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    7424 S Lockwood Ave Chicago, IL 60638

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    For Sale
    Contact for pricing

    84,461 SF manufacturing/warehouse building with cooler/refrigerator space.

    Property size:
    84,461 SF
    Lot size:
    2.89 Acres

    Property Features for 7424 S Lockwood Ave

    General Information

    Size
    84,461 SF
    Lot size
    2.89 Acres

    Source: Binswanger - Corporate Agent Zachary (Zach) Binswanger

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

    Overview

    84,461 SF Manufacturing/Warehouse Facility

    This 84,461 square foot building offers approximately 9,000 square feet of office space and 14,880 square feet of cooler/refrigerator space with a temperature range of 32° - 45°. The property is situated on a 2.93-acre lot. Constructed with 6-inch reinforced concrete floors, concrete/cylinder block walls, and an asphalt built-up roof system, the building features 18-foot ceiling heights and column spacing of 28 feet by 44 feet. It includes six interior loading docks with levelers, T8 and LED lighting, and a 3000A / 277-480V, 3-phase power supply from ComEd. The HVAC system is fully temperature controlled, utilizing an R-448A/R-449A/R-507 system, and heating is provided by a steam boiler. Water is supplied by a 10-inch main infeed from the Village of Bedford Park, while sewer services are provided by a 6-inch main from Metropolitan Water Reclamation. Natural gas is supplied by Nicor. The property also includes two Sullair compressed air systems and a wet fire protection system. There are 80 surface parking spaces available. Zoned L1 for light manufacturing, the property is equipped with security features by Imperial, floor drains, and security cameras, alarms and fobs. It is food-grade certified and includes a cafeteria/breakroom.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.75472
    Latitude
    41.757768

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    FAQs

    What type of property is this?
    Manufacturing property - 84,461 SF manufacturing/warehouse building with cooler/refrigerator space.
    Where is this manufacturing property located?
    The property is located at 7424 S Lockwood Ave Chicago, IL.
    What are key features of this property?
    This property features: - **Large cooler/refrigerator space: 14,880 SF with temperature range of 32° - 45°**; - Significant power supply: 3000A / 277-480V, 3 Phase, supplied by ComEd; - Fully temperature controlled HVAC system with R-448A/R-449A/R-507
    (215) 919-0724
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    7424 S Lockwood Ave Chicago, IL 60638
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    Chicago, IL 60638
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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
    7424 S Lockwood Ave Chicago, IL 60638
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