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    5489-5575 S Archer Ave Chicago, IL 60638

    For Lease
    $4 SF/Yr

    Warehouse space near Midway Airport with convenient transportation access.

    Property size:
    187,590 SF
    Lot size:
    39.69 Acres

    Property Features for 5489-5575 S Archer Ave

    General Information

    Size
    187,590 SF
    Lot size
    39.69 Acres

    Source: CBRE | Chicago Agent Colin Green, SIOR

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

    Overview

    Chicago Warehouse Near Midway Airport

    This warehouse and distribution property, encompassing 187590 square feet, is located next door to Midway International Airport and is just minutes from I-55, approximately 10 miles from the Loop. The location offers convenient access to transportation, with a bus stop situated in front of the building and the CTA Orange Line within walking distance. The property benefits from a sprinkler system and is professionally managed. Multiple retail amenities are located in the immediate area.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    Shipping & Receiving Cas Dol Irs Ssa, HPI, Self-Storage at U-Haul, Silva 24Hr Towing Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.746552
    Latitude
    41.79667

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    FAQs

    What type of property is this?
    Warehouse - Warehouse space near Midway Airport with convenient transportation access.
    Where is this warehouse located?
    The property is located at 5489-5575 S Archer Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location next to Midway International Airport.; - Easy access to transportation: bus stop in front of the building and walking distance to CTA Orange Line.; - Proximity to I-55 and 10 miles to the Loop.
    (312) 935-1400
    Request Owner's contact information
    5489-5575 S Archer Ave 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
    5489-5575 S Archer Ave Chicago, IL 60638
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