Contractor
For Sale
Contact for pricing
4311 W BELMONT Avenue, Chicago, IL 60641
Warehouse space identified for contractor operations in Chicago.
Property Size4,000 SF
Price / SF$0.00
Days on Market54
Property Features for 4311 W BELMONT Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
COMMERCIAL
Building Details
Building Size
4,000 SF
Year Built
1950
Listing Agency:
Avondale Realty LLC
Listed By:
Leszek Gadek · License #475154135
(773) 415-4113
Source:
Harkinsandassociates
Added: Aug 31
Changed: Oct 12
Last Checked: Oct 21 at 6:48AM
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 Avondale Realty LLC
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Investment Insights
Based on property information with market context.
This warehouse property offers 4,000 square feet of commercial space associated with contractor use. The building dates to 1950 and is located at 4311 W Belmont Avenue in Chicago, Illinois 60641.
Key Highlights
- 4,000 SF warehouse building
- Identified for contractor use
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,299
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,980
$606.0K
Cap Rate 7%
$432,843
$432.8K
Cap Rate 9%
$336,656
$336.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$37.7K $9.43/SF
− Vacancy
−$2.1K −$0.52/SF
EGI
$35.6K $8.91/SF
− OpEx
−$5.3K −$1.34/SF
NOI
$30.3K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,980
Cap Rate 7%
$432,843
Cap Rate 9%
$336,656
Alternative Uses
Best Use
Warehouse
$432.8K
$378.7K – $505.0K
NOI $30,299 @ 7.0% cap · market cap 302,990.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,019 @ 7.0% cap · market cap 1,320,190.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space identified for contractor operations in Chicago.
Where is this warehouse located?
The property is located at 4311 W BELMONT Avenue Chicago, IL.
What are key features of this property?
This property features: 4,000 SF warehouse building; Identified for contractor use; Built in 1950
