Industrial Flex Warehouse with
3146 W Chicago Avenue Chicago, IL 60622
3146 W Chicago Avenue, Chicago, IL, 60622
Contact for pricing
For Sale
Contact for pricing
Fully renovated 6,400 SF flex warehouse with clear-span open layout, drive-in overhead door, and a full-length operable skylight.
Property Size6,400 SF
Lot Size0.14 Acres
Price / SF$203.13
Days on Market92
Property Features for 3146 W Chicago Avenue
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 0.14 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1909
Listing agency
MoHall Commercial & Urban Development
(312) 826-9925
Listed by
Moses Hall · License #IL 471019687
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 4:12PM Checked: Jul 22 at 4:12PM
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 MoHall Commercial & Urban Development
Investment Insights
Based on property information with market context.
Fully renovated industrial flex warehouse originally constructed in 1909, featuring a clear-span bow-truss structure with ceiling heights of approximately 20' to 20'+ at the peak. The building includes polished concrete flooring, modern lighting, updated electrical with circuit breakers, and central HVAC with forced-air heating. A 75-foot operable skylight runs the full length of the space to bring in natural light, and there is one drive-in overhead door for loading and deliveries. A mezzanine level provides additional area for office, administrative, or studio use, and the masonry/brick construction supports long-term durability.
The property sits on a 50' x 125' lot and is zoned M1-2 (Limited Manufacturing District). It supports a range of industrial uses including warehouse, distribution, light manufacturing, contractor space, and e-commerce fulfillment. The site is positioned for urban industrial operations with quick access to I-90/94 and I-290, and CTA bus service runs along Chicago Avenue with convenient access to nearby CTA rail lines.
Designed to combine operational capability with showroom-style presentation, the open, column-free layout and flexible interior configuration make it well-suited for users looking to support both storage/workflow and client-facing space from one centralized location.
The property sits on a 50' x 125' lot and is zoned M1-2 (Limited Manufacturing District). It supports a range of industrial uses including warehouse, distribution, light manufacturing, contractor space, and e-commerce fulfillment. The site is positioned for urban industrial operations with quick access to I-90/94 and I-290, and CTA bus service runs along Chicago Avenue with convenient access to nearby CTA rail lines.
Designed to combine operational capability with showroom-style presentation, the open, column-free layout and flexible interior configuration make it well-suited for users looking to support both storage/workflow and client-facing space from one centralized location.
Key Highlights
- Fully renovated 6,400 SF industrial flex warehouse built in 1909
- 50' x 125' (6,250 SF) lot with M1‑2 (Limited Manufacturing District) zoning
- Clear‑span bow‑truss structure with ~20' to 20'+ ceiling heights and no interior columns
Local Financial Insights For Flex RnD
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 | $122.9k | $19.20 |
| − Vacancy | −$9.2k | −$1.44 |
| EGI | $113.7k | $17.76 |
| − OpEx | −$39.8k | −$6.22 |
| NOI | $73.9k | $11.54 |
6,400 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.96M
$1.72M – $2.29M
NOI $137,318 @ 7.0% cap · market cap 10.56%
Second Best
Flex RnD
$1.06M
$923.5K – $1.23M
NOI $73,882 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,231 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Atria Chicago
Hotel & Motel
SOLID + PATTERN
Interior Design
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 - Fully renovated 6,400 SF flex warehouse with clear-span open layout, drive-in overhead door, and a full-length operable skylight.
Where is this flex space located?
The property is located at 3146 W Chicago Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully renovated 6,400 SF industrial flex warehouse built in 1909; 50' x 125' (6,250 SF) lot with M1‑2 (Limited Manufacturing District) zoning; Clear‑span bow‑truss structure with ~20' to 20'+ ceiling heights and no interior columns
