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    8338 Austin Ave Morton Grove, IL 60053

    For Lease
    $8 SF/Yr

    47,355 SF Morton Grove property for lease.

    Property size:
    47,355 SF
    Lot size:
    5.46 Acres

    Property Features for 8338 Austin Ave

    General Information

    Size
    47,355 SF
    Lot size
    5.46 Acres

    Source: Strauss Realty, Ltd. Agent Adam Schneiderman

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

    Overview

    Morton Grove Office/Warehouse Space

    This property offers 13,260 square feet of open office space, break rooms, and conference rooms. Up to 34,095 square feet of warehouse space is available; currently, 35,000 square feet is configured as office space for a call center. The property features modern amenities and heavy parking, accommodating up to 71 spaces. The column spacing measures 50x25, and the ceiling height is 14 feet clear.
    Insight Report Location Intelligence

    Current Use by Public Records

    Keenpac Distribution Service Tyree & Clouse Law ... Medical Lawyer SPC Purchasing Government Office Integrated Merchandising Solutions ... Business To Business Service Bunzl Retail Services Distribution Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    Life Storage, Chicago Professional Movers

    Location Insight

    • Map
    • Local Demand
    City
    Morton Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.776897
    Latitude
    42.0330292

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    FAQs

    What type of property is this?
    Warehouse - 47,355 SF Morton Grove property for lease.
    Where is this warehouse located?
    The property is located at 8338 Austin Ave Morton Grove, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - 13,260 SF of **large, flexible open office space** with potential for up to 34,095 SF of warehouse space.; - Benefit from **ample parking** with up to 71 spaces available.; - Modern amenities.
    (847) 826-4467
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    8338 Austin Ave Morton Grove, IL 60053
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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
    8338 Austin Ave Morton Grove, IL 60053
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