Transit-Oriented Development
For Sale
Contact for pricing
1000 W Thorndale Ave, Chicago, IL 60660
For-sale development site with B3-5 zoning and FAR 5.0, totaling 15,290 SF.
Property Size15,290 SF
Lot Size0.35 Acres
Price / SF$359.71
Days on Market220
Property Features for 1000 W Thorndale Ave
General Information
Standard status
Active
Size
15,290 SF
Lot size
0.35 Acres
Property subtype
Land, Mixed Use, Multifamily, Retail
Zoning
B3-5
Site & Location
Neighborhood
North Side
Listing Agency:
Chicago-Coldwell Banker Commercial NRT
Listed By:
Michael Kang · License #IL 475163662
Source:
Crexi
Added: Mar 19
Changed: Oct 5
Last Checked: Oct 23 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago-Coldwell Banker Commercial NRT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale transit-oriented development site is listed with B3-5 zoning and a FAR of 5.0, with a total size of 15,290 SF.
The property is identified as 1000 W Thorndale Ave in Chicago, Illinois 60660.
No additional improvements, building details, or tenant information were provided in the listing remarks.
The property is identified as 1000 W Thorndale Ave in Chicago, Illinois 60660.
No additional improvements, building details, or tenant information were provided in the listing remarks.
Key Highlights
- Transit‑oriented development site
- B3‑5 zoning
- FAR 5.0
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,383
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,687,660
$4.7M
Cap Rate 7%
$3,348,329
$3.3M
Cap Rate 9%
$2,604,256
$2.6M
Market Conditions
NOI Build-Up for 15,290 SF
Gross rent
$449.5K $29.40/SF
− Vacancy
−$23.4K −$1.53/SF
EGI
$426.2K $27.87/SF
− OpEx
−$191.8K −$12.54/SF
NOI
$234.4K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,687,660
Cap Rate 7%
$3,348,329
Cap Rate 9%
$2,604,256
Alternative Uses
Best Use
Apartment 5plus
$3.35M
$2.93M – $3.91M
NOI $234,383 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$3.02M
$2.64M – $3.53M
NOI $211,534 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$7.21M
$6.31M – $8.41M
NOI $504,643 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - For-sale development site with B3-5 zoning and FAR 5.0, totaling 15,290 SF.
Where is this apartment building located?
The property is located at 1000 W Thorndale Ave Chicago, IL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Transit‑oriented development site; B3‑5 zoning; FAR 5.0
