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Warehouse Space Available For Lease
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2635 S Wabash Ave, Chicago, IL 60616

24,000 SF warehouse space available for temporary use.

Property Size24,000 SF
Days on Market1521

Property Features for 2635 S Wabash Ave

General Information

Standard status Active
Size 24,000 SF
Property subtype Industrial
Listing Agency: Chicago Real Estate Resources Inc
Listed By: Nate Gautsche · License #IL 475120343
Source: Crexi
Added: Jun 2, 2022 Changed: Jul 6 Last Checked: Jul 30 at 4:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Real Estate Resources Inc

Investment Insights

Based on property information with market context.

Available for lease is a 24,000-square-foot ground floor warehouse space suitable for temporary use, with a maximum lease term of 12 months. The space features a loading dock and private restrooms. The property includes 40 parking spaces. The space is divisible down to 5,000 square feet. Rent is negotiable.

Key Highlights

  • 24,000 sf of ground floor space available
  • Divisible down to 5,000 sf
  • Benefit from 40 parking spaces on site

Property Analytics

Current Use

Canalport Vending Co Big Box & Wholesale Store Professional Elevator Services General Contractor Team Fumaca Academy Training Center Kray Distributors Warehouse & Storage The Art of Wrap Auto Repair Shop

Suggested Use

Top Pick HVAC Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Garden Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,604
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$13.92 /SF/Yr
Avg Asking Price
$4.5–$25 /SF/Yr
Price Range
30,781 SF
Avg Space Size

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025
Rey
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Similar Off Market Nearby

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  • Life Storage — 2361 S State St, Chicago, IL 60616
  • CubeSmart Self Storage — 407 E 25th St, Chicago, IL 60616

Frequently Asked Questions

What type of property is this?
Warehouse - 24,000 SF warehouse space available for temporary use.
Where is this warehouse located?
The property is located at 2635 S Wabash Ave Chicago, IL.
What are key features of this property?
This property features: 24,000 sf of ground floor space available; Divisible down to 5,000 sf; Benefit from **40 parking spaces on site**
More about this property
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