Flex Building with
For Sale
$750,000
4616 W Fullerton Avenue, Chicago, IL 60639
Office areas and industrial workspace are arranged within a single commercial building.
Property Size7,500 SF
Lot Size0.21 Acres
Price / SF$100
Days on Market27
Property Features for 4616 W Fullerton Avenue
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.21 Acres
Property subtype
COMMERCIAL
Zoning
M1-1
Site & Location
Neighborhood
Kelvyn Park
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
2
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$24,554
Building Details
Building Size
7,500 SF
Year Built
1950
Buildings
1
Listing Agency:
Jameson Sotheby's Intl Realty
(312) 751-0300
Listed By:
Art Collazo · License #475131028
(773) 551-5165
Source:
Bradlippitz
Added: Oct 1
Changed: Oct 26
Last Checked: Oct 26 at 11:16AM
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 Jameson Sotheby's Intl Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1950, this 7,500-square-foot flex building combines office space with an industrial warehouse on a 9,000-square-foot lot. The warehouse has 12-foot ceilings and two rear drive-in doors. Gated parking is located at the back of the property, with additional parking options and indoor vehicle space also described. The site is zoned M1-1.
Two additional lots, each measuring 24 by 100 feet and totaling 4,800 square feet, are offered as an option. Located diagonally across from the property's rear, they carry B1-1 zoning. The building received city approval in 2021 for a 160-dog boarding and training facility. The property fronts Fullerton Avenue in Chicago and is accessible by multiple public transportation options. It is within a Chicago Enterprise Zone and a TIF district.
Two additional lots, each measuring 24 by 100 feet and totaling 4,800 square feet, are offered as an option. Located diagonally across from the property's rear, they carry B1-1 zoning. The building received city approval in 2021 for a 160-dog boarding and training facility. The property fronts Fullerton Avenue in Chicago and is accessible by multiple public transportation options. It is within a Chicago Enterprise Zone and a TIF district.
Key Highlights
- 7,500‑square‑foot flex building on a 9,000‑square‑foot lot
- Industrial warehouse with 12‑foot ceilings and two rear drive‑in doors
- Gated rear parking, additional parking options, and indoor vehicle space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,609
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,180
$712.2K
Cap Rate 7%
$508,700
$508.7K
Cap Rate 9%
$395,656
$395.7K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$48.6K $6.48/SF
− Vacancy
−$6.7K −$0.89/SF
EGI
$41.9K $5.59/SF
− OpEx
−$6.3K −$0.84/SF
NOI
$35.6K $4.75/SF
Area
ZIP 60639
Vacancy
13.80%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,180
Cap Rate 7%
$508,700
Cap Rate 9%
$395,656
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,114 @ 7.0% cap · market cap 12.15%
Second Best
Warehouse
$508.7K
$445.1K – $593.5K
NOI $35,609 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,128 @ 7.0% cap · market cap 30.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
Similar Off Market Nearby
- Saranecki Brothers Catering — 4726 W Armitage Ave, Chicago, IL 60639
Frequently Asked Questions
What type of property is this?
Flex space - Office areas and industrial workspace are arranged within a single commercial building.
Where is this flex space located?
The property is located at 4616 W Fullerton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7,500‑square‑foot flex building on a 9,000‑square‑foot lot; Industrial warehouse with 12‑foot ceilings and two rear drive‑in doors; Gated rear parking, additional parking options, and indoor vehicle space
