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    4437-4447 W Rice St Chicago, IL 60651

    For Sale
    $1,150,000

    Free-standing manufacturing warehouse in Chicago's Northwest Industrial Corridor.

    Property size:
    21,978 SF

    Property Features for 4437-4447 W Rice St

    General Information

    Size
    21,978 SF

    Building Details

    Year built
    1942

    Source: David Pernice Agent David Pernice

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

    Overview

    Manufacturing Warehouse in Industrial Corridor

    This free-standing manufacturing warehouse is located in Chicago's Northwest Industrial Corridor, offering versatility and functionality for a wide array of industrial uses. The expansive layout and flexible floor plan provide ample space for various manufacturing processes and warehousing. The strategic location provides access to major transportation arteries, including I-90 and I-290, facilitating connectivity for shipping and distribution. The property is positioned within close proximity to Chicago Avenue and major highways. It is located in the vibrant West Humboldt Park neighborhood, just 10-15 minutes from both I-90 and I-290, and a 20-minute drive from the Chicago Central Business District. The property is near the recently constructed Chicago Police and Fire Academies' 600,000 Sq. Ft. facility. The property benefits from $235,000 of recent capital improvements. A complete new roof is planned for Summer 2025, and a new boiler/heat system is planned for Winter 2025. The property is a functional manufacturing facility with heavy power. It is located in an Opportunity Zone and Enterprise Zone. Public transportation is available via the Chicago Ave. Bus Route. The zoning is PMD 9.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7374422
    Latitude
    41.8958559

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    FAQs

    What type of property is this?
    Manufacturing property - Free-standing manufacturing warehouse in Chicago's Northwest Industrial Corridor.
    Where is this manufacturing property located?
    The property is located at 4437-4447 W Rice St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Strategic location in Chicago's Northwest Industrial Corridor with immediate access to I-90 and I-290.; - Recent capital improvements totaling $235,000, including a complete new roof and new boiler/heat system (both installed in 2025).; - Functional manufacturing facility with heavy power.
    (312) 607-3300
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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
    4437-4447 W Rice St Chicago, IL 60651
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