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    4437 Rice St Chicago, IL 60651

    For Sale
    $1,150,000

    21,978 SF Warehouse, Owner/User Opportunity

    Property size:
    21,978 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional free-standing industrial warehouse, located at 4437 W Rice St in Chicago, IL 60651, presents a compelling owner-user opportunity. Spanning 21,978 square feet across two stories, this building offers significant versatility. Built in 1920 and renovated in 2009, it features 14-foot ceilings and two loading docks. The property sits on a 15,425 square foot lot and is zoned PMD-9. Its strategic location within Chicago's Northwest Industrial Corridor provides easy access to major transportation arteries, including I-90 and I-290. The asking price is $1,150,000 ($52.33/sq ft). This property benefits from its location in both an Opportunity Zone and an Enterprise Zone, offering potential tax advantages. Public transportation is readily available via the Chicago Ave. Bus Route. The building is also available for lease, offering flexibility for potential buyers. Heavy power is available on-site. The property's APN is 16-03-321-005 through 16-03-321-009. This functional manufacturing facility is ideal for a variety of industrial uses. Its prime location and adaptable space make it a highly attractive investment.

    Property Features for 4437 Rice St

    General Information

    Property type
    Distribution properties
    Square Feet
    21,978 SF

    Building Details

    Year Built/Renovated
    192/2009
    Buildings
    1
    Stories
    2

    HighLights

    • $1,150,000 asking price for this owner‑user industrial property.
    • 21,978 square foot warehouse/distribution building on a 15,425 square foot lot.
    • Located in Chicago, IL, at 4437 W Rice St, 60651.
    • Features 2 loading docks and 14' ceiling height.
    • Built in 1920, renovated in 2009, with PMD‑9 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -87.737525972865
    Latitude
    41.896110191205

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    FAQs

    What type of property is this?
    Distribution property - 21,978 SF Warehouse, Owner/User Opportunity
    Where is this distribution property located?
    The property is located at 4437 Rice St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price for this owner-user industrial property.; 21,978 square foot warehouse/distribution building on a 15,425 square foot lot.; Located in Chicago, IL, at 4437 W Rice St, 60651.
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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
    4437 Rice St Chicago, IL 60651
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