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Contiguous Industrial Land Assemblage
For Sale
$240,000

1848 W Walnut St, Chicago, IL 60612

Five adjoining vacant parcels zoned PMD-4 for permitted commercial, business service, and industrial uses.

Property Size105 SF
Price / SF$2,285
Days on Market47

Property Features for 1848 W Walnut St

General Information

Standard status Active
Size 105 SF
Property subtype Land

Site & Location

Neighborhood West Town
Listing Agency: Chicago's Real Estate Agency
Listed By: The Luxe Home Team
Source: Theluxehometeam
Added: Sep 12 Changed: Oct 27 Last Checked: Oct 28 at 8:30AM

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 Chicago's Real Estate Agency

Rey
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Investment Insights

Based on property information with market context.

This industrial land offering combines five contiguous vacant parcels into a single development site. The assemblage includes 1838, 1840, 1842, 1846, and 1848 W Walnut St., with each lot measuring 25 x 105 sq ft. All parcels are being offered together, creating approximately 0.30 acres of land at the combined site.

The property is zoned PMD-4, or Planned Manufacturing District 4. Permitted uses include commercial, business service, industrial, and other activities subject to City of Chicago zoning requirements. The site is located in Chicago near major transportation routes and expressways.

Key Highlights

  • Five contiguous vacant parcels offered as one assemblage
  • Approximately 0.30 acres of combined land
  • Each lot measures 25 x 105 sq ft

Property Analytics

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Open Analytics

Suggested Use

Top Pick Auto Parts Store Storage Facility Auto Repair Shop Accounting Firm Garden Center HVAC Service

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

Location Intelligence

Trade Area within ½ mile

2,977
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Industrial land - Five adjoining vacant parcels zoned PMD-4 for permitted commercial, business service, and industrial uses.
Where is this industrial land located?
The property is located at 1848 W Walnut St Chicago, IL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Five contiguous vacant parcels offered as one assemblage; Approximately 0.30 acres of combined land; Each lot measures 25 x 105 sq ft
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