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    1438-1440 W Lake St Chicago, IL 60607

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    For Sale
    Contact for pricing

    Flex/industrial/loft-office building with warehouse and office space for sale.

    Property size:
    8,000 SF
    Lot size:
    0.14 Acres

    Property Features for 1438-1440 W Lake St

    General Information

    Size
    8,000 SF
    Lot size
    0.14 Acres

    Source: CRE Advising Agent Steve Horvath

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

    Overview

    West Lake Street Flex Building

    This flex/industrial/loft-office building presents a great investment opportunity. The property features a large first-floor warehouse space complemented by additional second-floor office space. The building is zoned PMD-4B. The 2023 taxes were $53,030. The building boasts tall ceilings, tons of natural light, and three overhead drive-in doors. The lower West roof is 7 years into a 10-year warranty, and the upper East roof is 7 years into a 15-year warranty. The basement has had small concrete reinforcement. A new North side masonry wall and new exterior lighting have been installed off Lake Street. The property size is 8000 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Entertaining Company, Blue Plate, Occasions Chicago, Boutique Bites, Butter and Vine

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6639206
    Latitude
    41.8856331

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    FAQs

    What type of property is this?
    Flex space - Flex/industrial/loft-office building with warehouse and office space for sale.
    Where is this flex space located?
    The property is located at 1438-1440 W Lake St Chicago, IL.
    What are key features of this property?
    This property features: - Large first-floor warehouse space with additional second-floor office space offers flexible usage.; - Building features **tall ceilings and abundant natural light**.; - Includes **three overhead drive-in doors for convenient access.**
    (312) 448-6401
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    1438-1440 W Lake St Chicago, IL 60607
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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
    1438-1440 W Lake St Chicago, IL 60607
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