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    1854 W Grand Ave Chicago, IL 60622

    For Sale
    $799,000

    Two adjacent industrial buildings totaling 6,726 SF on 4,799+ SF land.

    Property Features for 1854 W Grand Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1879

    Source: COLDWELL BANKER REALTY Agent BRUCE HELLER

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

    Overview

    Industrial Buildings with Development Potential

    Two adjacent industrial buildings, suitable for developers, galleries, or contractors, are available for purchase. The buildings offer a combined area of 6,726 square feet and feature ceiling heights exceeding 13 feet. The layout includes multiple display rooms or offices, with an interior connection between the two structures. The building at 1854 W Grand Avenue has a partial, unfinished second floor that could be converted into additional interior space with the addition of a new stairwell. There are also two soundproof music studios and a partially constructed, but incomplete, studio. The building at 1856 W Grand Avenue includes an 8 ft x 8.5 ft loading door, while the building at 1854 W Grand Avenue has a 7.5 x 7.5 loading dock door located at the rear. The property is equipped with 200 AMP service. The land site encompasses over 4,799 square feet and is zoned M1-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6741313
    Latitude
    41.8910954

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    FAQs

    What type of property is this?
    Industrial property - Two adjacent industrial buildings totaling 6,726 SF on 4,799+ SF land.
    Where is this industrial property located?
    The property is located at 1854 W Grand Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Two adjacent industrial buildings totaling 6,726 SF.; - M1-2 Zoning on a 4,799+ SF land site.; - High ceilings (over 13 ft).
    Request Owner's contact information
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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
    1854 W Grand Ave Chicago, IL 60622
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