Renovated Chicago Industrial Flex
3146 W Chicago Avenue, Chicago, IL 60622
- Added:
- Apr 22, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 12 at 9:06 am
Property Features for 3146 W Chicago Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MANUF
- Standard status
- Active
- APN
- 16013190170000
- Size
- 6,400 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16490
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1909
- Floors in Building
- 1
- Flooring type
- Marble, Tile, Vinyl
- Building materials
- Brick
Listing agent Moses Hall License #471019687 (312) 826-9925
Listing office MoHall Commercial & Urban Development 350 N. Orleans St. #9000N, Chicago, IL (312) 826-9925
Listing date Apr 22, 2026
MLS# 12626368
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated 6,400 SF industrial flex warehouse with showroom‑quality interior and designer finishes.
- Dramatic 75‑foot operable skylight provides abundant natural light, ideal for showroom or creative space.
- Strategic location in the rapidly growing Humboldt Park/West Town industrial corridor with quick access to I‑90/94 and I‑290.
- Clear‑span bow‑truss structure with 20'+ ceiling heights, providing open layout and efficient workflow.
- Zoned M1‑2, supporting a wide range of industrial uses including warehouse, distribution, and light manufacturing.
- Equipped with one drive‑in overhead door, polished concrete flooring, modern lighting, updated electrical, and central HVAC.
Overview
Located in Chicago's Humboldt Park and West Town industrial corridor, this renovated 6,400 square foot industrial flex warehouse is designed for operational efficiency and showroom presence. Situated on a 50' x 125' (6,250 SF) lot and zoned M1-2 (Limited Manufacturing District), this property supports a range of industrial uses including warehouse, distribution, light manufacturing, contractor space, and e-commerce fulfillment. Constructed in 1909, the building features a clear-span bow-truss structure with ceiling heights ranging from approximately 20' to 20'+ at the peak. The property is equipped with one drive-in overhead door and is constructed of masonry/brick. A 75-foot operable skylight runs the full length of the building, flooding the space with natural light. The interior includes polished concrete flooring, modern lighting, updated electrical with circuit breakers, central HVAC with forced air heating, and a flexible layout. A mezzanine level provides additional square footage for office, administrative, or studio use. The property is positioned for last-mile distribution and urban industrial use, with access to I-90/94 (Kennedy Expressway) and I-290 (Eisenhower Expressway). It is also served by CTA bus routes along Chicago Avenue and access to CTA rail lines. The surrounding area has a mix of industrial users, retailers, and national tenants. This property is suited for industrial showroom users, e-commerce companies, contractors, light manufacturers, and creative businesses seeking a centrally located Chicago warehouse.
Local Financial Insights For Retail
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 | $138.2k | $21.60 |
| − Vacancy | −$11.8k | −$1.84 |
| EGI | $126.5k | $19.76 |
| − OpEx | −$37.9k | −$5.93 |
| NOI | $88.5k | $13.83 |
6,400 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.48M
NOI $88,543 @ 7.0% cap · market cap 6.81%
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 Profile
Location Intelligence
Current Use by Public Records
The Atria Chicago
Hotel & Motel
SOLID + PATTERN
Interior Design
Similar Places Nearby
- Katr2U — 324 N Leavitt St, Chicago, IL 60612
- Neal's Gourmet Catering — 324 N Leavitt St, Chicago, IL 60612
- Entertaining Company — 1640 W Walnut St, Chicago, IL 60612
- Mac Dynamite — 324 N Leavitt St, Chicago, IL 60612
- Rowan Catering — 324 N Leavitt St, Chicago, IL 60612
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7059908
- Latitude
- 41.8958523
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 6,400 SF renovated industrial flex warehouse in Chicago for sale.
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 with showroom‑quality interior and designer finishes.; Dramatic 75‑foot operable skylight provides abundant natural light, ideal for showroom or creative space.; Strategic location in the rapidly growing Humboldt Park/West Town industrial corridor with quick access to I‑90/94 and I‑290.
