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    3501 W 48Th Pl Chicago, IL 60609

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    For Sale
    $9,200,000

    142,000 SF renovated industrial building with ample parking.

    Property size:
    142,000 SF
    Lot size:
    4.14 Acres

    Property Features for 3501 W 48Th Pl

    General Information

    Size
    142,000 SF
    Lot size
    4.14 Acres

    Source: CTK Chicago Partners | Chicago Agent Howard Caplan

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

    Overview

    Renovated Multi-Tenant Industrial Building

    This industrial building presents an investment opportunity. The recently renovated, multi-tenant building offers 112,000 square feet of space, complemented by a 30,000-square-foot lower level that is currently rented. The property features ample on-site and street parking. It is situated in a private industrial park, characterized by wide streets that facilitate convenient truck access.
    Insight Report Location Intelligence

    Current Use by Public Records

    Windy City Engine ... Auto Machine Shop SGA Youth & Family ... Non-Profit Organization ATM Atm Silver Spoon Desserts Dessert Shop Home Smart Mall ... Kitchen Remodeler

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7119189
    Latitude
    41.8053215

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    FAQs

    What type of property is this?
    Industrial property - 142,000 SF renovated industrial building with ample parking.
    Where is this industrial property located?
    The property is located at 3501 W 48Th Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $9,200,000.
    What are key features of this property?
    This property features: - Investment opportunity in a recently renovated, multi-tenant industrial building.; - Building size: 112,000 sq. ft. plus a 30,000 sq. ft. rented lower level.; - Ample on-site and street parking available.
    (847) 814-6579
    Request Owner's contact information
    3501 W 48Th Pl Chicago, IL 60609
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    Chicago, IL 60609
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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
    3501 W 48Th Pl Chicago, IL 60609
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