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    41,400 SF Warehouse Space Title is generated by Realmo AI

    3504-3516 N Kostner Ave, Chicago, IL

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    41,400 SF warehouse with loading docks and drive-in doors.

    Type:INDUSTRIAL
    Property size:
    20,700 SF
    Lot size:
    1.51 Acres
    Price / SF:
    $117/SF
    Added:
    Sep 24, 2024
    Days on Market:
    627
    Last Refresh:
    May 19 at 9:28 pm

    Property Features for 3504-3516 N Kostner Ave

    General Information

    Standard status
    Active
    Size
    20,700 SF
    Lot size
    1.51 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 3504-3516 N Kostner Ave Contact us

    We can help!

    Listing Contact
    Tim Newberg
    Tim Newberg

    Listing agent Tim Newberg

    Listing office CTK Chicago Partners | Chicago

    Listing date Sep 24, 2024

    Source Moodyscre

    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 CTK Chicago Partners | Chicago

    HighLights

    • Close proximity to major highway
    • 41,400 square feet of space
    • Features 600‑800AMP, 3 phase power
    • Benefit from five drive‑in doors
    • Exterior loading dock available
    • Freight elevator on site

    Overview

    This property features 41,400 square feet of warehouse space. It includes five drive-in doors and an exterior loading dock. A freight elevator is also present. The electrical capacity is 600-800 AMP, 3 Phase Power. The location offers close proximity to a major highway.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $195.2k $9.43
    − Vacancy −$10.7k −$0.52
    EGI $184.5k $8.91
    − OpEx −$27.7k −$1.34
    NOI $156.8k $7.57
    20,700 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.24M
    $1.96M – $2.61M (±1% cap)
    NOI $156,795 @ 7.0% cap · market cap 6.44%
    Second Best
    Industrial
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,809 @ 7.0% cap · market cap 5.33%
    Theoretical Best
    Office A
    $9.76M
    $8.54M – $11.39M (±1% cap)
    NOI $683,199 @ 7.0% cap · market cap 28.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

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    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7375
    Latitude
    41.9446

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    FAQs

    What type of property is this?
    Warehouse - 41,400 SF warehouse with loading docks and drive-in doors.
    Where is this warehouse located?
    The property is located at 3504-3516 N Kostner Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,435,000.
    What are key features of this property?
    This property features: Close proximity to major highway; 41,400 square feet of space; Features 600‑800AMP, 3 phase power
    (312) 399-0770 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Newberg
    Tim Newberg
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