with access to labor and end markets.
Commenting on the transaction, Newberg noted that infill industrial assets with heavy power, functional loading, and strong transportation access continue to draw significant demand. He added that properties with these characteristics are becoming more difficult to replace, which enhances their appeal to owner-users targeting long-term operational stability. The transaction at 3450 N. Kostner Avenue is presented as an example of this dynamic, with the buyer securing a facility that can directly support its manufacturing and growth objectives in the Chicago area.
Overall, the sale underscores continued demand for functional, well-located industrial facilities in Chicago, particularly among owner-users that prioritize immediate usability and infrastructure over speculative repositioning. With supply of comparable infill assets described as increasingly constrained, similar properties may remain competitive in attracting expansion-minded industrial occupiers.
