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    5440-5450 Cumberland Ave Chicago, IL 60656

    Sponsored
    For Lease
    $28 SF/Yr

    Prime O'Hare Office Space: 13 Suites Available

    Lot size:
    350,668 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    Cumberland Centre, located at 5440-5450 N Cumberland Ave in Chicago, IL 60656, offers exceptional office space within two three-story Class A buildings. This prime location in the heart of the O'Hare market boasts a total of 350,668 square feet across two buildings, situated on 4.02 acres of land. Built in 1986 and extensively renovated in 2009, the property provides a modern and efficient work environment. The buildings feature a total of 3 stories, catering to diverse business needs. Multiple tenancy options are available, ranging from 623 square feet to 52,856 square feet, providing flexibility for businesses of all sizes. Ample parking is provided, with a ratio of 3.5 spaces per 1,000 square feet. The property is situated in Cook County and offers easy access to O'Hare International Airport and major transportation routes. This is an excellent opportunity to secure high-quality office space in a highly desirable location. The property's modern amenities and strategic location make it an ideal choice for businesses seeking a productive and convenient work environment. Contact us today to learn more about the available spaces and explore the possibilities.

    Property Features for 5440-5450 Cumberland Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    350,668 SF
    Class
    A
    Total Rate
    832836.5

    Building Details

    Year Built/Renovated
    1986/2009
    Buildings
    2
    Stories
    3

    Unit(s) available at that property

    Space
    5440 - Suite 150
    Size
    2,163 SF
    Rate per SF
    $33
    Space
    5440 - Suite 111C
    Size
    3,110 SF
    Rate per SF
    $33
    Space
    5440 - Suite 303
    Size
    1,774 SF
    Rate per SF
    $28
    Space
    5440 - Suite 300
    Size
    11,701 SF
    Rate per SF
    $28
    Space
    5440 - Suite 305
    Size
    11,236 SF
    Rate per SF
    $28
    Space
    5440 - Suite 109
    Size
    623 SF
    Rate per SF
    $28
    Space
    5450 - Suite 200
    Size
    51,388 SF
    Rate per SF
    $28
    Space
    5440 - Suite 200
    Size
    25,657 SF
    Rate per SF
    $28
    Space
    5440 - Suite 103
    Size
    5,054 SF
    Rate per SF
    $33
    Space
    5440 - Suite 111D
    Size
    1,030 SF
    Rate per SF
    $33
    Space
    5440 - Suite 310
    Size
    9,284 SF
    Rate per SF
    $28
    Space
    5440 - Suite 225
    Size
    12,562 SF
    Rate per SF
    $28
    Space
    5450 - Suite 300
    Size
    52,856 SF
    Rate per SF
    $28
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.8374004
    Latitude
    41.9778216

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    FAQs

    What type of property is this?
    Office Property / Space - Prime O'Hare Office Space: 13 Suites Available
    Where is this office property / space located?
    The property is located at 5440-5450 Cumberland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $28-$33 SF/Yr.
    Request Owner's contact information
    5440-5450 Cumberland Ave Chicago, IL 60656
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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
    5440-5450 Cumberland Ave Chicago, IL 60656
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