Versatile Commercial Facility in Little
3252 W 31st Street Chicago, IL 60623
3252 W 31st Street, Chicago, IL, 60623
$2,200,000
For Sale
$2,200,000
Recycling yard, warehouse, and truck garage in Little Village.
Property Size8,600 SF
Lot Size0.51 Acres
Price / SF$255.81
Days on Market152
Property Features for 3252 W 31st Street
General Information
- Standard status
- Active
- Size
- 8,600 SF
- Lot size
- 0.51 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing agency
COMPASS
(312) 319-1168
Listed by
CIRENIO JIMENEZ
Source
Corcoran
Added: Feb 20 Updated: Jul 6 at 10:17AM Checked: Jul 22 at 9:06AM
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 COMPASS
Investment Insights
Based on property information with market context.
A commercial real estate opportunity is available, featuring a recycling yard, an 8,600-square-foot warehouse, a truck garage, and exterior parking. The property spans over 22,000 square feet and is located in Little Village, offering accessibility. The facility's size and versatile nature present possibilities for various uses. The property is located steps away from I-55.
Key Highlights
- Prime commercial real estate opportunity in a highly desirable Little Village location.
- Expansive facility spanning over 22,000 sq ft, including a recycling yard, warehouse, and truck garage.
- Warehouse size: 8,600 sq ft.
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 | $185.8k | $21.60 |
| − Vacancy | −$15.8k | −$1.84 |
| EGI | $170.0k | $19.76 |
| − OpEx | −$51.0k | −$5.93 |
| NOI | $119.0k | $13.83 |
8,600 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,979 @ 7.0% cap · market cap 5.41%
Second Best
Warehouse
$930.6K
$814.3K – $1.09M
NOI $65,142 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$4.05M
$3.55M – $4.73M
NOI $283,841 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La Villita Recycling
Recycling Center
JLG Recycling
Recycling Center
Sur Tours Inc
Travel Agency
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FAQs
What type of property is this?
Warehouse - Recycling yard, warehouse, and truck garage in Little Village.
Where is this warehouse located?
The property is located at 3252 W 31st Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime commercial real estate opportunity in a highly desirable Little Village location.; Expansive facility spanning over 22,000 sq ft, including a recycling yard, warehouse, and truck garage.; **Warehouse size: 8,600 sq ft.**
