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Multi-Story Manufacturing Building
For Sale
$2,150,537

4501 West 16th Street, Chicago, IL 60623

Industrial improvements include office space, loading access, distributed power and air lines, sprinkler protection, and LED lighting.

Property Size158,070 SF
Lot Size2.93 Acres
Price / SF$13.60
Days on Market94

Property Features for 4501 West 16th Street

General Information

Standard status Active
Size 158,070 SF
Lot size 2.93 Acres
Property subtype Industrial

Warehouse & Industrial

Clear Height 18 ft
Office Build-Out 21,756 SF
Dock-High Doors 5
Drive-In Doors 3
Column Spacing 20 x 20 ft
Sprinkler System Yes

Building Details

Stories 5
Building Size 158,070 SF
Listing Agency: CBRE | Chicago
Listed By: Colin Green, SIOR
Source: Cbre
Added: Jun 2 Changed: Aug 30 Last Checked: Sep 2 at 1:56PM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This former manufacturing facility in Chicago contains approximately 158,070 SF within a partial multi-story building. The layout includes 21,756 SF of office space, clear heights ranging from 11'0" to 18'0", five exterior docks, three drive-in doors, and 20' x 20' bays. The building is fully sprinklered, with power and air lines distributed throughout and new LED lighting installed.

The improvements occupy a 2.93-acre site at 4501 West 16th Street. Floor areas include 107,334 SF on the first floor, 29,001 SF on the second floor, and 7,245 SF on each of the third through fifth floors. The combination of manufacturing area, office buildout, loading infrastructure, and multi-level configuration supports a range of industrial operations.

Key Highlights

  • ±158,070 SF former manufacturing building on a 2.93‑acre site
  • 21,756 SF of office space
  • Clear heights from 11'0" to 18'0"

Property Analytics

Current Use

Caraustar Mill Group Industrial Manufacturer Greif Chicago Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Gym & Fitness Center Skin Care Clinic Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft
Clear height
5
Dock-high doors
3
Drive-in doors
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

929
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025
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Frequently Asked Questions

What type of property is this?
Manufacturing property - Industrial improvements include office space, loading access, distributed power and air lines, sprinkler protection, and LED lighting.
Where is this manufacturing property located?
The property is located at 4501 West 16th Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,150,537.
What are key features of this property?
This property features: ±158,070 SF former manufacturing building on a 2.93‑acre site; 21,756 SF of office space; Clear heights from 11'0" to 18'0"
More about this property
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