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    1931 W Lake St Chicago, IL 60661

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    For Lease
    $20 SF/Yr ($15,416 /Mo)

    Warehouse in Kinzie Corridor, near United Center and CTA stop.

    Property size:
    9,250 SF
    Lot size:
    0.22 Acres

    Property Features for 1931 W Lake St

    General Information

    Size
    9,250 SF
    Lot size
    0.22 Acres

    Source: CTK Chicago Partners | Chicago Agent Howard Caplan

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

    Overview

    Kinzie Corridor Warehouse Opportunity

    This 9,250-square-foot warehouse is located in the Kinzie Corridor, two blocks from the United Center. The property is situated in an Illinois Opportunity Zone. The structure features a truss roof section and a functional basement, with a sandblasted interior. The property is approximately one-half block from a new CTA train stop at Lake & Damen, which is currently under construction and expected to be completed in 2022. The property can be renovated to suit.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    Public Storage, The BSC Group, LLC, Bounce Luggage Storage - Chicago Union Station, Near-By Storage Units, Radical Storage - Luggage Storage Union Station [Book Online]

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6755621
    Latitude
    41.8847448

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    FAQs

    What type of property is this?
    Warehouse - Warehouse in Kinzie Corridor, near United Center and CTA stop.
    Where is this warehouse located?
    The property is located at 1931 W Lake St Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Outstanding location in the Kinzie Corridor.; - Approximately 1/2 block from new CTA train stop at Lake & Damen (under construction, expected to be complete in 2022).; - In an Illinois Opportunity Zone.
    (847) 814-6579
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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
    1931 W Lake St Chicago, IL 60661
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