Kinzie Corridor Flex/Industrial
548 N Sacramento Boulevard Chicago, IL 60612
548 N Sacramento Boulevard, Chicago, IL, 60612
$4,999,000
For Sale
$4,999,000
51,312 SF building in TIF, Enterprise, and Empowerment Zone.
Property Size51,312 SF
Lot Size1.00 Acre
Price / SF$97.42
Days on Market492
Property Features for 548 N Sacramento Boulevard
General Information
- Standard status
- Active
- Size
- 51,312 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agency
STRAUSS REALTY LTD
(773) 736-3600
Listed by
ADAM SCHNEIDERMAN · License #475149601
Source
Corcoran
Added: Mar 17, 2025 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:04AM
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.
Located in the Kinzie Industrial Corridor, this property offers 51,312 square feet of industrial, flex, and creative space on 43,683 square feet of land. The building, renovated in 2017, features a 14-foot clear ceiling height, three exterior docks, and four drive-in doors. HVAC is installed throughout most of the space. A rooftop provides city skyline views. The warehouse incorporates partial barrel-truss construction. The property is located in a TIF, Enterprise, and Empowerment Zone, approximately 10 minutes from downtown Chicago. Portions of the building are currently leased. It offers close proximity to I-94 and I-290.
Key Highlights
- 51,312 SF building in the Kinzie Industrial Corridor
- Located in a TIF, Enterprise, and Empowerment Zone, offering potential financial incentives
- Renovated in 2017, indicating modern updates
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 | $483.9k | $9.43 |
| − Vacancy | −$26.6k | −$0.52 |
| EGI | $457.3k | $8.91 |
| − OpEx | −$68.6k | −$1.34 |
| NOI | $388.7k | $7.57 |
51,312 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$8.46M
$7.40M – $9.87M
NOI $592,346 @ 7.0% cap · market cap 11.85%
Second Best
Warehouse
$5.55M
$4.86M – $6.48M
NOI $388,670 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$24.19M
$21.17M – $28.23M
NOI $1,693,542 @ 7.0% cap · market cap 33.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MK Films, Corp.
Film Production
Prysm Studios
Film Production
Todd Klein
Film Production
Similar For Sale Nearby
Similar Off Market Nearby
- Beyond Rice — 135 N Kedzie Ave, Chicago, IL 60612
- Fatso Hard Kitchen LLC — 135 N Kedzie Ave, Chicago, IL 60612
- Mother Prepper — 135 N Kedzie Ave, Chicago, IL 60612
- Works of Faith Catering LLC — 135 N Kedzie Ave, Chicago, IL 60612
- Latin Plate Catering & Events — 135 N Kedzie Ave, Chicago, IL 60612
FAQs
What type of property is this?
Flex space - 51,312 SF building in TIF, Enterprise, and Empowerment Zone.
Where is this flex space located?
The property is located at 548 N Sacramento Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: 51,312 SF building in the Kinzie Industrial Corridor; Located in a TIF, Enterprise, and Empowerment Zone, offering potential financial incentives; Renovated in 2017, indicating modern updates
