Brick Warehouse with Drive-In
4271 N Elston Avenue Chicago, IL 60618
4271 N Elston Avenue, Chicago, IL, 60618
Contact for pricing
For Sale
Contact for pricing
Brick flex warehouse with two overhead drive-in doors and an included basement, sold as-is.
Property Size5,200 SF
Price / SF$153.85
Days on Market18
Property Features for 4271 N Elston Avenue
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1915
Listing agency
Star Realty & Management
(312) 371-2564
Listed by
Tyler Weekes · License #475174404
Source
Crexi
Added: Jul 5 Updated: Jul 21 at 12:03PM Checked: Jul 22 at 8:26AM
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 Star Realty & Management
Investment Insights
Based on property information with market context.
This flex property includes a 5,200+ square foot brick warehouse with a basement. The structure is built with solid masonry construction and offers flexible warehouse space configured for a variety of commercial or industrial uses. The building requires substantial construction, and the property is being sold as-is.
The property is located on Elston Avenue in Chicago’s Mayfair neighborhood, with access to I-90/94 and major arterial roads. Public transportation and surrounding commercial corridors provide additional connectivity, and the site is described as offering excellent visibility and accessibility.
The building features two overhead drive-in doors, supporting straightforward loading and delivery operations. Prospective buyers are instructed to verify zoning, permitted uses, and all building information.
The property is located on Elston Avenue in Chicago’s Mayfair neighborhood, with access to I-90/94 and major arterial roads. Public transportation and surrounding commercial corridors provide additional connectivity, and the site is described as offering excellent visibility and accessibility.
The building features two overhead drive-in doors, supporting straightforward loading and delivery operations. Prospective buyers are instructed to verify zoning, permitted uses, and all building information.
Key Highlights
- 5,200+ SF brick warehouse with basement in Chicago’s Mayfair neighborhood (Year built: 1915)
- Elston Avenue flex warehouse with flexible warehouse space for commercial or industrial uses
- Two overhead drive‑in doors for warehouse access and loading
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 | $93.6k | $18.00 |
| − Vacancy | −$9.4k | −$1.80 |
| EGI | $84.2k | $16.20 |
| − OpEx | −$29.5k | −$5.67 |
| NOI | $54.8k | $10.53 |
5,200 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 6.84%
Second Best
Warehouse
$384.2K
$336.2K – $448.2K
NOI $26,894 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,039 @ 7.0% cap · market cap 19.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Cassava Empanadas — 3929 N Central Park Ave, Chicago, IL 60618
- 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
- Shmeal — 3823 N Monticello Ave, Chicago, IL 60618
FAQs
What type of property is this?
Flex space - Brick flex warehouse with two overhead drive-in doors and an included basement, sold as-is.
Where is this flex space located?
The property is located at 4271 N Elston Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,200+ SF brick warehouse with basement in Chicago’s Mayfair neighborhood (Year built: 1915); Elston Avenue flex warehouse with flexible warehouse space for commercial or industrial uses; Two overhead drive‑in doors for warehouse access and loading
