Industrial Flex Office
3134 W CHICAGO AVE Chicago, IL 60622
3134 W CHICAGO AVE, Chicago, IL, 60622
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For Sale
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Two-story industrial flex building with a 14’ drive-in door, dock, air conditioning, and fenced parking lot.
Property Size20,500 SF
Price / SF$82.68
Days on Market80
Property Features for 3134 W CHICAGO AVE
General Information
- Standard status
- Active
- Size
- 20,500 SF
- Property subtype
- Industrial, Mixed Use
Building Details
- Year Built
- 1909
Listing agency
Keller Williams Realty Partners
Listed by
Richard Schneider · License #475176570
Source
Crexi
Added: May 4 Updated: Jul 21 at 1:05PM Checked: Jul 22 at 10:49AM
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 Keller Williams Realty Partners
Investment Insights
Based on property information with market context.
This two-story industrial flex office building is designed to support a mix of industrial and office-oriented uses. The property includes a 14’ drive-in door on Chicago Avenue, one internal dock, and two separate street entrances for flexible access and operations. Additional features include a private alley area and a fenced, dedicated parking lot. The building is fully air conditioned and sprinklered, and it has a newer roof in place.
The property is located at 3134 W Chicago Ave in Chicago, IL, and is described as being in a redevelopment corridor between Humboldt Park and East Garfield Park. The offering is zoned IND.
Overall, the layout and access points make the building well-suited for businesses seeking a functional industrial/office configuration in an IND-zoned setting.
The property is located at 3134 W Chicago Ave in Chicago, IL, and is described as being in a redevelopment corridor between Humboldt Park and East Garfield Park. The offering is zoned IND.
Overall, the layout and access points make the building well-suited for businesses seeking a functional industrial/office configuration in an IND-zoned setting.
Key Highlights
- Two‑story industrial flex/office building built in 1909 with 20,000 SF total
- 14’ drive‑in door on Chicago Avenue plus one internal dock and two separate street entrances
- Fully air conditioned and sprinklered
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.3k | $9.43 |
| − Vacancy | −$10.6k | −$0.52 |
| EGI | $182.7k | $8.91 |
| − OpEx | −$27.4k | −$1.34 |
| NOI | $155.3k | $7.57 |
20,500 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$6.28M
$5.50M – $7.33M
NOI $439,848 @ 7.0% cap · market cap 25.95%
Second Best
Flex RnD
$3.38M
$2.96M – $3.94M
NOI $236,652 @ 7.0% cap · market cap 13.96%
Theoretical Best
Office A
$9.67M
$8.46M – $11.28M
NOI $676,598 @ 7.0% cap · market cap 39.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Color Space Photographic
(Bike/Boat/Book/etc) Store
Chicago Parts Inc
Professional Services
Similar For Sale Nearby
Similar Off Market Nearby
- Chartwells — Universal Building, 700 N Sacramento Blvd, Chicago, IL 60612
- Rogue Philanthropy — 2842 W Chicago Ave, Chicago, IL 60622
FAQs
What type of property is this?
Flex space - Two-story industrial flex building with a 14’ drive-in door, dock, air conditioning, and fenced parking lot.
Where is this flex space located?
The property is located at 3134 W CHICAGO AVE Chicago, IL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two‑story industrial flex/office building built in 1909 with 20,000 SF total; 14’ drive‑in door on Chicago Avenue plus one internal dock and two separate street entrances; Fully air conditioned and sprinklered
