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    3023 W Ohio St Chicago, IL 60612

    For Sale
    $4,999,000

    51,312 SF industrial/flex building near downtown Chicago.

    Property size:
    51,312 SF
    Lot size:
    0.47 Acres

    Property Features for 3023 W Ohio St

    General Information

    Size
    51,312 SF
    Lot size
    0.47 Acres

    Source: Strauss Realty, Ltd. Agent Adam Schneiderman

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

    Overview

    Kinzie Corridor Flex Building

    This 51,312 square foot industrial, creative, and flex building is located in the Kinzie Industrial Corridor, approximately 10 minutes from downtown Chicago. Situated at Ohio and Sacramento, directly across from Goose Island Barrel Warehouse, the property benefits from its location in TIF, Enterprise, and Empowerment Zones. The building features a 14-foot clear ceiling height, 3 exterior docks, and 4 drive-in doors. HVAC is installed throughout most of the space. The property was renovated in 2017 and includes a rooftop with city skyline views. The warehouse incorporates partial barrel-truss construction. Portions of the building are currently leased.
    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

    Big Delicious Planet's Canteen, Katr2U, Neal's Gourmet Catering, Mac Dynamite, Rowan Catering

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7033305
    Latitude
    41.8916555

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    FAQs

    What type of property is this?
    Flex space - 51,312 SF industrial/flex building near downtown Chicago.
    Where is this flex space located?
    The property is located at 3023 W Ohio St Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,999,000.
    What are key features of this property?
    This property features: - 51,312 SF industrial/creative/flex building in Kinzie Industrial Corridor.; - Prime location: just 10 minutes from downtown Chicago, across from Goose Island Barrel Warehouse.; - Located in TIF, Enterprise, and Empowerment Zones.
    (847) 826-4467
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    3023 W Ohio St Chicago, IL 60612
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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
    3023 W Ohio St Chicago, IL 60612
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