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    4401 Ogden Ave Chicago, IL 60623

    Sponsored
    For Sale
    $4,955,000

    Chicago Industrial Warehouse, 101,900 SF

    Property size:
    101,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 101,900-square-foot warehouse, located at 4401 W Ogden Ave in Chicago, IL, presents a compelling owner-user or investment opportunity. Boasting 12 loading docks (6 interior, 6 exterior) and two drive-in doors, this two-story building offers 14-foot clear ceiling heights and ample space for various industrial uses. The property sits on a substantial 3.27-acre lot, zoned M2-2, and includes 5,000 square feet of office space. Built in 1910, the warehouse benefits from significant power capacity (2,000 Amps, 440 Volt, 3-Phase). Currently, a tenant occupies 40,000 square feet plus yard space until July 15, 2025. The seller is open to leasing back the remaining space or vacating upon the sale. Its strategic location in Chicago offers excellent access to downtown and a strong labor pool, making it ideal for last-mile distribution or fleet maintenance operations. The asking price is $4,955,000, translating to $46.57 per square foot. This property represents a rare chance to acquire a well-located, functional industrial space with significant potential. The zip code is 60623, and the property is situated in Cook County, Illinois.

    Property Features for 4401 Ogden Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    101,900 SF
    Lot Size
    142,441 SF

    Building Details

    Year Built
    1910
    Stories
    2

    HighLights

    • 101,900 SF warehouse, 5,000 SF office space.
    • 3.27‑acre site.
    • 12 loading docks (6 interior, 6 exterior) and 2 drive‑in doors.
    • 14' clear ceiling height.
    • Built in 1910.
    • M2‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    used diesel engines ... Auto Repair Shop Chicago Truck Parts ... Auto Parts Store Millennium Office Furniture, ... Office Furniture Store

    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
    -87.7352759
    Latitude
    41.8469913

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    FAQs

    What type of property is this?
    Distribution property - Chicago Industrial Warehouse, 101,900 SF
    Where is this distribution property located?
    The property is located at 4401 Ogden Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,955,000.
    What are key features of this property?
    This property features: 101,900 SF warehouse, 5,000 SF office space.; 3.27-acre site.; 12 loading docks (6 interior, 6 exterior) and 2 drive-in doors.
    Request Owner's contact information
    4401 Ogden Ave Chicago, IL 60623
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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
    4401 Ogden Ave Chicago, IL 60623
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