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    5000 Homan Ave Chicago, IL 60632

    Sponsored
    For Lease
    $144 SF/Yr

    Spacious warehouse, prime location, recent renovations.

    Lot size:
    128,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 128,100-square-foot warehouse, located at 5000 S Homan Ave in Chicago, IL 60632, presents a significant opportunity. The property, built in 1993 and extensively renovated in 2024, features a single-tenant occupancy and boasts a desirable B-class designation. The building comprises 128,100 total square feet, with 20,000 square feet currently vacant, offering immediate expansion potential. The expansive 15.88 acres of land provide ample room for future development or expansion. The warehouse's impressive features include 30-foot high ceilings, ideal for efficient storage and maximizing space utilization. There are 17 loading docks and 17 dock-high doors, ensuring smooth and efficient loading and unloading operations. The property also offers 60 total parking spaces, including one drive-in bay, providing ample parking for employees and visitors. The building is equipped with elevators and a robust 480-volt power supply. The M-2 zoning allows for a variety of industrial uses. This strategically located warehouse in the Chicagoland submarket of Cook County offers easy access to major transportation routes and the city center. Recent renovations incorporated energy-efficient lighting and systems, resulting in reduced operational costs and a smaller environmental footprint. This property is an excellent investment opportunity for businesses seeking a modern, efficient, and well-located warehouse space.

    Property Features for 5000 Homan Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    128,100 SF
    Class
    B
    Total Rate
    1537200

    Building Details

    Year Built/Renovated
    1993/2024
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    20,000 SF
    Rate per SF
    $144

    HighLights

    • Excellent trucking terminal and distribution center.
    • Ample heavy truck and trailer parking.
    • Strategically located near intermodal transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stop & Go Repairs Truck Repair Shop Brite Logistics trucking ... Trucking Company Spider by BrandSafway Construction Equipment Supplier Secured Truck and Trailer ... Parking Lot SafwayAtlantic by BrandSafway ... Scaffolding Rental 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
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7087546
    Latitude
    41.8032997

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    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse, prime location, recent renovations.
    Where is this distribution property located?
    The property is located at 5000 Homan Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $144 SF/Yr.
    What are key features of this property?
    This property features: Excellent trucking terminal and distribution center.; Ample heavy truck and trailer parking.; Strategically located near intermodal transportation.
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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
    5000 Homan Ave Chicago, IL 60632
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