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    124 47Th St Chicago, IL 60609

    For Sale
    $425,000

    20,000 SF Warehouse, Ideal Location

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 20,000-square-foot warehouse, located at 124 W 47th Street in Chicago, Illinois, presents a compelling investment opportunity. The property, built in 1907, is a Class C, free-standing building situated on a 0.21-acre lot (with potential for additional land acquisition). The warehouse features one loading dock and one drive-in door, offering convenient access for loading and unloading. The building is a two-story structure with a single unit and is zoned M1-2, allowing for a variety of industrial uses. Its strategic location offers immediate access to I-90, providing seamless connectivity to major transportation routes. The property benefits from its proximity to the Stockyards Industrial Park, Bronzeville, Bridgeport, and Pilsen, providing access to a robust workforce and a wealth of amenities. The location is also approximately 30 minutes from O'Hare International Airport. This property offers significant potential for future expansion, making it an attractive investment for businesses seeking a well-located, functional warehouse space in a thriving industrial area of Chicago. The Cook County Assessor's Parcel Number (APN) is 20-04-446-030-0000. The asking price for this unique opportunity is $425,000.

    Property Features for 124 47Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    20,000 SF
    Class
    C
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1907
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 20,000 square feet of available space.
    • 0.35 acres of additional land available for expansion.
    • One drive‑in loading dock.
    • Free‑standing building.
    • Potential for future expansion.
    • Excellent I‑90 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Famous Lubricants Inc Exporter

    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
    -87.6293476
    Latitude
    41.8093821

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    FAQs

    What type of property is this?
    Distribution property - 20,000 SF Warehouse, Ideal Location
    Where is this distribution property located?
    The property is located at 124 47Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 20,000 square feet of available space.; 0.35 acres of additional land available for expansion.; One drive-in loading dock.
    Request Owner's contact information
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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
    124 47Th St Chicago, IL 60609
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