22,500 SF Warehouse For
For Sale
Contact for pricing
4507-4529 N Kedzie Ave, Chicago, IL
22,500 SF building with over 11,000 SF parking.
Property Size22,500 SF
Lot Size0.65 Acres
Price / SF$133.29
Days on Market924
Property Features for 4507-4529 N Kedzie Ave
General Information
Standard status
Active
Size
22,500 SF
Lot size
0.65 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Strauss Realty, Ltd.
(773) 736-3600
Listed By:
Adam Schneiderman · License #475149601
(847) 826-4467
Source:
Moodyscre
Added: Mar 26, 2024
Changed: Aug 8
Last Checked: Aug 25 at 4:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Strauss Realty, Ltd.
Investment Insights
Based on property information with market context.
This property features a 22,500 square foot building situated on a 28,125 square foot site. The site dimensions are 225 feet by 125 feet. The property includes over 11,000 square feet of parking space. Located in Chicago, IL, the property is suitable for warehouse or industrial use.
Key Highlights
- Substantial 22,500 SF building size.
- Large 28,125 SF land area.
- Ample parking with over 11,000 SF dedicated to parking space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,430
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,600
$3.4M
Cap Rate 7%
$2,434,714
$2.4M
Cap Rate 9%
$1,893,667
$1.9M
Market Conditions
NOI Build-Up for 22,500 SF
Gross rent
$212.2K $9.43/SF
− Vacancy
−$11.7K −$0.52/SF
EGI
$200.5K $8.91/SF
− OpEx
−$30.1K −$1.34/SF
NOI
$170.4K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,600
Cap Rate 7%
$2,434,714
Cap Rate 9%
$1,893,667
Alternative Uses
Best Use
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,430 @ 7.0% cap · market cap 5.68%
Second Best
Industrial
$2.02M
$1.76M – $2.35M
NOI $141,096 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$10.61M
$9.28M – $12.38M
NOI $742,608 @ 7.0% cap · market cap 24.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Warehouse - 22,500 SF building with over 11,000 SF parking.
Where is this warehouse located?
The property is located at 4507-4529 N Kedzie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Substantial 22,500 SF building size.; Large 28,125 SF land area.; Ample parking with over 11,000 SF dedicated to parking space.
