Flex Space with Loading
For Sale
Contact for pricing
4101 W 42nd Street, Chicago, IL 60632
An office and showroom component is also available for rent.
Property Size35,000 SF
Price / SF$0.00
Days on Market21
Property Features for 4101 W 42nd Street
General Information
Standard status
Active
Size
35,000 SF
Property subtype
Industrial
Site & Location
Neighborhood
Archer Heights
Highway Access
Yes
Additional Details
Property Use
Warehouse, Retail, Showroom
Amenities
loading docks
Building Details
Year Built
1975
Listing Agency:
Charles Rutenberg Realty of IL
(630) 929-1100
Listed By:
Hui Li · License #475170817
(847) 636-9654
Source:
Helenoliveri
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 28 at 3:50PM
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 Charles Rutenberg Realty of IL
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Investment Insights
Based on property information with market context.
This flex property, built in 1975, includes loading docks and can accommodate warehouse, retail, or showroom use. An office and showroom area is available for rent as well.
At 4101 W 42nd Street in Chicago, the property is just off a highway, with access to the highway nearby.
At 4101 W 42nd Street in Chicago, the property is just off a highway, with access to the highway nearby.
Key Highlights
- Loading docks support the property’s flex configuration
- Warehouse, retail, and showroom uses are identified
- Office and showroom area available for rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,298
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,025,960
$3.0M
Cap Rate 7%
$2,161,400
$2.2M
Cap Rate 9%
$1,681,089
$1.7M
Market Conditions
NOI Build-Up for 35,000 SF
Gross rent
$226.8K $6.48/SF
− Vacancy
−$10.7K −$0.30/SF
EGI
$216.1K $6.18/SF
− OpEx
−$64.8K −$1.85/SF
NOI
$151.3K $4.32/SF
Area
ZIP 60632
Vacancy
4.70%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,025,960
Cap Rate 7%
$2,161,400
Cap Rate 9%
$1,681,089
Alternative Uses
Best Use
Flex RnD
$6.74M
$5.90M – $7.87M
NOI $472,017 @ 7.0% cap · market cap 5,900,212.50%
Second Best
Retail
$5.38M
$4.71M – $6.28M
NOI $376,614 @ 7.0% cap · market cap 4,707,675.00%
Theoretical Best
Office A
$15.40M
$13.48M – $17.97M
NOI $1,078,157 @ 7.0% cap · market cap 13,476,962.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Chicago, IL
Similar Off Market Nearby
- Martino's cuisine catering — 4737 S Kildare Ave, Chicago, IL 60632
Frequently Asked Questions
What type of property is this?
Flex space - An office and showroom component is also available for rent.
Where is this flex space located?
The property is located at 4101 W 42nd Street Chicago, IL.
What are key features of this property?
This property features: Loading docks support the property’s flex configuration; Warehouse, retail, and showroom uses are identified; Office and showroom area available for rent
