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Industrial Flex Building with Loading

4242 W Bryn Mawr Avenue Chicago, IL 60646

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Industrial flex building with two shared loading docks, two drive-in doors, and 96 on-site parking spaces.

Type:Industrial
Property size:
43,170 SF
Lot size:
2.80 Acres
Price / SF:
$115/SF
Added:
Jul 7, 2026
Days on Market:
6
Last Refresh:
Jul 11 at 2:57 am

Property Features for 4242 W Bryn Mawr Avenue

General Information

Standard status
Active
Size
43,170 SF
Lot size
2.80 Acres
Property subtype
Industrial

Building Details

Year Built
1963

Listing office Strauss Realty

Listing date Jul 7, 2026

Source Crexi

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 Strauss Realty


Investment Insights

Based on property information with market context.

This industrial flex building offers owner-user or investment flexibility, with currently leased space and additional area available for owner occupancy or lease-up. The property is configured with two shared loading docks and two drive-in doors that provide forklift access, supported by a 15-foot clear ceiling height.

The building is located at a signalized corner along Bryn Mawr Ave. and Tripp Ave. in the Sauganash neighborhood, with convenient access to I-90/94.

On-site parking totals 96 spaces, and the site includes a 2.8-acre parcel to support day-to-day operations and tenant vehicles.

Key Highlights

  • 43,170 SF commercial building on a 2.8‑acre site in Chicago’s Sauganash neighborhood
  • 19,000 SF currently leased, with 24,170 SF available for owner occupancy or lease‑up
  • Two shared loading docks plus two drive‑in doors with forklift access

Local Financial Insights For Warehouse

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 $407.1k $9.43
− Vacancy −$22.4k −$0.52
EGI $384.7k $8.91
− OpEx −$57.7k −$1.34
NOI $327.0k $7.57
43,170 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use
Flex RnD
$7.12M
$6.23M – $8.31M (±1% cap)
NOI $498,354 @ 7.0% cap · market cap 9.97%
Second Best
Warehouse
$4.67M
$4.09M – $5.45M (±1% cap)
NOI $326,998 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$20.35M
$17.81M – $23.75M (±1% cap)
NOI $1,424,817 @ 7.0% cap · market cap 28.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Black Orchid Salon Hair Salon RedBox Workshop Industrial Manufacturer Coinhub Bitcoin ATM ... Atm Sid Harvey Industries ... Big Box & Wholesale Store

Suggested Use

Real Estate Agency Restaurant Hair Salon Spa & Massage Center Building Supply Law Firm Auto Repair Shop Auto Parts Store Skin Care Clinic Nail Salon

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

Similar Off Market Nearby

  • Gardner H Stern Jr Co — 5901 N Cicero Ave #102, Chicago, IL 60646
  • FOOD GUY 3 INC — 5901 N Cicero Ave #100, Chicago, IL 60646

FAQs

What type of property is this?
Flex space - Industrial flex building with two shared loading docks, two drive-in doors, and 96 on-site parking spaces.
Where is this flex space located?
The property is located at 4242 W Bryn Mawr Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 43,170 SF commercial building on a 2.8‑acre site in Chicago’s Sauganash neighborhood; 19,000 SF currently leased, with 24,170 SF available for owner occupancy or lease‑up; Two shared loading docks plus two drive‑in doors with forklift access
Contact an agent
(773) 736-3600 Call to check price and availability
More about this property
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