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    2,500 SF Chicago Flex Space Title is generated by Realmo AI

    4052 N Western Ave, Chicago, IL

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    2,500 SF flex space with updated roof for sale.

    Type:RETAIL
    Property size:
    2,500 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $190/SF
    Added:
    Sep 10, 2025
    Days on Market:
    275
    Last Refresh:
    May 20 at 8:54 pm

    Property Features for 4052 N Western Ave

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.06 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Steven Aaronson
    Steven Aaronson

    Listing agent Steven Aaronson

    Listing office CTK Chicago Partners | Chicago

    Listing date Sep 10, 2025

    Source Moodyscre

    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 CTK Chicago Partners | Chicago

    HighLights

    • 2,500 square feet of clear‑span space
    • Fully air‑conditioned
    • 12' 3" ceiling height
    • Rear overhead door
    • Recently updated roof
    • Boiler heat

    Overview

    This 2,500 square foot flex space property features a clear-span layout and a ceiling height of 12 feet 3 inches. The space is fully air-conditioned and heated by a boiler system. Access is provided via a rear overhead door. The roof has been recently updated.

    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 $48.0k $19.20
    − Vacancy −$3.6k −$1.44
    EGI $44.4k $17.76
    − OpEx −$15.5k −$6.22
    NOI $28.9k $11.54
    2,500 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $412.3K
    $360.8K – $481.0K (±1% cap)
    NOI $28,860 @ 7.0% cap · market cap 6.08%
    Second Best
    Warehouse
    $270.5K
    $236.7K – $315.6K (±1% cap)
    NOI $18,937 @ 7.0% cap · market cap 3.99%
    Theoretical Best
    Office A
    $1.18M
    $1.03M – $1.38M (±1% cap)
    NOI $82,512 @ 7.0% cap · market cap 17.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ed Hinkley Theater & Performing Art Venue ERIC JENSEN CERAMIC Industrial Manufacturer

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

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    • Self Storage — 3640 n western ave, chicago, il 60618

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6889
    Latitude
    41.9556

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    FAQs

    What type of property is this?
    Warehouse - 2,500 SF flex space with updated roof for sale.
    Where is this warehouse located?
    The property is located at 4052 N Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 2,500 square feet of clear‑span space; Fully air‑conditioned; 12' 3" ceiling height
    (312) 339-2220 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Aaronson
    Steven Aaronson
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