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Renovated Warehouse in Chicago

1253 W 47th St, Chicago, IL 60609

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For Sale

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Renovated 9,500 SF commercial warehouse near I-90/94.

Type:Industrial

Property size:

9,500 SF

Price / SF:

$115/SF

HighLights

Renovated 9,500 sq ft freestanding commercial warehouse.
Accessible to I‑90/94 and I‑55.
Benefit from two drive‑in doors on separate roads.
Enjoy a high 30' clear height ceiling.
Located near industrial and residential neighborhoods.
Two CTA bus stops within one block; CTA Red Line one mile away.

We can help!

Contact an agent

Dominick Cannata

For Sale

Contact for pricing

Renovated 9,500 SF commercial warehouse near I-90/94.

Type:Industrial

Property size:

9,500 SF

Price / SF:

$115/SF

Added:: Mar 4, 2026
Days on Market:: 121
Last Refresh:: Mar 16 at 2:36 pm

Property Features for 1253 W 47th St

General Information

Standard status: Active
Size: 9,500 SF
Property subtype: Industrial

We can help!

Contact an agent

Dominick Cannata

Listing office Brookline Real Estate

Listing date Mar 4, 2026

Source Crexi

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 Brookline Real Estate

HighLights

Renovated 9,500 sq ft freestanding commercial warehouse.
Accessible to I‑90/94 and I‑55.
Benefit from two drive‑in doors on separate roads.
Enjoy a high 30' clear height ceiling.
Located near industrial and residential neighborhoods.
Two CTA bus stops within one block; CTA Red Line one mile away.

Overview

A renovated commercial warehouse property is available in Chicago's New City neighborhood. The 9,500 square-foot freestanding building is located on 47th Street near I-90/94 and is accessible to both I-90 and I-55. The property has been renovated with freshly painted facades, lighting, new offices, and bathrooms. The building features two drive-in-doors on separate roads and a 30' clear height ceiling. Two CTA bus stops are within one block, and the CTA Red Line is one mile away. Situated among industrial and residential neighborhoods with access to all transit, the property offers owner-user or investment potential.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$89.6k	$9.43
− Vacancy	−$4.9k	−$0.52
EGI	$84.7k	$8.91
− OpEx	−$12.7k	−$1.34
NOI	$72.0k	$7.57

9,500 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.03M

$899.5K – $1.20M (±1% cap)

NOI $71,959 @ 7.0% cap · market cap 6.54%

Second Best

Industrial

$851.1K

$744.7K – $992.9K (±1% cap)

NOI $59,574 @ 7.0% cap · market cap 5.42%

Theoretical Best

Office A

$4.48M

$3.92M – $5.23M (±1% cap)

NOI $313,546 @ 7.0% cap · market cap 28.50%

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

Property Profile Location Intelligence

Current Use by Public Records

A/J Custom Designs ... (Bike/Boat/Book/etc) Store Throop Auto Repair Auto Repair Shop

Suggested Use

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Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6574261
Latitude: 41.8084496

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For sale
Warehouses
IL
Chicago
60609
1253 W 47th St

What type of property is this?

Warehouse - Renovated 9,500 SF commercial warehouse near I-90/94.

Where is this warehouse located?

The property is located at 1253 W 47th St Chicago, IL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Renovated 9,500 sq ft freestanding commercial warehouse.; Accessible to I‑90/94 and I‑55.; Benefit from **two drive‑in doors** on separate roads.

1253 W 47th St, Chicago, IL 60609

Renovated 9,500 SF commercial warehouse near I-90/94.

Property Features for 1253 W 47th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Convenience Store Retail Building with Parking

Chicago Commercial Buildings For Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

Corner Retail Suite in New Elevator Building

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