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Industrial Building with Development Potential

4618 W Fullerton Ave Chicago, IL

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7,500 SF building with extra lots for parking/development.

Type:OFFICE
Property size:
7,200 SF
Lot size:
0.20 Acres
Price / SF:
$138/SF
Added:
Sep 10, 2025
Days on Market:
306
Last Refresh:
May 20 at 8:14 pm

Property Features for 4618 W Fullerton Ave

General Information

Standard status
Active
Size
7,200 SF
Lot size
0.20 Acres
Property subtype
OFFICE

Properties For Sale

at 4618 W Fullerton Ave Contact us

Listing office Jameson Commercial

Listing date Sep 10, 2025

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 Jameson Commercial


Investment Insights

Based on property information with market context.

The property features a 7,500 square foot building with M1-1 zoning, suitable for businesses needing office and warehouse or industrial space. The industrial warehouse space includes high 12-foot ceilings and two rear drive-in doors. In addition to the main building, the property includes two 24x100 lots, totaling 4,800 square feet, located at 2414-2416 N Kenton, zoned B1-1. These lots offer potential for additional parking or development. Gated parking is available in the rear, with additional parking options and the possibility of inside parking for work vehicles. Situated on busy Fullerton Avenue, the property is conveniently located near multiple public transportation options. In 2021, the city approved this facility for a capacity of 160 dogs for boarding and training. The property is located within a Chicago enterprise zone and a TIF district.

Key Highlights

  • 7,500 square foot building with M1‑1 zoning, suitable for office and warehouse/industrial use.
  • Includes two additional B1‑1 zoned lots (24x100 each) for parking or development.
  • Approved for boarding and training up to 160 dogs.

Local Financial Insights For Warehouse

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 $67.9k $9.43
− Vacancy −$3.7k −$0.52
EGI $64.2k $8.91
− OpEx −$9.6k −$1.34
NOI $54.5k $7.57
7,200 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use
Office B
$2.21M
$1.93M – $2.57M (±1% cap)
NOI $154,483 @ 7.0% cap · market cap 15.45%
Second Best
Warehouse
$779.1K
$681.7K – $909.0K (±1% cap)
NOI $54,537 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M (±1% cap)
NOI $237,635 @ 7.0% cap · market cap 23.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tech Support Center Electrical Service

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

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FAQs

What type of property is this?
Warehouse - 7,500 SF building with extra lots for parking/development.
Where is this warehouse located?
The property is located at 4618 W Fullerton Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 7,500 square foot building with M1‑1 zoning, suitable for office and warehouse/industrial use.; Includes two additional B1‑1 zoned lots (24x100 each) for parking or development.; Approved for boarding and training up to 160 dogs.
Contact an agent
(312) 216-8000 Call to check price and availability
More about this property
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