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Chicago Warehouse/Light Industrial Building

4535 W Addison Street Chicago, IL 60641

Claim this Listing
For Sale
$1,099,000

COMMERCIAL - Chicago, IL

Property size:
11,000 SF
Price / SF:
$99/SF
Added:
Sep 10, 2025
Days on Market:
306
Last Refresh:
Jul 12 at 2:06 am

Property Features for 4535 W Addison Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
MANUF
Standard status
Active
APN
13223040500000
Size
11,000 SF

Taxes and HOA fees

Tax Year
2023
Tax Annual Amount
29966

Building Details

Year built
1954
Floors in Building
1
Building materials
Brick

Listing agent Mark Ahmad License #471007186

Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL

Listing date Sep 10, 2025

MLS# 12466316

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 versatile warehouse/light industrial building is located in a prime Irving Park/North Center location, situated between Pulaski Rd. and Cicero Ave. The property offers approximately 11,000 square feet of total building area, including 3,500 square feet of built-out office space. It features two overhead doors, one on the side and one at the rear, facilitating convenient loading and unloading. The property also includes two restrooms. Its M1-1 zoning allows for a wide range of commercial and light industrial uses. The location is near major retailers, restaurants, services, and amenities, and is within walking distance of public transportation. It provides quick access to I-90/94, Lake Shore Drive, and O'Hare International Airport. The property is suitable for manufacturing, distribution, logistics, creative workspace, or flex uses. The location is centrally positioned, providing efficient access to Chicago and its surrounding suburbs. The property is well-served by the CTA Blue and Brown Lines, providing excellent transit access to downtown and the greater Chicago area.

Key Highlights

  • Prime Irving Park/North Center location with excellent access to downtown Chicago and surrounding suburbs.
  • Versatile M1‑1 zoning allows for a wide range of commercial/light industrial uses.
  • Approximately 11,000 Sq. Ft. total building area with 3,500 Sq. Ft. of built‑out office space.

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 $103.7k $9.43
− Vacancy −$5.7k −$0.52
EGI $98.0k $8.91
− OpEx −$14.7k −$1.34
NOI $83.3k $7.57
11,000 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use
Flex RnD
$1.81M
$1.59M – $2.12M (±1% cap)
NOI $126,984 @ 7.0% cap · market cap 11.55%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M (±1% cap)
NOI $83,321 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$5.19M
$4.54M – $6.05M (±1% cap)
NOI $363,053 @ 7.0% cap · market cap 33.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Global Choices Inc. Big Box & Wholesale Store acceleria consulting | where ... Consultant

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic Hotel & Motel Nursing Home Bed & Breakfast Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Professional Wait Staffing Services — 4836 W Irving Park Rd, Chicago, IL 60641
  • Alltimate Catering — 3051 N Cicero Ave, Chicago, IL 60641
  • T&W Solutions LLC — 4042 N Pulaski Rd STE 1, Chicago, IL 60641
  • Best Catering — 3576 N Milwaukee Ave, Chicago, IL 60641
  • Sabroso Catering — 4026 N Milwaukee Ave, Chicago, IL 60641

FAQs

What type of property is this?
Flex space - Versatile commercial building in prime location with excellent transit access.
Where is this flex space located?
The property is located at 4535 W Addison Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Prime Irving Park/North Center location with excellent access to downtown Chicago and surrounding suburbs.; Versatile M1‑1 zoning allows for a wide range of commercial/light industrial uses.; Approximately 11,000 Sq. Ft. total building area with **3,500 Sq. Ft. of built‑out office space**.
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