Property profile

601 81St St Chicago, IL 60620

OFF-MARKET
Warehouses
46,000 SF Built 1906
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Property summary

AI-generated overview

This vacant 46,000 square foot industrial warehouse, located at 601 W 81st Street in Chicago, Illinois, is offered for sale at $750,000. The property features two loading docks with two dock-high doors, an 18-foot ceiling height, and a freight elevator. The building, constructed in 1906, comprises one four-story structure situated on a 71,750 square foot lot. The property includes approximately 2,000 square feet of office space. Electrical service includes 1200 Amps 120-240V for the warehouse and 1600 Amps 480V for the main building. A sprinkler system is in place. The property is zoned M1-2, allowing for a variety of uses, including light manufacturing, distribution, e-commerce fulfillment, logistics, and transportation operations. Its strategic location provides easy access to major highways, public transportation (including Metra), and key transportation hubs such as Midway and O'Hare International Airports, the Port of Chicago, and the regional freight network. The property's proximity to the Green Era Campus, a developing renewable energy hub, adds to its appeal. The asking price is $750,000, representing a price per square foot of $16.30. The property is currently vacant. The Cook County Assessor's Parcel Number (APN) is 20-33-119-023-0000.

Property profile

Verified
Property type Warehouses
Year built 1906
Total area 46,000 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
  • Industrial Manufacturer Production Facility

Location

601 81St St Chicago, IL 60620
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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