Flex/Commercial Warehouse
4444 N Elston Avenue Chicago, IL 60630
4444 N Elston Avenue, Chicago, IL, 60630
$999,000
For Sale
$999,000
Flex/commercial warehouse with clear-span interior, office area, and a 100-foot frontage along Elston Avenue.
Property Size12,500 SF
Price / SF$79.92
Days on Market522
Property Features for 4444 N Elston Avenue
General Information
- Standard status
- Active
- Size
- 12,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing agency
Strauss Realty Ltd
(773) 736-3600
Listed by
Dale Strauss · License #471007335
Source
Xome
Added: Feb 15, 2025 Updated: Jul 22 at 12:14AM Checked: Jul 22 at 12:14AM
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.
This flex/commercial warehouse building offers a versatile clear-span layout with high ceilings, an office area, and skylit interior space. The structure includes one overhead drive-in door and one interior truck-level dock, supported by a distinctive roof system and large industrial skylights.
The property is located with approximately 100 feet of frontage along Elston Avenue. It is zoned C1-1 and positioned for strong visibility within a commercial corridor, with highway access noted in the remarks.
For tenants and buyers seeking adaptable space, the combination of clear-span configuration, dock and drive-in capabilities, and existing office area supports a range of industrial, warehouse, or creative commercial uses as described.
The property is located with approximately 100 feet of frontage along Elston Avenue. It is zoned C1-1 and positioned for strong visibility within a commercial corridor, with highway access noted in the remarks.
For tenants and buyers seeking adaptable space, the combination of clear-span configuration, dock and drive-in capabilities, and existing office area supports a range of industrial, warehouse, or creative commercial uses as described.
Key Highlights
- 12,500 SF flex/commercial building with a versatile clear‑span layout and high ceilings
- C1‑1 zoning with 100 ft of frontage along Elston Avenue
- Clear‑span interior with 1 office area for added functional space
Local Financial Insights For Industrial
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 | $117.9k | $9.43 |
| − Vacancy | −$5.9k | −$0.47 |
| EGI | $112.0k | $8.96 |
| − OpEx | −$33.6k | −$2.69 |
| NOI | $78.4k | $6.27 |
12,500 SF · lease $9.43/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$2.06M
$1.80M – $2.41M
NOI $144,300 @ 7.0% cap · market cap 14.44%
Second Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,683 @ 7.0% cap · market cap 9.48%
Theoretical Best
Office A
$5.89M
$5.16M – $6.88M
NOI $412,560 @ 7.0% cap · market cap 41.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alenco Tool Supply ...
Factory
Similar For Sale Nearby
Similar Off Market Nearby
- Cassava Empanadas — 3929 N Central Park Ave, Chicago, IL 60618
- T&W Solutions LLC — 4042 N Pulaski Rd STE 1, Chicago, IL 60641
- Wisepak Foods LLC — 4225 N Pulaski Rd, Chicago, IL 60641
- letuscater — 4425 W Montrose Ave # 7, Chicago, IL 60641
- Shmeal — 3823 N Monticello Ave, Chicago, IL 60618
FAQs
What type of property is this?
Flex space - Flex/commercial warehouse with clear-span interior, office area, and a 100-foot frontage along Elston Avenue.
Where is this flex space located?
The property is located at 4444 N Elston Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 12,500 SF flex/commercial building with a versatile clear‑span layout and high ceilings; C1‑1 zoning with 100 ft of frontage along Elston Avenue; Clear‑span interior with 1 office area for added functional space
