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    1 Chicago Ave Elizabeth, PA 15037

    For Lease
    $6 SF/Yr

    52,000 SF Warehouse - Excellent Location

    Lot size:
    52,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 52,000-square-foot warehouse in Elizabeth, Pennsylvania, presents a significant opportunity for industrial businesses. Located at 1 Chicago Ave, this single-tenant property sits on a substantial 2.327-acre lot, offering ample space for operations and storage. The building boasts four convenient drive-in doors, facilitating efficient loading and unloading. Three-phase power is readily available, catering to the needs of various industrial applications. The property's M-1 Light Industrial zoning allows for a wide range of uses, including light manufacturing, distribution, and logistics. Its strategic location provides easy access to major transportation arteries, being less than one mile from Route 51 and three miles from Route 43, ensuring seamless transportation and logistics. The expansive lot size also allows for a secure laydown yard, adding to the property's versatility and operational efficiency. This warehouse is ready for immediate occupancy, offering a blank canvas for your business to thrive in Allegheny County. The property is zoned for M-1 Light Industrial use. This is a rare opportunity to secure a large, well-located industrial space in a thriving area.

    Property Features for 1 Chicago Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,000 SF
    Total Rate
    27083.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    52,000 SF
    Rate per SF
    $6

    HighLights

    • 52,000 SF warehouse on a 2.32‑acre lot in Elizabeth, PA.
    • Four drive‑in doors (10'x18', 14'x20', two 13'x18').
    • Approximately 46,000 SF of warehouse space and 6,500 SF of heated/cooled office space with a chair lift.
    • Two 10‑ton cranes.
    • Three‑phase power.
    • Excellent location: less than one mile from Route 51 and three miles from Route 43; substantial laydown yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NILCO - Pittsburgh Distribution Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.8815894
    Latitude
    40.2779535

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    FAQs

    What type of property is this?
    Distribution property - 52,000 SF Warehouse - Excellent Location
    Where is this distribution property located?
    The property is located at 1 Chicago Ave Elizabeth, PA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 52,000 SF warehouse on a 2.32-acre lot in Elizabeth, PA.; Four drive-in doors (10'x18', 14'x20', two 13'x18').; Approximately 46,000 SF of warehouse space and 6,500 SF of heated/cooled office space with a chair lift.
    Request Owner's contact information
    1 Chicago Ave Elizabeth, PA 15037
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    Elizabeth, PA 15037
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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
    1 Chicago Ave Elizabeth, PA 15037
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