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    1612 Fulton St Chicago, IL 60612

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    For Sale
    Contact for pricing

    14,500 SF Industrial Space, Excellent Location

    Property size:
    14,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This newly renovated 14,500 square foot warehouse in Chicago's vibrant West Loop offers a unique blend of modern amenities and prime location. The property boasts 4,500 square feet of second-floor office space, perfect for administrative functions. Ten secure parking spaces are available within a fenced and gated area. The warehouse features ceiling heights ranging from 12 to 15 feet, providing ample vertical space. Improvements include upgraded LED lighting, a bow truss section with skylight, and a newly installed HVAC system for climate control. The space includes one interior loading dock and one drive-in door, ensuring efficient loading and unloading. The electrical service is robust, featuring 480 volts, 600 amps, and 3-phase power. Other key features include floor drains throughout, a triple catch basin, new plumbing and sewer lines, and new men's and women's restrooms. The property benefits from its proximity to the Loop, Fulton Market, and major expressways (I-290, I-90/94), and is just one block from the Ashland/Lake "L" stop, providing convenient access to public transportation. The sale price is subject to offer, and lease rates are available at $17.00 per square foot net.

    Property Features for 1612 Fulton St

    General Information

    Property type
    Distribution properties
    Square Feet
    14,500 SF

    HighLights

    • 14,500 SF newly renovated warehouse in Chicago's West Loop.
    • 4,500 SF of second‑floor office space.
    • Secure, gated parking for 10 cars.
    • Ceiling heights ranging from 12' to 15'.
    • Air‑conditioned warehouse with upgraded LED lighting.
    • One interior loading dock and one drive‑in door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Environmental Analysis Inc. Environmental Consultant Metro Technology Laboratory Laboratory

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6675527
    Latitude
    41.8872399

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    FAQs

    What type of property is this?
    Distribution property - 14,500 SF Industrial Space, Excellent Location
    Where is this distribution property located?
    The property is located at 1612 Fulton St Chicago, IL.
    What are key features of this property?
    This property features: 14,500 SF newly renovated warehouse in Chicago's West Loop.; 4,500 SF of second-floor office space.; Secure, gated parking for 10 cars.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1612 Fulton St Chicago, IL 60612
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