Self Storage
For Sale
Contact for pricing
6542 N Clark St, Chicago, IL 60626
For sale self-storage building with warehouse-style space totaling 44,220 square feet.
Property Size44,220 SF
Price / SF$231.80
Days on Market569
Property Features for 6542 N Clark St
General Information
Standard status
Active
Size
44,220 SF
Property subtype
INDUSTRIAL
Listing Agency:
33 Realty
(773) 245-0587
Listed By:
Sean Connelly
Source:
Moodyscre
Added: Jan 17, 2025
Changed: Jul 29
Last Checked: Aug 9 at 10:28AM
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 33 Realty
Investment Insights
Based on property information with market context.
This property is a self-storage building offered for sale, configured to support storage use within warehouse-style space. Total size is 44,220 square feet.
The asset is located at 6542 N Clark St in Chicago, Illinois.
The asset is located at 6542 N Clark St in Chicago, Illinois.
Key Highlights
- For sale self‑storage building with 44,220 SF of warehouse‑style storage space
- Building described as a self‑storage property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$414,536
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,290,720
$8.3M
Cap Rate 7%
$5,921,943
$5.9M
Cap Rate 9%
$4,605,956
$4.6M
Market Conditions
NOI Build-Up for 44,220 SF
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.
Gross rent
$636.8K $14.40/SF
− Vacancy
−$44.6K −$1.01/SF
EGI
$592.2K $13.39/SF
− OpEx
−$177.7K −$4.02/SF
NOI
$414.5K $9.37/SF
Area
Chicago, IL
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,290,720
Cap Rate 7%
$5,921,943
Cap Rate 9%
$4,605,956
Alternative Uses
Best Use
Self Storage
$5.92M
$5.18M – $6.91M
NOI $414,536 @ 7.0% cap · market cap 4.04%
Second Best
Warehouse
$4.79M
$4.19M – $5.58M
NOI $334,951 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$20.85M
$18.24M – $24.32M
NOI $1,459,472 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 60626, IL
50,548
Population
26,812
Households
1.9
Avg Household Size
36
Median Age
53%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
29,734
Density / Sq Mi
$57,452
Median Household Income
$39,527
Median Earnings
$1,265
Median Rent
$269,000
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - For sale self-storage building with warehouse-style space totaling 44,220 square feet.
Where is this self storage facility located?
The property is located at 6542 N Clark St Chicago, IL.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: For sale self‑storage building with 44,220 SF of warehouse‑style storage space; Building described as a self‑storage property
