2054 W Grand Avenue Chicago, IL $ 3,500,000
2054 W Grand Avenue
$ 3,500,000
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2054 W Grand Avenue

Chicago, IL, 60612
$ 3,500,000
Bedrooms-- Baths-- Sq 9,363
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Property for Rent in Chicago, IL

for $3,500,000. This 9,363 square foot property was built in 2013 on a lot size of 0.158678.

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!

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Rental Active

Price

$ 3,500,000

Taxes

$ 25,686

Style

Commercial

Lot Size

0.158678

Year Built

2013

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12505696

Features
General
Cooling Central Air
Possession Closing
Roof Membrane Metal
Zoning COMMR
Construction Materials Concrete Pre-cast
Year Built 2013
Electric Circuit Breakers Over 600 Amps Other
Stories Count 3
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial Other
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Condominium Office Multi-Family Single Family Retail Other
Status Active
Directions Grand to Hoyne. On the corner of Grand and Hoyne.
City Chicago
Number Of Units Total 3
MLS Area CHI - West Town
Lot Size Square Feet 6912
Tax Annual Amount 25686
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Lease Type N/A
Standard Status Active
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Interior
Flooring Concrete
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Exterior
Building Area Total 9363
Lot Dimensions 72x92
Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

kat.barry@compass.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2025$3,500,000 Listed Price

Map


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2054 W Grand Avenue, Chicago, IL, 60612 is a Property for Rent at $3,500,000 with 9,363 sqft and a lot size of 0.158678. 2054 W Grand Avenue was built in 2013. The property's zip code is 60612 which is in Chicago, IL