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    4835-4849 W Grand Ave Chicago, IL 60611

    For Sale
    $1,875,000

    40,000 SF industrial building in major Chicago corridor.

    Property size:
    40,000 SF
    Lot size:
    0.33 Acres

    Property Features for 4835-4849 W Grand Ave

    General Information

    Size
    40,000 SF
    Lot size
    0.33 Acres

    Source: Strauss Realty, Ltd. Agent Adam Schneiderman

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

    Overview

    Industrial Building in Chicago Corridor

    This 40,000 SF building, renovated in 2020, is located in a major industrial corridor of Chicago, with access to a large pool of qualified labor. The property is conveniently located one block from the Metra Station at Grand and offers easy access to I-90. The space features an 18-foot ceiling, two drive-in doors, and one dock. It is suitable for industrial warehouse or distribution use. The property is zoned for self-storage and cannabis businesses and can be fully sprinklered (wet).
    Location Intelligence

    Current Use by Public Records

    Warehouses

    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

    Safeguard Self Storage, Self-Storage at U-Haul, Jack Storage Units - Cheap Self Storage Near You, Life Storage, Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7473722
    Latitude
    41.9140461

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    FAQs

    What type of property is this?
    Warehouse - 40,000 SF industrial building in major Chicago corridor.
    Where is this warehouse located?
    The property is located at 4835-4849 W Grand Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: - Convenient location: 1 block to Metra Station and easy access to I-90.; - Rare **18' ceiling height.**; - Zoned for self-storage and cannabis businesses.
    (847) 826-4467
    Request Owner's contact information
    4835-4849 W Grand Ave Chicago, IL 60611
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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
    4835-4849 W Grand Ave Chicago, IL 60611
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