Self Storage
6542 N Clark St, Chicago, IL 60626
For Sale
Contact for pricing
For sale self-storage building with warehouse-style space totaling 44,220 square feet.
Property Size44,220 SF
Price / SF$231.80
Days on Market667
Property Features for 6542 N Clark St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
33 Realty
(773) 327-4975
Listed By:
Sean Connelly · License IL #481011345
(773) 245-0587
Source:
Moodyscre
Added: Jan 17, 2025
Changed: Oct 26
Last Checked: Nov 12 at 8:59AM
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 33 Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a self-storage building offered for sale, configured to support storage use within warehouse-style space. Total size is 44,220 square feet.
The asset is located at 6542 N Clark St in Chicago, Illinois.
The asset is located at 6542 N Clark St in Chicago, Illinois.
Key Highlights
- For sale self‑storage building with 44,220 SF of warehouse‑style storage space
- Building described as a self‑storage property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$414,536
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,290,720
$8.3M
Cap Rate 7%
$5,921,943
$5.9M
Cap Rate 9%
$4,605,956
$4.6M
Market Conditions
NOI Build-Up for 44,220 SF
Gross rent
$636.8K $14.40/SF
− Vacancy
−$44.6K −$1.01/SF
EGI
$592.2K $13.39/SF
− OpEx
−$177.7K −$4.02/SF
NOI
$414.5K $9.37/SF
Area
Chicago, IL
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,290,720
Cap Rate 7%
$5,921,943
Cap Rate 9%
$4,605,956
Alternative Uses
Best Use
Self Storage
$5.92M
$5.18M – $6.91M
NOI $414,536 @ 7.0% cap · market cap 4.04%
Second Best
Warehouse
$4.79M
$4.19M – $5.58M
NOI $334,951 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$20.85M
$18.24M – $24.32M
NOI $1,459,472 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,484
Businesses Nearby
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Business Placement
Demographics for 60626, IL
50,548
Population
26,812
Households
1.9
Avg Household Size
36
Median Age
53%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
29,734
Density / Sq Mi
$57,452
Median Household Income
$39,527
Median Earnings
$1,265
Median Rent
$269,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Self storage facilities in Cook County
Vacancy Rate% for Industrial in Chicago, IL
Frequently Asked Questions
What type of property is this?
Self storage facility - For sale self-storage building with warehouse-style space totaling 44,220 square feet.
Where is this self storage facility located?
The property is located at 6542 N Clark St Chicago, IL.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: For sale self‑storage building with 44,220 SF of warehouse‑style storage space; Building described as a self‑storage property
