Industrial Flex Warehouse with
3146 W Chicago Avenue Chicago, IL 60622
New
3146 W Chicago Avenue, Chicago, IL, 60622
$1,200,000
For Sale
$1,200,000
COMMERCIAL - Chicago, IL
Property Size6,400 SF
Lot Size0.14 Acres
Price / SF$187.50
Days on Market4
Property Features for 3146 W Chicago Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MANUF
- Standard status
- Active
- APN
- 16013190170000
- 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
- Tile, Vinyl, Marble
- Building materials
- Brick
Listing Agency
MoHall Commercial & Urban Development
(312) 826-9925
350 N. Orleans St. #9000N, Chicago, IL
Listed by
Moses Hall · License #471019687
(312) 826-9925
Added: Jul 15 Checked: Jul 18 at 1:06 am
MLS# 12705615
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.
Investment Insights
Based on property information with market context.
An industrial flex warehouse featuring a clear-span bow-truss structure with ceiling heights of approximately 20' to 20'+ at the peak and no interior columns. The masonry/brick building includes one drive-in overhead door and polished concrete flooring. A dramatic 75-foot operable skylight runs the full length of the space, with modern lighting and updated electrical with circuit breakers. Central HVAC provides forced air heating, and a mezzanine level adds additional space for office, administrative, or studio use.
The property is located on a 50' x 125' site (6,250 SF) and is zoned MANUF. Measuring approximately 6,400 SF, it is laid out to support warehouse operations while also accommodating office or creative workspace within the same centralized facility.
For loading and deliveries, the single drive-in overhead door supports practical distribution and contractor use, and the open, column-free interior is designed to work well with racking, storage, and efficient workflow.
The property is located on a 50' x 125' site (6,250 SF) and is zoned MANUF. Measuring approximately 6,400 SF, it is laid out to support warehouse operations while also accommodating office or creative workspace within the same centralized facility.
For loading and deliveries, the single drive-in overhead door supports practical distribution and contractor use, and the open, column-free interior is designed to work well with racking, storage, and efficient workflow.
Key Highlights
- 6,400 SF industrial flex warehouse on a 50' x 125' (6,250 SF) lot
- Built in 1909 with clear‑span bow‑truss structure and ceiling height about 20' to 20'+ at peak, no interior columns
- Zoned M1‑2 (Limited Manufacturing District) for warehouse, distribution, light manufacturing, contractor space, and e‑commerce fulfillment
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 11.44%
Second Best
Flex RnD
$1.06M
$923.5K – $1.23M
NOI $73,882 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,231 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Atria Chicago
Hotel & Motel
SOLID + PATTERN
Interior Design
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FAQs
What type of property is this?
Flex space - Industrial flex warehouse with clear-span bow-truss design, high ceilings, 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 $1,200,000.
What are key features of this property?
This property features: 6,400 SF industrial flex warehouse on a 50' x 125' (6,250 SF) lot; Built in 1909 with clear‑span bow‑truss structure and ceiling height about 20' to 20'+ at peak, no interior columns; Zoned M1‑2 (Limited Manufacturing District) for warehouse, distribution, light manufacturing, contractor space, and e‑commerce fulfillment
