Flex Industrial
For Lease
Contact for pricing
5005 W 63rd St, Chicago, IL 60638
Flex building offered vacant, with a sizable land footprint and immediate access to major expressways.
Space Size17,200 SF
Lot Size1.60 Acres
Days on Market450
Property Features for 5005 W 63rd St
General Information
Standard status
Active
Size
17,200 SF
Lot size
1.60 Acres
Property subtype
FLEX_R_AND_D
Lease Type
NNN
Site & Location
Neighborhood
Garfield Ridge
Highway Access
Yes
Spaces For Lease
at 5005 W 63rd St
5011 W 63rd St
$18/SF/Yr
Floor
Bldg
Size
17,200 SF
Type
FLEX_R_AND_D
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Prime Location: Directly across from Midway International Airport, a high-traffic and logistics-intensive area.
- Large Land Footprint: 1.6 acres of land provides additional income potential through parking or outdoor storage.
- Flex Building: 17,200 SF of flexible space suitable for industrial, retail, showroom, or service uses.
- Delivered Vacant: Ideal for owner-users or investors looking to lease up at market rates.
- Excellent Accessibility: Immediate access to major expressways including I-55 and I-294.
- Strong Demand Drivers: Surrounded by industrial and commercial users with consistent demand for well-located space near the airport.
- Value-Add Opportunity: Lease-up strategy or potential redevelopment in a dense, transit-oriented corridor.
Contact us
Listing Agency:
Matthews Real Estate Investment Services | Chicago
(866) 889-0550
Listed By:
Matthew Ladd · License #475201193
(773) 619-4527
Source:
Moodyscre
Added: Aug 6, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:57AM
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 Matthews Real Estate Investment Services | Chicago
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Investment Insights
Based on property information with market context.
This vacant flex industrial building offers 17,200 square feet of flexible space for a range of light industrial and showroom/service-type uses. The property includes a 1.6-acre land footprint that may support additional on-site income through parking or outdoor storage, depending on operating needs.
The site is directly across from Midway International Airport and sits within a logistics-intensive corridor. It provides immediate access to major expressways, including I-55 and I-294, supporting convenient regional reach for tenants serving customers and employees throughout the Chicago area.
The site is directly across from Midway International Airport and sits within a logistics-intensive corridor. It provides immediate access to major expressways, including I-55 and I-294, supporting convenient regional reach for tenants serving customers and employees throughout the Chicago area.
Key Highlights
- 17,200 SF flex building on 1.6 acres, offered vacant for owner‑users or investors to lease up.
- Located directly across from Midway International Airport in a high‑traffic logistics area.
- Immediate access to major expressways including I‑55 and I‑294.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60638, IL
56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Chicago, IL
$18.26 /SF/Yr
Avg Asking Price
$8–$33 /SF/Yr
Price Range
16,264 SF
Avg Space Size
This space is priced 1% below the average of $18.26 /SF/Yr.
Vacancy Rate% for Industrial in Chicago, IL
Similar Off Market Nearby
- Sky Blue Catering Inc — 6540 S Lavergne Ave, Chicago, IL 60638
- Food Truck El Arandas Birrieria y Taqueria — 6305 S Leamington Ave, Chicago, IL 60638
Frequently Asked Questions
What type of property is this?
Flex space - Flex building offered vacant, with a sizable land footprint and immediate access to major expressways.
Where is this flex space located?
The property is located at 5005 W 63rd St Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 17,200 SF flex building on 1.6 acres, offered vacant for owner‑users or investors to lease up.; Located directly across from Midway International Airport in a high‑traffic logistics area.; Immediate access to major expressways including I‑55 and I‑294.
