You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

1648 Kinzie St Chicago, IL 60622

OFF-MARKET Life science properties Google Maps
30,000 SF Built 1908
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 30,000-square-foot mixed-use property at 1648 W. Kinzie Street in Chicago's Kinzie Corridor presents a unique redevelopment opportunity. The vacant, multi-tenant building, constructed in 1908, features two buildings with three stories each, offering 12' to 20' ceiling heights. The property sits on a 12,721-square-foot lot and boasts an additional 38,163 square feet of air rights, allowing for significant expansion potential. The first floor of the main building features concrete and steel construction with drive-in door access. The northern building offers expansive 8,589-square-foot floor plates showcasing exposed brick, concrete, and heavy timber, all accessible via a central elevator shaft. The property benefits from PMD 4A zoning, allowing for adaptive reuse and a variety of development options. Its prime location offers excellent visibility to Metra commuters (over 90,000 daily riders), proximity to major interstates (I-90/94 & I-290), and convenient access to public transportation, including the Green and Pink Line L stations and Metra service. The surrounding area is experiencing significant growth, with nearby attractions such as Brew Yards and Altitude Trampoline Park, and the presence of numerous healthcare institutions and thriving incubators like the ICNC's Make City Incubator and the Hatchery food incubator. This location offers easy access to the West Loop, Fulton Market, River West, Goose Island, and Wicker Park neighborhoods, making it an ideal location for a variety of businesses. The property is offered fee simple.

Property profile

Verified
Property type Life science properties
Year built 1908
Total area 30,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recording Studio

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1648 Kinzie St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message