Listing Agency: Strauss Realty, Ltd. Show Phone

Listed By: Adam Schneiderman · License #475149601 Show Phone

Source: Moodyscre

Added: Sep 8, 2025 Changed: Sep 12 Last Checked: Oct 4 at 10:54AM

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Investment Insights

Based on property information with market context.

This 33,000 square foot warehouse is equipped with a wet sprinkler system. It is located in Ward 41, represented by Alderman Anthony V. Napolitano. The property is situated approximately 8 miles from O'Hare International Airport and half a mile from the Edison Park Metra station.

Key Highlights

• Half a mile to Edison Park Metra
• 8 miles to O’Hare
• Wet Sprinkler system installed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$206,941

Cap Rate

8.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,138,820 $4.1M

Cap Rate 7%

$2,956,300 $3.0M

Cap Rate 9%

$2,299,344 $2.3M

Market Conditions

NOI Build-Up for 33,000 SF

Gross rent

$311.2K $9.43/SF

− Vacancy

−$15.6K −$0.47/SF

EGI

$295.6K $8.96/SF

− OpEx

−$88.7K −$2.69/SF

NOI

$206.9K $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%

$4,138,820

Cap Rate 7%

$2,956,300

Cap Rate 9%

$2,299,344

Alternative Uses

Best Use

Warehouse

$3.57M

$3.12M – $4.17M (±1% cap)

NOI $249,963 @ 7.0% cap · market cap 10.02%

Second Best

Industrial

$2.96M

$2.59M – $3.45M (±1% cap)

NOI $206,941 @ 7.0% cap · market cap 8.29%

Theoretical Best

Office A

$15.56M

$13.61M – $18.15M (±1% cap)

NOI $1,089,158 @ 7.0% cap · market cap 43.65%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Restaurant Auto Parts Store Barber Shop Food Market Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,244

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019

5.4% 2020

4% 2021

3.3% 2022

4.5% 2023

4.5% 2024

4.7% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 33,000 SF warehouse, 8 miles from O'Hare Airport.

Where is this warehouse located?

The property is located at 6467 N Avondale Ave Chicago, IL.

What is the asking price?

The asking price for this property is $2,495,000.

What are key features of this property?

This property features: Half a mile to Edison Park Metra; 8 miles to O’Hare; Wet Sprinkler system installed