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Chicago Industrial Space Near Airport
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5230 South Cicero Avenue, Chicago, IL 60638

710,245 SF industrial space near Midway Airport.

Space Size187,590 SF - 382,245 SF
Days on Market295

Property Features for 5230 South Cicero Avenue

General Information

Standard status Active
Size 187,590 SF - 382,245 SF
Property subtype Industrial

Spaces For Lease

at 5230 South Cicero Avenue Contact us

Option B - 187,590 SF

Size
187,590 SF
Type
Industrial
Availability
Available
187,590 SF 18'0" clear 8 exterior docks 17 box truck loading docks 40' x 40' and...
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Option A - 194,655 SF

Size
194,655 SF
Type
Industrial
Availability
Available
194,655 SF 18'0" clear 23 exterior docks 40' x 40' and 40' x 34' bays
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382,245 SF - Full Space Plan & Specs

Size
382,245 SF
Type
Industrial
Availability
Available
382,245 SF 1,404 SF office 18'0" clear 36 exterior docks 1 drive in door 200 car...
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Listing Agency: CBRE | Chicago
Listed By: Colin Green, SIOR
Source: Cbre
Added: Nov 22, 2025 Changed: Sep 5 Last Checked: Sep 13 at 5:45AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

Available for lease is a 710,245 square foot industrial space, divisible to 77,120 square feet, located within Midway Business Center. The space includes approximately 1,404 square feet of existing office space. It features an 18'0" clear ceiling height, 102 exterior docks, and bay sizes of 40' x 40' and 40' x 34'. Parking is available with 200 car spots, expandable to 350, and 75 trailer stalls. A sprinkler system is in place. The building is professionally managed. The property is located next to Midway International Airport and minutes from I-55. A bus stop is directly in front of the building, and it is within walking distance to the CTA Orange Line stop. The location is surrounded by retail amenities and is 10 miles from the Loop. The property is located in Chicago's 23rd Ward and is zoned M2-1.

Key Highlights

  • 710,245 SF industrial space, divisible to 77,120 SF
  • Prime location next to Midway International Airport and minutes from I‑55
  • Features 102 exterior docks and 75 trailer stalls

Property Analytics

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Current Use

OLIMP Warehouse & Storage Unilogic Warehouse & Storage Tesla Destination Charger Electric Vehicle Charging Station

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Building Supply Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

676
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60638, IL

56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$12.52 /SF/Yr
Avg Asking Price
$5.5–$24 /SF/Yr
Price Range
74,652 SF
Avg Space Size

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - 710,245 SF industrial space near Midway Airport.
Where is this warehouse located?
The property is located at 5230 South Cicero Avenue Chicago, IL.
What are key features of this property?
This property features: 710,245 SF industrial space, divisible to 77,120 SF; Prime location next to Midway International Airport and minutes from I‑55; Features 102 exterior docks and 75 trailer stalls
More about this property
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