Multi-Tenant Warehouse with Drive-In
For Sale
Contact for pricing
1300 W Washington St W, Chicago, IL 60185
Five-unit warehouse with docks, drive-in doors, and new LED lighting in each unit.
Property Size66,029 SF
Price / SF$113.59
Days on Market542
Property Features for 1300 W Washington St W
General Information
Standard status
Active
Size
66,029 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
West Town
Additional Details
Voltage
480 V
Building Details
Tenancy
Multi
Listing Agency:
Morken & Associates
(630) 567-7804
Listed By:
Steve Morken
(630) 567-7800
Source:
Moodyscre
Added: May 6, 2025
Changed: Oct 25
Last Checked: Oct 28 at 10:06AM
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 Morken & Associates
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Investment Insights
Based on property information with market context.
This five-unit multi-tenant warehouse property is set up for practical loading and storage. Each unit features exterior docks and 12' x 14' drive-in doors, along with floor drains and triple catch basins. Power service is listed as 400 to 1600 amps at 480 volt. Offices include a fully decked concrete mezzanine for added storage, and each unit has new LED lighting.
The property has frontage on Washington Street. A rent roll is available upon request.
With multiple loading features and on-site office mezzanine storage, the layout is designed to support tenants that need both efficient receiving and usable interior staging or storage space within the warehouse units.
The property has frontage on Washington Street. A rent roll is available upon request.
With multiple loading features and on-site office mezzanine storage, the layout is designed to support tenants that need both efficient receiving and usable interior staging or storage space within the warehouse units.
Key Highlights
- Five‑unit multi‑tenant warehouse with frontage on Washington Street
- Exterior docks in each unit plus 12' x 14' drive‑in doors
- Floor drains with triple catch basins in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$500,146
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,002,920
$10.0M
Cap Rate 7%
$7,144,943
$7.1M
Cap Rate 9%
$5,557,178
$5.6M
Market Conditions
NOI Build-Up for 66,029 SF
Gross rent
$622.7K $9.43/SF
− Vacancy
−$34.2K −$0.52/SF
EGI
$588.4K $8.91/SF
− OpEx
−$88.3K −$1.34/SF
NOI
$500.1K $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%
$10,002,920
Cap Rate 7%
$7,144,943
Cap Rate 9%
$5,557,178
Alternative Uses
Best Use
Flex RnD
$10.89M
$9.53M – $12.70M
NOI $762,239 @ 7.0% cap · market cap 10.16%
Second Best
Warehouse
$7.14M
$6.25M – $8.34M
NOI $500,146 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$31.13M
$27.24M – $36.32M
NOI $2,179,274 @ 7.0% cap · market cap 29.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,781
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60185, IL
34,775
Population
11,030
Households
3.2
Avg Household Size
37
Median Age
33%
College-Educated
84%
High-School Grad
30.9 sq mi
ZIP Area
1,125
Density / Sq Mi
$105,063
Median Household Income
$41,439
Median Earnings
$1,400
Median Rent
$313,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Warehouse - Five-unit warehouse with docks, drive-in doors, and new LED lighting in each unit.
Where is this warehouse located?
The property is located at 1300 W Washington St W Chicago, IL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Five‑unit multi‑tenant warehouse with frontage on Washington Street; Exterior docks in each unit plus 12' x 14' drive‑in doors; Floor drains with triple catch basins in each unit
