Property profile

5246 Elston Ave Chicago, IL 60630

OFF-MARKET
Office Spaces
33,000 SF
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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

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company
  • Auto Parts Store

Location

5246 Elston Ave Chicago, IL 60630
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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