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    5005 W 63Rd St Chicago, IL 60621

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    For Sale
    Contact for pricing

    17,200 SF flex building near Midway Airport for sale.

    Property size:
    17,200 SF
    Lot size:
    0.68 Acres

    Property Features for 5005 W 63Rd St

    General Information

    Size
    17,200 SF
    Lot size
    0.68 Acres

    Source: Matthews Real Estate Investment Services | Chicago Agent Matthew Ladd

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

    Overview

    Versatile Flex Space Near Airport

    This 17,200 square foot flex building is situated in a prime location directly across from Midway International Airport, an area characterized by high traffic and logistics activity. The property, suitable for industrial, retail, showroom, or service uses, sits on a 1.6-acre lot, offering additional income potential through parking or outdoor storage. The building will be delivered vacant, making it suitable for owner-users or investors planning to lease the space at market rates. Benefiting from immediate access to major expressways, including I-55 and I-294, the property is surrounded by industrial and commercial users, indicating consistent demand for well-located space near the airport. This presents a value-add opportunity through a lease-up strategy or potential redevelopment in a dense, transit-oriented corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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.

    Similar Places Nearby

    Sky Blue Catering Inc, Food Truck El Arandas Birrieria y Taqueria

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7475219
    Latitude
    41.7780532

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    FAQs

    What type of property is this?
    Flex space - 17,200 SF flex building near Midway Airport for sale.
    Where is this flex space located?
    The property is located at 5005 W 63Rd St Chicago, IL.
    What are key features of this property?
    This property features: - Prime Location: Directly across from Midway International Airport with immediate access to I-55 and I-294.; - Large Land Footprint: 1.6 acres provides additional income potential.; - Flex Building: 17,200 SF suitable for industrial, retail, showroom, or service uses.
    (773) 619-4527
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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
    5005 W 63Rd St Chicago, IL 60621
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