Luster Products Stockyards Facility — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Chicago, IL 60609
  • Year built: 1990

Description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1104 West 43rd Street in Chicago, Illinois, currently occupied by the owner, Luster Products, Inc. Built in 1990 by the owner, the subject property consists of approximately 197,400 square feet of specialized manufacturing space and is situated on 10.68 acres of land. The single-tenant asset features a clear height of 30’, 12 dock-high doors, two grade-level doors, and a new TPO roof installed in 2022. Situated on the same block as the stone entrance to the historical Union Stock Yards, the property has excellent proximity to major thoroughfares with Interstates 90/94 and 55 sitting two miles away. Luster Products, the world’s leading African-American-owned manufacturer of premium personal hair care products, plans to vacate the property upon closing. This sale offers owner-users and investors a rare opportunity to acquire an infill specialized facility in the Stock Yards. The equipment that will be available as part of the sale allows for the immediate continued use of property in producing hair care products by the seller’s direct competitors or third-party (contract) manufacturers. Other than traditional industrial uses, the property has multiple adaptive capabilities that include the production of beauty and food products, cold storage, and a variety of liquid production uses due to the equipment on site. Given that the property is located in Chicago’s Enterprise Zone Two, buyers have access to multiple tax exemptions such as real estate transfer, building materials sales, and equipment sales. The subject property sits within South Chicago, one of the largest industrial submarkets in the nation with over 121 million square feet. Due to the lack of available space, the inventory has remained relatively fixed yet demolitions have outpaced new construction over the last two decades. In 2024, the vacancy rate in South Chicago bucked the national trend, falling slightly to 4.8

Market Context

This industrial in Chicago, IL is listed for sale. The building dates to 1990. It has been on the market for 101 days. Compare it against other industrial listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago industrial market showed rents up 4.3% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Contact

Explore this market

Similar Industrial Property for Sale in Chicago, IL