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    4131 State St Chicago, IL 60609

    Sponsored
    For Sale
    $5,395,000

    Spacious warehouse & manufacturing space. Ideal for diverse industrial uses.

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60,000 square foot industrial property, located at 4131 S State St in Chicago, Illinois, presents a significant investment opportunity. The building, classified as M1-2 zoning, boasts a versatile layout suitable for manufacturing and warehousing operations. The three-story structure sits on a 1.3-acre lot and features a 14-20 foot ceiling height, providing ample vertical space for various industrial needs. The property includes one loading dock and one dock-high door, ensuring efficient loading and unloading of goods. Completely renovated in 2019, this property is in excellent condition and ready for immediate occupancy. Its strategic location offers convenient access to major transportation arteries, including the I-90/94 expressway, and is within close proximity to the CTA Red and Green lines, as well as CTA bus service, ensuring easy employee commutes and efficient logistics. The asking price for this vacant property is $5,395,000. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving Chicago market.

    Property Features for 4131 State St

    General Information

    Property type
    Distribution properties
    Square Feet
    60,000 SF
    Lot Size
    56,628 SF

    Building Details

    Stories
    3

    HighLights

    • 60,000 SF industrial building on a 1.3‑acre lot in Chicago, IL.
    • M1‑2 zoning, suitable for manufacturing and warehousing.
    • 14‑20' ceiling height, one loading dock, one dock‑high door.
    • Completely renovated in 2019, vacant and ready for occupancy.
    • Excellent location near I‑90/94, CTA Red/Green lines, and bus service.
    • Asking price: $5,395,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Omni Ecosystems Landscape Architect Another Chance Chicago Non-Profit Organization Omni Ecosystems LLC Landscape Designer Real Estate Growth ... Real Estate Agency Hatch 41 Coworking Space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6258875
    Latitude
    41.8190175

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    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse & manufacturing space. Ideal for diverse industrial uses.
    Where is this distribution property located?
    The property is located at 4131 State St Chicago, IL.
    What is the asking price?
    The asking price for this property is $5,395,000.
    What are key features of this property?
    This property features: 60,000 SF industrial building on a 1.3-acre lot in Chicago, IL.; M1-2 zoning, suitable for manufacturing and warehousing.; 14-20' ceiling height, one loading dock, one dock-high door.
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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
    4131 State St Chicago, IL 60609
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