Fenced & Gated Warehouse with
For Sale
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1722 W Carroll Ave, Chicago, IL 60612
Warehouse on a fenced and gated lot with drive-in and dock loading and skylights for natural light.
Property Size9,000 SF
Lot Size0.18 Acres
Price / SF$250
Days on Market111
Property Features for 1722 W Carroll Ave
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.18 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
West Town
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
2
Listing Agency:
Baum Realty
(312) 666-3000
Listed By:
Zach Pruitt · License #IL 471013723
(312) 766-4291
Source:
Moodyscre
Added: Jul 14
Changed: Oct 25
Last Checked: Nov 1 at 5:50AM
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 Baum Realty
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Investment Insights
Based on property information with market context.
This warehouse property includes a fenced and gated lot and flexible tenant setup, with a single-tenant and/or multi-tenant building configuration. Loading is supported by two (2) drive-in doors at grade measuring 8' W x 9' H, along with one (1) internal loading dock and an open exterior loading dock. Interior clear height reaches up to 15’, providing headroom for a range of warehouse and distribution needs. Ample skylights add natural light to the space.
Curb cuts on W. Carroll Avenue are in place, supporting practical access for deliveries and maneuvering.
The property is listed with a 9,000 SF building size, and the fenced and gated lot totals 7,897 SF.
Curb cuts on W. Carroll Avenue are in place, supporting practical access for deliveries and maneuvering.
The property is listed with a 9,000 SF building size, and the fenced and gated lot totals 7,897 SF.
Key Highlights
- 7,897 SF fenced and gated lot
- Two (2) drive‑in doors at grade, 8' W x 9' H
- One (1) internal loading dock plus open exterior loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,172
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,440
$1.4M
Cap Rate 7%
$973,886
$973.9K
Cap Rate 9%
$757,467
$757.5K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$84.9K $9.43/SF
− Vacancy
−$4.7K −$0.52/SF
EGI
$80.2K $8.91/SF
− OpEx
−$12.0K −$1.34/SF
NOI
$68.2K $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%
$1,363,440
Cap Rate 7%
$973,886
Cap Rate 9%
$757,467
Alternative Uses
Best Use
Warehouse
$973.9K
$852.2K – $1.14M
NOI $68,172 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $297,043 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,903
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Warehouse on a fenced and gated lot with drive-in and dock loading and skylights for natural light.
Where is this warehouse located?
The property is located at 1722 W Carroll Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 7,897 SF fenced and gated lot; Two (2) drive‑in doors at grade, 8' W x 9' H; One (1) internal loading dock plus open exterior loading dock
