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    OFF-MARKET
    Office Spaces

    5246 Elston Ave, Chicago, IL 60630

    33,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6,000-square-foot creative office space, located at 5246 N. Elston Ave. (2nd Floor) in Chicago's Forest Glen Neighborhood (Elston Corridor submarket), offers a unique blend of character and modern functionality. Situated within a 33,000-square-foot building, this single-tenant space boasts a mostly open layout, ideal for various business uses. Features include stunning hardwood floors, exposed brick walls, high ceilings, and abundant natural light from numerous skylights and operable windows. The space benefits from a full HVAC system, ensuring year-round comfort. Additional amenities include a private balcony, three bathrooms, a kitchenette, a storage closet, a janitor's closet with a slop sink, a few private offices, and a lounge area. The current build-out is in excellent condition and ready for immediate occupancy, or the landlord is open to customizing the space to meet specific tenant requirements. The property is zoned M1-1 and offers 19-30 parking spaces. This is a rare opportunity to secure a highly desirable creative office space in a vibrant Chicago neighborhood.

    Property profile
    Verified
    Property type Office Spaces
    Total area 33,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Factory Motor Parts Distribution Center Logistics Company
    • FMP ELSTON Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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