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    1401 Illinois St San Francisco, CA 94107

    For Sale
    $38,000,000

    Dogpatch Warehouse & Office Space

    Property size:
    6,194 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional San Francisco investment opportunity presents two parcels totaling 80,000 square feet of land, ideally situated in the burgeoning Dogpatch neighborhood at the corner of Illinois Street and 24th Street. The property comprises a vacant industrial complex with a mix of warehouse and office space, offering significant value-add potential. Parcel 1 features a 6,194 square foot warehouse building on approximately 43,500 square feet of land. Parcel 2 encompasses three warehouse buildings and associated office space, totaling approximately 30,701 square feet, situated on roughly 36,500 square feet of land. The complex boasts ample drive-in and dock-high loading doors, providing convenient access for various uses. Secured parking and yard space are also included, catering to a range of owner-users and investors. The property is zoned PDR-1-G and is offered at $38,000,000, with a land value of $475 per square foot. Its prime location, directly adjacent to the I-280 on-ramp, offers unparalleled access to major transportation arteries. The multi-tenant capability allows for flexibility in occupancy, whether by a single user or multiple tenants. This rare opportunity allows for immediate occupancy and the potential to increase rental income through renovations.

    Property Features for 1401 Illinois St

    General Information

    Property type
    Office space
    Square Feet
    6,194 SF

    HighLights

    • Rare opportunity: Move‑in ready, vacant industrial complex with office space and secured parking.
    • Value‑add potential: Increase rental income through renovations.
    • Multi‑tenant capability: Suitable for single or multiple users.
    • Dock & drive‑in loading: Ample drive‑in and dock‑high loading doors.
    • Excellent location: Dogpatch neighborhood, adjacent to I‑280 on‑ramp.
    • Secured parking & yard: On‑site parking and secured yard space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Abc Rugs Building Materials Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.38694081453
    Latitude
    37.754075690437

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    FAQs

    What type of property is this?
    Office space - Dogpatch Warehouse & Office Space
    Where is this office space located?
    The property is located at 1401 Illinois St San Francisco, CA.
    What is the asking price?
    The asking price for this property is $38,000,000.
    What are key features of this property?
    This property features: Rare opportunity: Move-in ready, vacant industrial complex with office space and secured parking.; Value-add potential: Increase rental income through renovations.; Multi-tenant capability: Suitable for single or multiple users.
    Request Owner's contact information
    1401 Illinois St San Francisco, CA 94107
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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
    1401 Illinois St San Francisco, CA 94107
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