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    1933 N Springfield Ave Chicago, IL 60624

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    For Sale
    $7,500,000

    Flexible industrial property featuring loading docks, drive-in doors, and elevator.

    Property size:
    147,000 SF
    Lot size:
    1.07 Acres

    Property Features for 1933 N Springfield Ave

    General Information

    Size
    147,000 SF
    Lot size
    1.07 Acres

    Source: Strauss Realty, Ltd. Agent Adam Schneiderman

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

    Overview

    Adaptable Industrial Space with Loading

    This industrial property offers a flexible tenant mix with both short and long-term leases. It features four interior loading areas, including two levelers, and six drive-in doors that mostly open directly into tenant spaces. A 10,000 lb freight elevator provides access between floors. The building incorporates high ceilings, with 17 feet on the first floor, 14 feet on the second floor, and 10 feet in the lower level. Large windows and skylights provide natural light. Newer electric, water, and gas utilities are in place, and multiple units are equipped with newer HVAC systems. On-site management is available, and tenants benefit from 24/7 access. The property has a total size of 147,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant 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

    So Soulful Eatery, Catering Out the Box Llc

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7237326
    Latitude
    41.9159388

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    FAQs

    What type of property is this?
    Flex space - Flexible industrial property featuring loading docks, drive-in doors, and elevator.
    Where is this flex space located?
    The property is located at 1933 N Springfield Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Flexible tenant mix with short and long-term leases; - 4 interior loading areas with 2 levelers; - 6 drive-in doors (most opening directly into tenant spaces)
    (847) 826-4467
    Request Owner's contact information
    1933 N Springfield Ave Chicago, IL 60624
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    Chicago, IL 60624
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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
    1933 N Springfield Ave Chicago, IL 60624
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