Garage with Office and Yard

4554 W N Ave, Chicago, IL

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For Sale

Contact for pricing

13,400 SF garage with office, plus 58,000 SF yard.

Type:INDUSTRIAL

Property size:

13,400 SF

Lot size:

0.69 Acres

Price / SF:

$212/SF

HighLights

13,400 sq ft Garage with attached 3,000 sq ft air‑conditioned office showroom
58,000 sq ft paved and fenced yard space
8,000 sq ft main garage building with mezzanine storage, radiant floor heat, and gas unit heater
22' clear ceilings and five drive‑in doors
Concrete floors with triple catch basin floor drains
Negotiable Possession

We can help!

Listing Contact

Dominic “Nick” Saraceno

Learn more

For Sale

Contact for pricing

13,400 SF garage with office, plus 58,000 SF yard.

Type:INDUSTRIAL

Property size:

13,400 SF

Lot size:

0.69 Acres

Price / SF:

$212/SF

Added:: Oct 28, 2024
Days on Market:: 598
Last Refresh:: May 20 at 9:03 pm

Property Features for 4554 W N Ave

General Information

Standard status: Active
Size: 13,400 SF
Lot size: 0.69 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Dominic “Nick” Saraceno

Listing agent Dominic “Nick” Saraceno

Listing office CTK Chicago Partners | Chicago

Listing date Oct 28, 2024

Source Moodyscre

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 CTK Chicago Partners | Chicago

HighLights

13,400 sq ft Garage with attached 3,000 sq ft air‑conditioned office showroom
58,000 sq ft paved and fenced yard space
8,000 sq ft main garage building with mezzanine storage, radiant floor heat, and gas unit heater
22' clear ceilings and five drive‑in doors
Concrete floors with triple catch basin floor drains
Negotiable Possession

Overview

This property features a 13,400 square foot garage with an attached office showroom, complemented by 58,000 square feet of yard space. The air-conditioned office area totals approximately 3,000 square feet. The lot is paved and fenced. The main garage building, spanning 8,000 square feet, includes additional mezzanine storage, radiant floor heat, and a gas unit heater. The garage area features 22' clear ceilings, five drive-in doors, and concrete floors equipped with triple catch basin floor drains, making it suitable for garage-related operations. Possession is negotiable.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$289.4k	$21.60
− Vacancy	−$24.6k	−$1.84
EGI	$264.8k	$19.76
− OpEx	−$79.5k	−$5.93
NOI	$185.4k	$13.83

13,400 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.65M

$2.32M – $3.09M (±1% cap)

NOI $185,386 @ 7.0% cap · market cap 6.50%

Second Best

Warehouse

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,500 @ 7.0% cap · market cap 3.56%

Theoretical Best

Office A

$6.32M

$5.53M – $7.37M (±1% cap)

NOI $442,264 @ 7.0% cap · market cap 15.52%

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

Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

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Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -95.903872
Latitude: 36.0686745

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For sale
Warehouses
IL
Chicago
4554 W N Ave

What type of property is this?

Warehouse - 13,400 SF garage with office, plus 58,000 SF yard.

Where is this warehouse located?

The property is located at 4554 W N Ave Chicago, IL.

What is the asking price?

The asking price for this property is $2,850,000.

What are key features of this property?

This property features: 13,400 sq ft Garage with attached 3,000 sq ft air‑conditioned office showroom; 58,000 sq ft paved and fenced yard space; 8,000 sq ft main garage building with mezzanine storage, radiant floor heat, and gas unit heater

4554 W N Ave, Chicago, IL

13,400 SF garage with office, plus 58,000 SF yard.

Property Features for 4554 W N Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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