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    5447 N Wolcott Ave Chicago, IL 60640

    For Lease
    $20 SF/Yr

    20,000 SF warehouse divisible into two 10,000 SF spaces.

    Property Features for 5447 N Wolcott Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1990

    Source: DAVID L. GASSMAN Agent DAVID GASSMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Warehouse in Ravenswood Area

    A versatile commercial warehouse is available for lease in the Ravenswood Area (Bowmanville). The total area is 20,000 square feet, divisible into two 10,000 square foot spaces. The warehouse has 15-foot ceilings and 30 feet between columns. There is an office/reception area at the front of the building, right off of Wolcott Avenue, which opens up to an all-purpose area with multiple entrances. The property includes an adjacent parking lot of approximately 6,000 square feet and two truck-level loading docks. The zoning is M2-2. The property will be available for occupancy starting August 1, 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hanmi Inc Oriental Goods Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Aquaman Marine, Honore Storage, Foster-Ravenswood Self Storage, Windy City Movers

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6759426
    Latitude
    41.9812447

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    FAQs

    What type of property is this?
    Warehouse - 20,000 SF warehouse divisible into two 10,000 SF spaces.
    Where is this warehouse located?
    The property is located at 5447 N Wolcott Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - 20,000 SQFT divisible into two 10,000 SF spaces; - Adjacent 6,000 SF parking lot; - Two truck level loading docks for easy loading
    (773) 665-0103
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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
    5447 N Wolcott Ave Chicago, IL 60640
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