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    313 West Chestnut St, Unit chicago Chicago, IL 60610

    Sponsored
    For Sale
    $2,695,000

    FLEX INDUSTRIAL BUILDING - RIVER NORTH/OLD TOWN RE-DEVELOPMENT OPPORTUNITY

    Property size:
    13,750 SF

    Description

    Added:
    Dec 26, 2025
    Days on Market:
    15
    The subject property is located at 313 West Chestnut Street, Chicago, IL 60610 (the "Property"). The
    JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained
    to present the sale of this flex industrial building - re-development opportunity. This is an urban industrial
    building located in Chicago’s dense River North/Old Town neighborhood. Featuring a 2-story building,
    ±13,750 SF GLA, and ±5,660 SF site. The subject property is zoned C1-3, 1000 to 1500 volts of power,
    20' ceiling-first floor, rubber roof, two internal parking spaces, and is situated in a mixed commercial and
    residential city setting.

    Property Features for 313 West Chestnut St

    General Information

    Property type
    Commercial land
    Investment Type
    redevelopment
    Square Feet
    13,750 SF
    Class
    A
    Elevators
    Yes
    Lot Size
    5,660 SF

    Building Details

    Year Built
    1871
    Buildings
    1
    Stories
    2

    HighLights

    • Zoned C1‑3 Neighborhood Commercial District, which allows for a variety of uses Dense, Affluent Downtown Chicago Demographics Median household income of $116,000 (1‑mile radius) exceeds state and Chicago median income levels CTA Brown and Purple Line Station Premier Urban Infill Location in River North/Old Town ±0.4 miles from $1.7 billion Bally's casino development (Chicago & Halsted)
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    State
    Illinois
    Longitude
    -87.636387790318
    Latitude
    41.8979383

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    FAQs

    What type of property is this?
    Commercial land - FLEX INDUSTRIAL BUILDING - RIVER NORTH/OLD TOWN RE-DEVELOPMENT OPPORTUNITY
    Where is this commercial land located?
    The property is located at 313 West Chestnut St, Unit chicago Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,695,000.
    What are key features of this property?
    This property features: Zoned C1-3 Neighborhood Commercial District, which allows for a variety of uses Dense, Affluent Downtown Chicago Demographics Median household income of $116,000 (1-mile radius) exceeds state and Chicago median income levels CTA Brown and Purple Line Station Premier Urban Infill Location in River North/Old Town ±0.4 miles from $1.7 billion Bally's casino development (Chicago & Halsted)
    (773) 732-0797
    Request Owner's contact information
    313 West Chestnut St, Unit chicago Chicago, IL 60610
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    Chicago, IL 60610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    313 West Chestnut St, Unit chicago Chicago, IL 60610
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