Otto Avenue Manufacturing
5211 Otto Ave Chicago, IL 60656
For Sale
$3,300,000
Manufacturing facility available for purchase.
Property Size32,400 SF
Price / SF$101.85
Days on Market115
Property Features for 5211 Otto Ave
General Information
Standard status
Active
Size
32,400 SF
Property subtype
Warehouse
Building Details
Year Built
1965
Listing Agency:
Marcus & Millichap - Dallas
(312) 327-5459
Listed By:
Reese D. Isacson · License #License(s): IL: 475.21653
(312) 327-5459
Source:
Marcusmillichap
Added: Apr 7
Changed: Jul 10
Last Checked: Jul 30 at 2:30AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The property at 5211-5213 Otto Avenue is a manufacturing facility. The property has a size of 32400 square feet.
Key Highlights
- Sole manufacturing facility
- Marcus & Millichap representation
- Located at 5211‑5213 Otto Avenue
Financial Insights For Industrial
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 | $305.5k | $9.43 |
| − Vacancy | −$15.3k | −$0.47 |
| EGI | $290.3k | $8.96 |
| − OpEx | −$87.1k | −$2.69 |
| NOI | $203.2k | $6.27 |
32,400 SF · lease $9.43/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.90M
$2.54M – $3.39M
NOI $203,179 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.28M
$13.37M – $17.82M
NOI $1,069,356 @ 7.0% cap · market cap 32.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility available for purchase.
Where is this manufacturing property located?
The property is located at 5211 Otto Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Sole manufacturing facility; Marcus & Millichap representation; Located at 5211‑5213 Otto Avenue
