Brick Flex Building with Overhead
For Sale
$649,900
4730 W Armitage Avenue, Chicago, IL 60639
Commercial Sale, Chicago, IL
Property Size5,625 SF
Lot Size0.14 Acres
Price / SF$115.54
Days on Market94
Property Features for 4730 W Armitage Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUS
Directions
Just east of Cicero Ave on Armitage across from Home Depot
Subdivision
CHI - Belmont Cragin
Standard status
Active
APN
13341250310000
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16071
Utilities
Utilities
Natural Gas Available
Building Details
Year built
1929
Floors in Building
1
Building materials
Brick
Roof type
Membrane
Listing Agency:
Keller Williams ONEChicago · Keller Williams Realty
(312) 216-2422
Listed By:
Greg Viti · License #475122100
(773) 617-8880
Added: Jul 6
Changed: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 12694492
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,625-square-foot flex building provides an adaptable industrial layout with broad open work areas, a private office, and dedicated storage equipped with pallet racking. High ceilings, exposed brick construction, abundant natural light, and overhead door access support manufacturing, warehousing, distribution, contractor, and other light industrial operations. The building was constructed in 1929 and features a membrane roof, while natural gas is available at the property. The site encompasses 0.1432 acres and carries INDUS zoning.
The property is directly across from Home Depot and offers access to major transportation routes. Its Chicago location places the building within the 60639 postal area of Cook County.
The property is directly across from Home Depot and offers access to major transportation routes. Its Chicago location places the building within the 60639 postal area of Cook County.
Key Highlights
- 5,625‑square‑foot flex building on 0.1432 acres
- INDUS zoning supports industrial property use
- Open work areas with high ceilings and overhead door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,707
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,140
$534.1K
Cap Rate 7%
$381,529
$381.5K
Cap Rate 9%
$296,744
$296.7K
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$36.5K $6.48/SF
− Vacancy
−$5.0K −$0.89/SF
EGI
$31.4K $5.59/SF
− OpEx
−$4.7K −$0.84/SF
NOI
$26.7K $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%
$534,140
Cap Rate 7%
$381,529
Cap Rate 9%
$296,744
Alternative Uses
Best Use
Flex RnD
$976.2K
$854.2K – $1.14M
NOI $68,335 @ 7.0% cap · market cap 10.51%
Second Best
Warehouse
$381.5K
$333.8K – $445.1K
NOI $26,707 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,096 @ 7.0% cap · market cap 26.79%
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
1,601
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Chicago, IL
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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 - Open work areas, a private office, pallet-rack storage, and natural light support varied industrial operations.
Where is this flex space located?
The property is located at 4730 W Armitage Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 5,625‑square‑foot flex building on 0.1432 acres; INDUS zoning supports industrial property use; Open work areas with high ceilings and overhead door access
