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    2424 South Wabash Ave Chicago, IL 60616

    For Lease
    Contact for pricing

    Industrial facility with paved, secured yard near McCormick Place.

    Property size:
    27,000 SF
    Lot size:
    27,000 SF

    Property Features for 2424 South Wabash Ave

    General Information

    Size
    27,000 SF

    Source: Terry Lynch, SIOR Agent Terry Lynch, SIOR

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

    Overview

    Industrial Service Facility with Yard

    This industrial service facility features a paved and secured yard. It is located two blocks from McCormick Place and offers immediate access to I-55, with frontage on I-55. The property is situated two miles south of Chicago's Central Business District and has zoning designation DS-3. The building includes two drive-in doors and one interior dock.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Herc Rentals Equipment Rental Agency Aaron Group Professional Services

    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.

    Similar Places Nearby

    Self-Storage at U-Haul, Self Storage, Your Storage Place, Life Storage, CubeSmart Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.625857
    Latitude
    41.8483127

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    FAQs

    What type of property is this?
    Warehouse - Industrial facility with paved, secured yard near McCormick Place.
    Where is this warehouse located?
    The property is located at 2424 South Wabash Ave Chicago, IL.
    What are key features of this property?
    This property features: - Immediate access to I-55; - Paved/secured yard; - Two blocks from McCormick Place
    (847) 271-7550
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    Chicago, IL 60616
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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
    2424 South Wabash Ave Chicago, IL 60616
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