Warehouse with Multiple Overhead
For Lease
Contact for pricing
5241-5323 S Western Ave, Chicago, IL 60609
Zoned M-2, with suites ranging up to 96,070 SF and mezzanine space plus multiple overhead cranes.
Space Size90,000 SF
Days on Market550
Property Features for 5241-5323 S Western Ave
General Information
Standard status
Active
Size
90,000 SF
Property subtype
INDUSTRIAL
Zoning
M-2
Lease Type
Modified Gross
Spaces For Lease
at 5241-5323 S Western Ave
5301 S Western Ave
$5.95/SF/Yr
Floor
1
Size
90,000 SF
Type
INDUSTRIAL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
-Building Size: 249,000 SF
-Available Sizes:
- Suite 110 (30,000 SF)
- Suite 130 (49,843 SF)
- Suite 140 (96,070 SF, div. to 72,581 SF & 23,489 SF)
- Suite 160 (9,960 SF)
-Mezzanine Size: 59,000 SF (not included in bldg. SF)
-Income in place - inquire for financials
-Cranes: (4) 10-ton, (2) 5-ton, 27’ under the hook
-Zoning: M-2
-2023 Real Estate Taxes: $308,042 ($1.24/SF)
-Ward/Alderman: 15th / Raymond A. Lopez
-Sale Price/Lease Rate: Subject to Offer
Contact us
Listing Agency:
NAI Hiffman | Oakbrook Terrace
(630) 932-1234
Listed By:
Alex Sutterer · License #475166355
(630) 693-0644
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Sep 4
Last Checked: Oct 1 at 2:20PM
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 NAI Hiffman | Oakbrook Terrace
Investment Insights
Based on property information with market context.
This industrial warehouse/distribution facility offers multiple available suites within the building, including Suite 110 (30,000 SF), Suite 130 (49,843 SF), Suite 140 (96,070 SF, divisible into 72,581 SF and 23,489 SF), and Suite 160 (9,960 SF). A 59,000 SF mezzanine is available and is not included in the building SF.
The facility is equipped with cranes, including four 10-ton cranes, two 5-ton cranes, and 27’ under the hook. Zoning is M-2. The property is located at 5241-5323 S Western Ave, Chicago, IL 60609, providing a flexible footprint for warehouse and distribution operations that need both substantial floor area and overhead lifting capacity.
Income is in place and is available by request for financials.
The facility is equipped with cranes, including four 10-ton cranes, two 5-ton cranes, and 27’ under the hook. Zoning is M-2. The property is located at 5241-5323 S Western Ave, Chicago, IL 60609, providing a flexible footprint for warehouse and distribution operations that need both substantial floor area and overhead lifting capacity.
Income is in place and is available by request for financials.
Key Highlights
- Available suites include 30,000 SF (Suite 110), 49,843 SF (Suite 130), 96,070 SF (Suite 140), and 9,960 SF (Suite 160)
- Suite 140 is divisible into 72,581 SF and 23,489 SF
- 59,000 SF mezzanine space not included in building SF
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.89 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60609, IL
65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$12.96 /SF/Yr
Avg Asking Price
$5.95–$24 /SF/Yr
Price Range
72,580 SF
Avg Space Size
This space is priced 54% below the average of $12.96 /SF/Yr.
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Zoned M-2, with suites ranging up to 96,070 SF and mezzanine space plus multiple overhead cranes.
Where is this warehouse located?
The property is located at 5241-5323 S Western Ave Chicago, IL.
What is the lease rate?
The lease rate is $5.95 SF/Yr.
What are key features of this property?
This property features: Available suites include 30,000 SF (Suite 110), 49,843 SF (Suite 130), 96,070 SF (Suite 140), and 9,960 SF (Suite 160); Suite 140 is divisible into 72,581 SF and 23,489 SF; 59,000 SF mezzanine space not included in building SF
