1237 W Division Street — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Chicago, IL 60642

Description

1237 W. Division is the region’s first multistory logistics facility. Situated downtown in Chicago’s Goose Island neighborhood, the project is the foremost distribution location serving ~$2 billion in ecommerce customers within a 5-mile radius. Set to deliver Q3 2024, 1237 W. Division provides unparalleled operational efficiency featuring: • ~1.2MM SF • 1,590 auto parking stalls or 763 van parking stalls • Full 135-foot 1st and 2nd floor truck courts • 36-foot clear heights • Separate truck and passenger vehicle access points • Operational efficiency featuring 9,200 amps of power & ESFR • Enterprise Zone: Sales tax abatement on building materials • 6B tax incentive

Market Context

This industrial in Chicago, IL is listed for lease. Compare it against other industrial listings for lease in Chicago, IL — view the full market.

As of Q2 2026, the Chicago industrial market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

Is the Chicago industrial market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$0.52/SF/mo – $0.71/SF/mo

Mid: $0.62/SF/mo

Based on comparable properties in similar markets rather than local sales.

Contact

Explore this market

Similar Industrial Property for Lease in Chicago, IL