Chicago Cold Storage
1556 W 43rd St, Chicago, IL 60609
224,878 SF cold storage facility in Chicago Stockyards.
Type:Industrial
Property size:
224,878 SFPrice / SF:
$146/SF- Added:
- Nov 22, 2025
- Days on Market:
- 181
- Last Refresh:
- Dec 3 at 5:32 am
Property Features for 1556 W 43rd St
General Information
- Standard status
- Active
- Size
- 224,878 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1973
Listing agent Kayla Albo License #100100669
Listing office eXp Realty LLC (330) 217-5926
Listing date Nov 22, 2025
Source Naiglobal
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 eXp Realty LLC
HighLights
- Large Cold Storage Facility: Boasting +/- 224,878 SF of freezer/cooler space (192,942 SF).
- Prime Location: Located in the Heart of Chicago Stockyards PMD, with easy access to I‑55, I‑90, and the Chicago Business District.
- Flexible Usage: Available for lease or sale, and the space can be demised to suit your needs.
- Significant Recent Upgrades: Benefit from upgrades completed in 2024 and 2025, including main condenser replacement.
- Advanced Cold Storage Capabilities: Featuring a deep freeze capable of -25 degree temperatures, glycol floors, and multiple temperature configurations.
- Ample Loading and Parking: Includes 18 exterior docks, 53 car parking spaces, and 17 trailer parking spaces.
Overview
Located in the Chicago Stockyards, this cold storage facility offers approximately 224,878 square feet of space. The property is available for both lease and sale, and can be demised. The site spans 6.81 acres and includes 11,287 square feet of office space and 192,942 square feet of freezer/cooler space. Loading is facilitated by 18 exterior docks. Ceiling heights range from 24 to 33 feet. There is parking for 53 cars and 17 trailers. The zoning is PMD 8 with 6B approval. Significant upgrades were completed in 2025. The facility features a 40,000 lbs ammonia system, glycol floors in all freezers, and a convertible cooler. Floor drains are present in the USDA and Tempering Rooms. The main condenser was replaced in 2024. Multiple temperature configurations are possible, including deep freeze capabilities down to -25 degrees. Significant employee wellness infrastructure is in place. The property is ideally located in the Chicago Stockyards PMD, offering close proximity to I-55, I-90, and the Chicago Business District.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$18.93M
NOI $1,703,372 @ 9.00% cap · cautious / downside scenario
Moderate
$24.33M
NOI $1,703,372 @ 7.00% cap · market / base-case scenario
Aggressive
$34.07M
NOI $1,703,372 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.12M | $9.43 |
| − Vacancy | −$116.6k | −$0.52 |
| EGI | $2.00M | $8.91 |
| − OpEx | −$300.6k | −$1.34 |
| NOI | $1.70M | $7.57 |
224,878 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$24.33M
$21.29M – $28.39M
NOI $1,703,372 @ 7.0% cap · market cap 5.16%
Second Best
Industrial
$20.15M
$17.63M – $23.50M
NOI $1,410,199 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$106.03M
$92.78M – $123.70M
NOI $7,422,053 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Artico Cold Storage
Storage Facility
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6644883
- Latitude
- 41.8165191
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution property - 224,878 SF cold storage facility in Chicago Stockyards.
Where is this distribution property located?
The property is located at 1556 W 43rd St Chicago, IL.
What is the asking price?
The asking price for this property is $33,000,000.
What are key features of this property?
This property features: Large Cold Storage Facility: Boasting +/- 224,878 SF of freezer/cooler space (192,942 SF).; Prime Location: Located in the Heart of Chicago Stockyards PMD, with easy access to I‑55, I‑90, and the Chicago Business District.; Flexible Usage: Available for lease or sale, and the space can be demised to suit your needs.
