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    4743 Washtenaw Ave Chicago, IL 60632

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    For Sale
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    Prime Chicago industrial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.72-acre parcel of land is strategically located at 4743 S Washtenaw Ave in Chicago, Illinois, within Cook County, zip code 60632. The property is classified as industrial land, specifically zoned M1-2. Its location offers excellent access to major transportation routes, facilitating efficient logistics and distribution. The expansive lot size presents a significant opportunity for developers seeking to construct new industrial facilities, warehouses, or other related commercial structures. Given its zoning and size, this property is well-suited for a variety of industrial uses, making it an attractive investment for businesses seeking to establish or expand their operations in the Chicago metropolitan area. The coordinates for this property are latitude 41.80722042505717 and longitude -87.69049219224073. This is a rare opportunity to acquire a sizable industrial land parcel in a highly desirable location within Chicago. Serious inquiries are encouraged to explore the potential of this exceptional property. The property is ready for immediate development.

    Property Features for 4743 Washtenaw Ave

    General Information

    Property type
    Land
    Lot Size
    74,923 SF

    HighLights

    • 1.72‑acre industrial land parcel in Chicago, IL.
    • Located at 4743 S Washtenaw Ave, Chicago, IL 60632.
    • Cook County location.
    • Zoned M1‑2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.690492192241
    Latitude
    41.807220425057

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    FAQs

    What type of property is this?
    Land - Prime Chicago industrial land, ideal for development.
    Where is this land located?
    The property is located at 4743 Washtenaw Ave Chicago, IL.
    What are key features of this property?
    This property features: 1.72-acre industrial land parcel in Chicago, IL.; Located at 4743 S Washtenaw Ave, Chicago, IL 60632.; Cook County location.
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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
    4743 Washtenaw Ave Chicago, IL 60632
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