Two-Story Industrial Warehouse and
For Sale
Contact for pricing
5923-27 S Wentworth, Chicago, IL 60637
Rehabilitated C1-1 property with flexible warehouse, office, parking, and drive-in access.
Property Size7,000 SF
Price / SF$75
Days on Market99
Property Features for 5923-27 S Wentworth
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
12
Property subtype
Industrial, Office
Zoning
C1-1
Investment Type
Owner/User
Warehouse & Industrial
Warehouse Space
4,000 SF
Office Build-Out
3,000 SF
Drive-In Doors
2
Sprinkler System
Yes
Additional Details
Asking Price
$525,000
Utilities to Site
Yes
Office Units
2
Amenities
kitchenettes
Building Details
Year Built
1896
Year Renovated
2017
Buildings
1
Stories
2
Units
2
Building Size
7,000 SF
Listing Agency:
BAUVISTA
Listed By:
Gene Hart · License #IL 475.149185
(219) 465-8584
Source:
Crexi
Added: Jul 13
Changed: Oct 19
Last Checked: Oct 19 at 4:54AM
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 BAUVISTA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story industrial property combines approximately 4,000 square feet of ground-floor warehouse space with approximately 3,000 square feet of second-floor office space. The building was gut-rehabilitated in 2017 and is configured as two adjoining duplex units, with the flexibility to operate as a single occupant or owner-user facility. Two 14-foot drive-in doors support warehouse access, while multiple private offices and two kitchenettes serve the office component.
The property includes separate utilities, a sprinkler system throughout, five bathrooms—including two full bathrooms—and exterior parking. Zoned C1-1, the 7,000-square-foot building offers a combination of industrial workspace and office accommodations at 5923-27 S Wentworth in Chicago’s Washington Park neighborhood.
The property includes separate utilities, a sprinkler system throughout, five bathrooms—including two full bathrooms—and exterior parking. Zoned C1-1, the 7,000-square-foot building offers a combination of industrial workspace and office accommodations at 5923-27 S Wentworth in Chicago’s Washington Park neighborhood.
Key Highlights
- Approximately 7,000 SF across warehouse and office components
- Approximately 4,000 SF of first‑floor warehouse space
- Approximately 3,000 SF of second‑floor office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,897
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,940
$877.9K
Cap Rate 7%
$627,100
$627.1K
Cap Rate 9%
$487,744
$487.7K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$66.0K $9.43/SF
− Vacancy
−$3.3K −$0.47/SF
EGI
$62.7K $8.96/SF
− OpEx
−$18.8K −$2.69/SF
NOI
$43.9K $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%
$877,940
Cap Rate 7%
$627,100
Cap Rate 9%
$487,744
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.50M
NOI $150,192 @ 7.0% cap · market cap 28.61%
Second Best
Flex RnD
$1.15M
$1.01M – $1.35M
NOI $80,808 @ 7.0% cap · market cap 15.39%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,034 @ 7.0% cap · market cap 44.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
2
Office units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Similar Off Market Nearby
- Mama Lucy's Catering — 6054 S Prairie Ave, Chicago, IL 60637
- Ms. Biscuit — 5431 S Wabash Ave, Chicago, IL 60615
Frequently Asked Questions
What type of property is this?
Flex space - Rehabilitated C1-1 property with flexible warehouse, office, parking, and drive-in access.
Where is this flex space located?
The property is located at 5923-27 S Wentworth Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 7,000 SF across warehouse and office components; Approximately 4,000 SF of first‑floor warehouse space; Approximately 3,000 SF of second‑floor office space
