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    1319-1321 W Lake St Chicago, IL 60661

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    For Lease
    $11,500 /Mo ($19 SF/Yr)

    7,000 SF industrial space with kitchen and expressway access.

    Property size:
    7,000 SF
    Lot size:
    0.21 Acres

    Property Features for 1319-1321 W Lake St

    General Information

    Size
    7,000 SF
    Lot size
    0.21 Acres

    Source: CTK Chicago Partners | Chicago Agent Dominic “Nick” Saraceno

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

    Overview

    West Lake Street Industrial Space

    This property features 7,000 square feet of space on the first floor, complemented by a 560 square foot office on the second floor. It includes refrigeration, two commercial hoods, and three interior docks equipped with hydraulic levelers. The property also has a triple catch basin and floor drains. An extra-wide overhead door, measuring 15 feet high by 34 feet wide, facilitates truck access. Immediate expressway access and proximity to CTA trains enhance the location's convenience. The property is located on West Lake Street in Chicago, IL.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.659505
    Latitude
    41.885115

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    FAQs

    What type of property is this?
    Industrial property - 7,000 SF industrial space with kitchen and expressway access.
    Where is this industrial property located?
    The property is located at 1319-1321 W Lake St Chicago, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - 7,000 SF on the first floor.; - Refrigeration in place.; - Two commercial hoods.
    (847) 331-1339
    Request Owner's contact information
    1319-1321 W Lake St Chicago, IL 60661
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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
    1319-1321 W Lake St Chicago, IL 60661
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