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    4439 Rice St Chicago, IL 60651

    Sponsored
    For Lease
    $10 SF/Yr ($19,238 /Mo)

    21,987 SF Warehouse, Prime Location

    Lot size:
    21,987 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 21,987-square-foot industrial warehouse, located at 4439 W Rice St, Chicago, IL 60651, presents a compelling investment opportunity. The property, situated in Cook County (APN: 16-03-321-005 through 16-03-321-009), is zoned PMD-9 and features a single-tenant occupancy. Built in 1942 and renovated in 2009, this two-story building boasts a 14-foot ceiling height, enhancing operational efficiency. Two drive-in doors facilitate convenient loading and unloading, while heavy power ensures ample capacity for various industrial applications. The warehouse includes 2,755 square feet of office space distributed across two floors, providing ample administrative space. Its strategic location offers easy access to major transportation routes, including proximity to I-90 and I-290 (within 10-15 minutes), and is a short drive to Chicago Avenue and the Chicago Central Business District (approximately 20 minutes). This property is ideally suited for manufacturing, distribution, or warehousing businesses seeking a well-maintained facility in a thriving Northwest Industrial corridor within the West Humboldt Park neighborhood. The combination of its functional design, convenient location, and substantial square footage makes this an attractive option for businesses seeking a strategic foothold in the Chicago market.

    Property Features for 4439 Rice St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,987 SF
    Total Rate
    19238.63

    Building Details

    Year Renovated
    2009
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    21,987 SF
    Rate per SF
    $10
    Property Profile Location Intelligence

    Current Use by Public Records

    Paragon Spring Co Spring Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.737820176584
    Latitude
    41.896104234781

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    FAQs

    What type of property is this?
    Distribution property - 21,987 SF Warehouse, Prime Location
    Where is this distribution property located?
    The property is located at 4439 Rice St Chicago, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
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    4439 Rice St Chicago, IL 60651
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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
    4439 Rice St Chicago, IL 60651
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