Versatile Industrial Property in West
11607-11621 S Green Street Chicago, IL 60643
11607-11621 S Green Street, Chicago, IL, 60643
$1,000,000
For Sale
$1,000,000
Industrial property in Chicago's West Pullman neighborhood, ideal for operations.
Property Size8,525 SF
Lot Size1.18 Acres
Price / SF$117.30
Days on Market216
Property Features for 11607-11621 S Green Street
General Information
- Standard status
- Active
- Size
- 8,525 SF
- Lot size
- 1.18 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing agency
ALLURE REAL ESTATE
(312) 772-2820
Listed by
ADAM LENCHNER · License #475191332
Source
Corcoran
Added: Dec 19, 2025 Updated: Jul 10 at 3:47PM Checked: Jul 22 at 8:58AM
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 ALLURE REAL ESTATE
Investment Insights
Based on property information with market context.
Located at 11629 S Green Street in Chicago's West Pullman neighborhood, this owner-occupied industrial property is zoned M2-1 Light Industry District, confirming its existing legal use. The one-story masonry industrial building, constructed around 1956, contains approximately 8,525 square feet of above-grade area and is in average overall condition, based on a September 16, 2024, inspection. Well-suited for light industrial operations, the building features approximately 18-foot clear ceilings in the shop area, two overhead doors, and ceiling-hung heat. A small office component includes gas forced air, central air conditioning, a kitchen, and two bathrooms. The improvements are situated on a generally rectangular parcel totaling approximately 51,563 square feet (about 1.18 acres), featuring a fully fenced yard suitable for outdoor storage or secure parking. The property is located on the west side of Green Street, a secondary thoroughfare. Primary vehicular access is provided via Interstate 57 at 119th Street, with local access from Halsted Street through 116th or 117th Streets. All typical utilities, including water, sewer, gas, and electricity, are available to the site. According to the FEMA map dated August 19, 2008, the property is in Zone X, indicating minimal flood risk. The West Pullman industrial market is considered stable, with a positive long-term outlook and values expected to trend modestly upward.
Key Highlights
- 1.18 Acre Fenced Yard: Substantial lot size (51,563 sq ft) with full fencing, ideal for outdoor storage or secure parking.
- M2‑1 Zoning: Legally zoned for light industrial use, confirming existing operations are compliant.
- 18 Foot Clear Ceilings: High ceilings in the shop area accommodate various industrial activities.
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 | $80.4k | $9.43 |
| − Vacancy | −$4.4k | −$0.52 |
| EGI | $76.0k | $8.91 |
| − OpEx | −$11.4k | −$1.34 |
| NOI | $64.6k | $7.57 |
8,525 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$922.5K
$807.2K – $1.08M
NOI $64,574 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,366 @ 7.0% cap · market cap 28.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Industrial property in Chicago's West Pullman neighborhood, ideal for operations.
Where is this manufacturing property located?
The property is located at 11607-11621 S Green Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1.18 Acre Fenced Yard: Substantial lot size (51,563 sq ft) with full fencing, ideal for outdoor storage or secure parking.; M2‑1 Zoning: Legally zoned for light industrial use, confirming existing operations are compliant.; 18 Foot Clear Ceilings: High ceilings in the shop area accommodate various industrial activities.
