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    977 West Cermak Road Chicago, IL 60608 Chicago, IL 60608

    Sponsored
    For Lease
    Contact for pricing

    9.64 Acres: Build-to-Suit Opportunity

    Lot size:
    419,918 SF

    Description

    Added:
    Jan 29, 2025
    Days on Market:
    347
    This exceptional 9.64-acre industrial site in Chicago's vibrant Pilsen neighborhood presents a rare opportunity for outside storage, parking, or build-to-suit development. The property boasts a 35,000 square foot existing building featuring 18-foot clear ceilings, 12 exterior docks (with expansion potential), and one drive-in door (also expandable). Ample parking is available with 641 car spaces (expandable to 733) and 280 trailer stalls (expandable to 355). The site is fully fenced and secured, offering peace of mind. Its strategic location provides easy access to a robust labor pool and public transportation, including proximity to the CTA Halsted Orange Line (two blocks away) and major expressways (I-90 and I-55). Multiple retail amenities are within walking distance, and the Chicago central business district is just 1.95 miles away. The property is zoned PD 1176 and offers the flexibility to accommodate a variety of industrial uses, including customization of the existing building to meet specific tenant requirements. This is a truly unique opportunity to secure a prime industrial location in a rapidly developing area.

    Property Features for 977 West Cermak Road Chicago, IL 60608

    General Information

    Property type
    Industrial land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    419,918 SF
    Elevators
    N/A

    HighLights

    • 9.64 acres available for lease in Chicago's Pilsen neighborhood.
    • Existing 35,000 SF building with 18' clear ceilings and ample dock/parking space.
    • Convenient location near I‑90, I‑55, public transit, and a strong labor pool.
    Location Intelligence

    Current Use by Public Records

    South River Park Warehouse Meade Electric Co Electrician

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    State
    Illinois
    Longitude
    -87.650711
    Latitude
    41.850368

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    FAQs

    What type of property is this?
    Industrial land - 9.64 Acres: Build-to-Suit Opportunity
    Where is this industrial land located?
    The property is located at 977 West Cermak Road Chicago, IL 60608 Chicago, IL.
    What are key features of this property?
    This property features: 9.64 acres available for lease in Chicago's Pilsen neighborhood.; Existing 35,000 SF building with 18' clear ceilings and ample dock/parking space.; Convenient location near I-90, I-55, public transit, and a strong labor pool.
    (312) 334-7202
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    977 West Cermak Road Chicago, IL 60608 Chicago, IL 60608
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    977 West Cermak Road Chicago, IL 60608 Chicago, IL 60608
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