Flex Industrial Auto
4257 W Montrose Ave Chicago, IL 60641
4257 W Montrose Ave, Chicago, IL, 60641
Contact for pricing
For Sale
Contact for pricing
Flex industrial building with three standard and one oversized drive-in door, plus recent roof, heat units, and washroom upgrades.
Property Size3,500 SF
Price / SF$198.57
Days on Market51
Property Features for 4257 W Montrose Ave
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- INDUSTRIAL
Listing agency
Millennium Properties Real Estate
(312) 338-3001
Listed by
Susan B. Silver · License #475136992
Source
Moodyscre
Added: Jun 2 Updated: Jul 21 at 4:21PM Checked: Jul 21 at 4:21PM
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 Millennium Properties Real Estate
Investment Insights
Based on property information with market context.
This flex industrial building is approximately 3,500 SF and currently configured as a luxury car body shop with storage. The property includes four drive-in doors—three standard doors and one oversized drive-in door—supporting efficient vehicle access. Improvements completed recently include a new roof and updated heating units, along with renovations to the washroom and kitchen area.
On the equipment side, the building has two electric lifts and two storage lifts. Parking is provided for six vehicles. The property offers easy access to I-90/94 via Kennedy Expressway and is located close to major commercial corridors.
The existing layout combines shop and storage space with the drive-in access and lift infrastructure needed for automotive repair and detailing operations.
On the equipment side, the building has two electric lifts and two storage lifts. Parking is provided for six vehicles. The property offers easy access to I-90/94 via Kennedy Expressway and is located close to major commercial corridors.
The existing layout combines shop and storage space with the drive-in access and lift infrastructure needed for automotive repair and detailing operations.
Key Highlights
- 3,500 SF flex industrial building currently used as a luxury car body shop and storage
- Loading access includes three standard drive‑in doors and one oversized drive‑in door
- Recent improvements: new roof and four heating units, plus updated washroom and kitchen area
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 | $75.6k | $21.60 |
| − Vacancy | −$6.4k | −$1.84 |
| EGI | $69.2k | $19.76 |
| − OpEx | −$20.8k | −$5.93 |
| NOI | $48.4k | $13.83 |
3,500 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$691.7K
$605.3K – $807.0K
NOI $48,422 @ 7.0% cap · market cap 6.97%
Second Best
Flex RnD
$577.2K
$505.1K – $673.4K
NOI $40,404 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,517 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nu-Dell Air Conditioning ...
Hardware & Home Improvement
Nu Dell Home ...
Home Appliance Store
Similar For Sale Nearby
Similar Off Market Nearby
- T&W Solutions LLC — 4042 N Pulaski Rd STE 1, Chicago, IL 60641
- Wisepak Foods LLC — 4225 N Pulaski Rd, Chicago, IL 60641
- letuscater — 4425 W Montrose Ave # 7, Chicago, IL 60641
- Chef Rafael & Son's Restaurant — 3816 W Montrose Ave, Chicago, IL 60618
- Sabroso Catering — 4026 N Milwaukee Ave, Chicago, IL 60641
FAQs
What type of property is this?
Flex space - Flex industrial building with three standard and one oversized drive-in door, plus recent roof, heat units, and washroom upgrades.
Where is this flex space located?
The property is located at 4257 W Montrose Ave Chicago, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,500 SF flex industrial building currently used as a luxury car body shop and storage; Loading access includes three standard drive‑in doors and one oversized drive‑in door; Recent improvements: new roof and four heating units, plus updated washroom and kitchen area
