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    1616 W Glenlake Ave Chicago, IL 60660

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    For Sale
    Contact for pricing

    Industrial infill location ideal for redevelopment in Chicago's Edgewater neighborhood.

    Property size:
    10,400 SF
    Lot size:
    0.33 Acres

    Property Features for 1616 W Glenlake Ave

    General Information

    Size
    10,400 SF
    Lot size
    0.33 Acres

    Source: Cabanban Rubin & Mayberry LLC Agent Todd J. Cabanban

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

    Overview

    Edgewater Industrial Infill Opportunity

    This industrial property is located in the Edgewater neighborhood of Chicago, offering an infill location suitable for various purposes. The former printing shop is ideal for light industrial use, last-mile warehouse and distribution, or commercial and residential redevelopment. The location provides close proximity to Lake Shore Drive and excellent access to public transportation. Approximately 20,000 vehicles per day pass the property along Clark Street. The daytime population in the area is 31,870, indicating a significant employment base. The median household income within 1.5 miles is $59,545. The property offers a rare opportunity for many types of businesses centrally located on the north side of the city. The property size is 10,400 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Public Storage, Public Storage, Extra Space Storage, Life Storage, Midwest Archive Retrieval Services

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6709794
    Latitude
    41.9931143

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    FAQs

    What type of property is this?
    Warehouse - Industrial infill location ideal for redevelopment in Chicago's Edgewater neighborhood.
    Where is this warehouse located?
    The property is located at 1616 W Glenlake Ave Chicago, IL.
    What are key features of this property?
    This property features: - Prime industrial infill location in Edgewater, Chicago.; - Excellent access to public transportation and close proximity to Lake Shore Drive.; - Suitable for light industrial, "last mile" warehouse/distribution, or commercial/residential redevelopment.
    (312) 477-0330
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    1616 W Glenlake Ave Chicago, IL 60660
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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
    1616 W Glenlake Ave Chicago, IL 60660
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