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    4700 Proviso Dr Melrose Park, IL 60163

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    For Lease
    Contact for pricing

    Industrial property for lease with active rail access.

    Property size:
    624,672 SF
    Lot size:
    624,672 SF

    Property Features for 4700 Proviso Dr

    General Information

    Size
    624,672 SF

    Source: Jason Lev Agent Jason Lev

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

    Overview

    Industrial Space with Rail Access

    Available for lease is an industrial property offering spaces ranging from 155,000 square feet to 624,672 square feet. The property features active dual rail access with Union Pacific. It is located at the corner of Proviso Drive and Mannheim Road (Route 45).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grand Warehouse Shopping Mall

    Suggested Use

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

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

    Similar Places Nearby

    Metro Self Storage, Grand Warehouse, Self-Storage at U-Haul, Diversified Entities, LLC, Metro Self Storage - Northlake

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.892933
    Latitude
    41.892601

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    FAQs

    What type of property is this?
    Warehouse - Industrial property for lease with active rail access.
    Where is this warehouse located?
    The property is located at 4700 Proviso Dr Melrose Park, IL.
    What are key features of this property?
    This property features: - 624,672 SF available for lease.; - Active dual rail with Union Pacific.; - 155,000 SF available for lease.
    (847) 706-4044
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    4700 Proviso Dr Melrose Park, IL 60163
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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
    4700 Proviso Dr Melrose Park, IL 60163
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