Four-Lot Industrial Land with
3709 W Armitage Avenue Chicago, IL 60647
3709 W Armitage Avenue, Chicago, IL, 60647
$999,999
For Sale
$999,999
LAND - Chicago, IL
Property Size5,800 SF
Price / SF$172.41
Days on Market24
Property Features for 3709 W Armitage Avenue
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- MULTI
- Standard status
- Active
- APN
- 13353040060000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 34072
Utilities
- Utilities
- Water Available
- Heating system
- Steam
Listing agency
Compass
(773) 466-7150
Listed by
Wilfredo Aguilar Jr · License #475103536
Added: Jun 29 Checked: Jul 22 at 1:06PM
MLS# 12691297
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents a 4-lot parcel with one existing warehouse totaling 5,800 square feet, featuring a barrel truss roof. The overall site measures 100 by 125 feet, providing a substantial footprint for an operator or developer to plan around the existing structure and lot configuration. The property is being marketed as a land play while retaining the value of the current warehouse improvement.
The property is located at 3709 W Armitage Avenue in Chicago, IL 60647. Public remarks indicate the site is close to the 606, with that connection described as being down the street on Lawndale Avenue.
Zoned B3-1, the site allows mixed-use options, which can be helpful for buyers evaluating redevelopment, repositioning, or continued use of the existing warehouse within the parameters of the zoning. For tenants and buyers looking for an industrial-scale parcel that includes an in-place building, this property offers a practical starting point: preserve and operate the warehouse, or use the existing improvement as part of a broader plan for the 4-lot land footprint.
The property is located at 3709 W Armitage Avenue in Chicago, IL 60647. Public remarks indicate the site is close to the 606, with that connection described as being down the street on Lawndale Avenue.
Zoned B3-1, the site allows mixed-use options, which can be helpful for buyers evaluating redevelopment, repositioning, or continued use of the existing warehouse within the parameters of the zoning. For tenants and buyers looking for an industrial-scale parcel that includes an in-place building, this property offers a practical starting point: preserve and operate the warehouse, or use the existing improvement as part of a broader plan for the 4-lot land footprint.
Key Highlights
- 4‑lot parcel with one existing 5,800 SF warehouse building
- Warehouse has a barrel truss roof
- Site measures 100 x 125 ft
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.7k | $9.43 |
| − Vacancy | −$3.0k | −$0.52 |
| EGI | $51.7k | $8.91 |
| − OpEx | −$7.8k | −$1.34 |
| NOI | $43.9k | $7.57 |
5,800 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$627.6K
$549.2K – $732.2K
NOI $43,933 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,428 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Firma Auto Construction
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Life Storage — 4014 W Grand Ave, Chicago, IL 60651
- Chicago Industrial Corridor — 2410 N Pulaski Rd, Chicago, IL 60639
- Self-Storage at U-Haul — 4100 W Fullerton Ave, Chicago, IL 60639
- One Stop Self Storage — 1750 N Lawndale Ave, Chicago, IL 60647
FAQs
What type of property is this?
Warehouse - Sale includes a 4-lot parcel and an existing warehouse on a 100-by-125 site zoned B3-1 for mixed use.
Where is this warehouse located?
The property is located at 3709 W Armitage Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 4‑lot parcel with one existing 5,800 SF warehouse building; Warehouse has a barrel truss roof; Site measures 100 x 125 ft
