Mixed-Use
ABM Industries (NYSE: ABM) - New 7 Yr Lease Extension
1438 W Lake St, Chicago, IL 60607
Listing Price: $1,680,000
Investment Overview
ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. ABM’s 100,000+ team members deliver essential services that make spaces cleaner, safer, and more efficient, enhancing the overall occupant experience. ABM’s supports 19 diverse industries, serving six billion square feet of space every day.
Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan and expands over a 5,000-square-mile region in northeastern Illinois, extending into Wisconsin and Indiana. The metro houses 9.4 million people and comprises 14 counties.
ABM Industries (NYSE: ABM) - New 7 Yr Lease Extension
Investment Highlights
- Tenant Recently Exercised a Seven-Year Lease Renewal, Showing Commitment to the Site
- Three Percent Annual Rental Increases with One, Five-Year Renewal Option Remaining
- Tenant Has Operated at the Site for Over 13 Years (Since 2013)
- Flex Warehouse/Office Space in the Heart of Downtown Chicago
- ABM (NYSE: ABM) is a Leading Fortune 500 Facility Solutions Provider - the Company Reported Record 2025 Revenue of $8.7 Billion
- Daytime Population of 125,592 People and Average Household Income of $163,000 within a One-Mile Radius
- Easily Accessible Location, in Close Proximity to Interstates 90 and 290, the "L" Chicago Train Line and the Metra Commuter Rail
- Situated Just North of Illinois Medical District and University Village, Home to Rush University, University of Illinois Chicago, and University of Illinois College of Medicine
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
Listing Price: $1,680,000
Investment Highlights
- Tenant Recently Exercised a Seven-Year Lease Renewal, Showing Commitment to the Site
- Three Percent Annual Rental Increases with One, Five-Year Renewal Option Remaining
- Tenant Has Operated at the Site for Over 13 Years (Since 2013)
- Flex Warehouse/Office Space in the Heart of Downtown Chicago
- ABM (NYSE: ABM) is a Leading Fortune 500 Facility Solutions Provider - the Company Reported Record 2025 Revenue of $8.7 Billion
- Daytime Population of 125,592 People and Average Household Income of $163,000 within a One-Mile Radius
- Easily Accessible Location, in Close Proximity to Interstates 90 and 290, the "L" Chicago Train Line and the Metra Commuter Rail
- Situated Just North of Illinois Medical District and University Village, Home to Rush University, University of Illinois Chicago, and University of Illinois College of Medicine
Investment Overview
ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. ABM’s 100,000+ team members deliver essential services that make spaces cleaner, safer, and more efficient, enhancing the overall occupant experience. ABM’s supports 19 diverse industries, serving six billion square feet of space every day. Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan and expands over a 5,000-square-mile region in northeastern Illinois, extending into Wisconsin and Indiana. The metro houses 9.4 million people and comprises 14 counties.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
