Two-Story Flex
New
For Sale
$1,300,000
4542 West Cermak Road, Chicago, IL 60623
Vacant space combines warehouse capacity with finished administrative offices and M2-3 zoning.
Property Size18,000 SF
Price / SF$72.22
Days on Market4
Property Features for 4542 West Cermak Road
General Information
Standard status
Active
Size
18,000 SF
Class
C
Property subtype
IND, IND-DIST, IND-WHSE
Zoning
M2-3
Site & Location
Neighborhood
South Lawndale
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
1,800 SF
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Asking Price
$1,300,000
Property Use
Warehouse
Building Details
Building Size
18,000 SF
Buildings
1
Stories
1
Construction
brick
Listing Agency:
Keller Williams Chicago ONEChicago
Listed By:
Anthony Hardy · License #475139834
(773) 575-6082
Source:
Realnex
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:15PM
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 Keller Williams Chicago ONEChicago
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Investment Insights
Based on property information with market context.
This two-story flex property contains 18,000 square feet, including 1,800 square feet of office space alongside warehouse area. The building has two grade-level drive-in doors, 14-foot warehouse clear height, 400-amp three-phase electrical service, and a wet sprinkler system. The property is vacant and zoned M2-3. Contractor headquarters, light manufacturing, assembly, wholesale, and warehouse activities are identified as potential uses, subject to applicable approvals.
Located at 4542 West Cermak Road in Chicago, the property sits along the Cermak Road corridor. Its office and warehouse components are within the same building, with drive-in access and electrical service supporting a range of operational layouts.
Located at 4542 West Cermak Road in Chicago, the property sits along the Cermak Road corridor. Its office and warehouse components are within the same building, with drive-in access and electrical service supporting a range of operational layouts.
Key Highlights
- 18,000‑square‑foot building with 1,800 square feet of office space
- Two grade‑level drive‑in doors
- 14‑foot warehouse clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,877
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,540
$2.3M
Cap Rate 7%
$1,612,529
$1.6M
Cap Rate 9%
$1,254,189
$1.3M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$169.7K $9.43/SF
− Vacancy
−$8.5K −$0.47/SF
EGI
$161.3K $8.96/SF
− OpEx
−$48.4K −$2.69/SF
NOI
$112.9K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,540
Cap Rate 7%
$1,612,529
Cap Rate 9%
$1,254,189
Alternative Uses
Best Use
Flex RnD
$2.97M
$2.60M – $3.46M
NOI $207,792 @ 7.0% cap · market cap 15.98%
Second Best
Warehouse
$1.95M
$1.70M – $2.27M
NOI $136,344 @ 7.0% cap · market cap 10.49%
Theoretical Best
Office A
$8.49M
$7.43M – $9.90M
NOI $594,086 @ 7.0% cap · market cap 45.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
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
Similar Off Market Nearby
- Vitality Food Services — 1823 S Kilbourn Ave, Chicago, IL 60623
Frequently Asked Questions
What type of property is this?
Flex space - Vacant space combines warehouse capacity with finished administrative offices and M2-3 zoning.
Where is this flex space located?
The property is located at 4542 West Cermak Road Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 18,000‑square‑foot building with 1,800 square feet of office space; Two grade‑level drive‑in doors; 14‑foot warehouse clear height
