32,559 SF Flex/Industrial
For Sale
Contact for pricing
4709-4723 W N Ave, Chicago, IL
Flex/industrial property with high exposure and lighted intersection.
Property Size32,559 SF
Lot Size0.74 Acres
Price / SF$69.11
Days on Market579
Property Features for 4709-4723 W N Ave
General Information
Standard status
Active
Size
32,559 SF
Lot size
0.74 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 4709-4723 W N Ave
4709 - 4723 W N Ave
AVAILABLE, Now
Floor
1
Size
32,559 SF
Type
INDUSTRIAL
Sublease
No
- Located in Chicago’s West Humboldt Park Neighborhood and is one of ten neighborhoods in the city selected for Chicago’s INVEST South/West Commercial Corridor Improvement strategy.
- Directly east of the North Ave / Cicero lighted intersection.
- Steps away from two major demand generators, Walmart & Walgreens.
- Conveniently located 0.8 miles from the Grand/Cicero Stop on Milwaukee District West line.
Contact us
Listing Agency:
CBRE | Chicago
(312) 935-1400
Listed By:
Cliff Vann
(312) 233-8683
Source:
Moodyscre
Added: Mar 5, 2025
Changed: Sep 5
Last Checked: Oct 4 at 1:11PM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
This property offers 32,559 square feet of flex and industrial space. The location benefits from a lighted intersection and high exposure along North Avenue.
Key Highlights
- 32,559 SF available
- High exposure with North Ave frontage
- Lighted intersection for easy access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,176
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,083,520
$4.1M
Cap Rate 7%
$2,916,800
$2.9M
Cap Rate 9%
$2,268,622
$2.3M
Market Conditions
NOI Build-Up for 32,559 SF
Gross rent
$307.0K $9.43/SF
− Vacancy
−$15.4K −$0.47/SF
EGI
$291.7K $8.96/SF
− OpEx
−$87.5K −$2.69/SF
NOI
$204.2K $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%
$4,083,520
Cap Rate 7%
$2,916,800
Cap Rate 9%
$2,268,622
Alternative Uses
Best Use
Flex RnD
$5.37M
$4.70M – $6.26M
NOI $375,861 @ 7.0% cap · market cap 16.70%
Second Best
Industrial
$2.92M
$2.55M – $3.40M
NOI $204,176 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$15.35M
$13.43M – $17.91M
NOI $1,074,603 @ 7.0% cap · market cap 47.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,238
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial property with high exposure and lighted intersection.
Where is this flex space located?
The property is located at 4709-4723 W N Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 32,559 SF available; High exposure with North Ave frontage; Lighted intersection for easy access
