Industrial Building with Loading
4020 W Irving Park Rd, Chicago, IL 60641
For Sale
New
Contact for pricing
Office areas, a break room, and multiple vehicle-access features support a range of industrial operations.
Property Size21,138 SF
Lot Size0.74 Acres
Price / SF$108.81
Days on Market6
Property Features for 4020 W Irving Park Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Drive-In Doors
Truck Court Depth
Amenities
kitchen/break room
conference room
Building Details
Buildings
Stories
Building Size
Listing Agency:
Coldwell Banker Realty | Lincoln Park Clybourn
(312) 266-7000
Listed By:
Bruce Heller · License #471007740
(312) 320-8245
Source:
Moodyscre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 6:18AM
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 Coldwell Banker Realty | Lincoln Park Clybourn
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 21,138-square-foot industrial building occupies a 32,050-square-foot lot and includes 14–18-foot ceiling heights. Two drive-in doors measure 15.5 by 13.9 feet and 14 by 14.10 feet, and a depressed loading dock extends 55 feet. Interior areas include a kitchen and break room, a large conference room, three to five private offices, and a smaller second-floor office area. Zoning is C1-1.
The property is one block from the I-90/I-94 Irving Park interchange, 9 miles from O’Hare International Airport, and 8 miles from downtown Chicago. Parking includes a 31-car lot and 7 additional spaces at the rear.
The property is one block from the I-90/I-94 Irving Park interchange, 9 miles from O’Hare International Airport, and 8 miles from downtown Chicago. Parking includes a 31-car lot and 7 additional spaces at the rear.
Key Highlights
- 21,138 SF industrial building on a 32,050 SF lot
- 14–18 ft ceiling heights
- Two drive‑in doors: 15.5 x 13.9 ft and 14 x 14.10 ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,113
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,202,260
$3.2M
Cap Rate 7%
$2,287,329
$2.3M
Cap Rate 9%
$1,779,033
$1.8M
Market Conditions
NOI Build-Up for 21,138 SF
Gross rent
$199.3K $9.43/SF
− Vacancy
−$11.0K −$0.52/SF
EGI
$188.4K $8.91/SF
− OpEx
−$28.3K −$1.34/SF
NOI
$160.1K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,202,260
Cap Rate 7%
$2,287,329
Cap Rate 9%
$1,779,033
Alternative Uses
Best Use
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,113 @ 7.0% cap · market cap 6.96%
Second Best
Industrial
$1.89M
$1.66M – $2.21M
NOI $132,555 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$9.97M
$8.72M – $11.63M
NOI $697,655 @ 7.0% cap · market cap 30.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Chicago, IL
Properties on Market for Industrial properties in Chicago
Vacancy Rate% for Industrial in Chicago, IL
Frequently Asked Questions
What type of property is this?
Industrial property - Office areas, a break room, and multiple vehicle-access features support a range of industrial operations.
Where is this industrial property located?
The property is located at 4020 W Irving Park Rd Chicago, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 21,138 SF industrial building on a 32,050 SF lot; 14–18 ft ceiling heights; Two drive‑in doors: 15.5 x 13.9 ft and 14 x 14.10 ft
