Partially Two-Story
For Sale
Contact for pricing
4701-4715 N Lamon Ave, Chicago, IL 60630
Partially two-story warehouse with recessed interior docks, drive-in doors, freight elevator, and fully sprinklered improvements.
Property Size41,432 SF
Price / SF$96.52
Days on Market580
Property Features for 4701-4715 N Lamon Ave
General Information
Standard status
Active
Size
41,432 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
2
Sprinkler System
Yes
Amenities
freight elevator
24/7 access
skylights
onsite parking
Building Details
Stories
2
Listing Agency:
Strauss Realty, Ltd.
(773) 736-3600
Listed By:
Craig Wolf · License #475163046
(847) 989-9653
Source:
Moodyscre
Added: Mar 4, 2025
Changed: Oct 4
Last Checked: Oct 4 at 6:49AM
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 partially two-story warehouse includes 2 interior recessed loading docks and 2 drive-in doors, designed for efficient freight handling. The building is fully sprinklered and features skylights throughout for natural light. Additional operational improvements include a freight elevator located across from the loading area. The space has been updated with new LED lighting, new windows, new bathrooms, a new roof, and new electric service fully distributed within the space.
Access is available 24/7/365 and is controlled via Brivo. Parking is available onsite, along with an abundance of street parking to support daily operations and deliveries.
Access is available 24/7/365 and is controlled via Brivo. Parking is available onsite, along with an abundance of street parking to support daily operations and deliveries.
Key Highlights
- Partial two‑story warehouse with 2 interior recessed docks and 2 drive‑in doors
- Fully sprinklered building with new LED lights and skylights throughout
- Recent updates include new windows, bathrooms, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$313,833
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,276,660
$6.3M
Cap Rate 7%
$4,483,329
$4.5M
Cap Rate 9%
$3,487,033
$3.5M
Market Conditions
NOI Build-Up for 41,432 SF
Gross rent
$390.7K $9.43/SF
− Vacancy
−$21.5K −$0.52/SF
EGI
$369.2K $8.91/SF
− OpEx
−$55.4K −$1.34/SF
NOI
$313.8K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,276,660
Cap Rate 7%
$4,483,329
Cap Rate 9%
$3,487,033
Alternative Uses
Best Use
Warehouse
$4.48M
$3.92M – $5.23M
NOI $313,833 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.54M
$17.09M – $22.79M
NOI $1,367,455 @ 7.0% cap · market cap 34.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,703
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Warehouse - Partially two-story warehouse with recessed interior docks, drive-in doors, freight elevator, and fully sprinklered improvements.
Where is this warehouse located?
The property is located at 4701-4715 N Lamon Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Partial two‑story warehouse with 2 interior recessed docks and 2 drive‑in doors; Fully sprinklered building with new LED lights and skylights throughout; Recent updates include new windows, bathrooms, and roof
