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    OFF-MARKET
    Warehouses

    124 47Th St, Chicago, IL 60609

    20,000 SF 0.21 ac lot Built 1907
    Property ID
    Property summary
    AI-generated overview

    This exceptional 20,000-square-foot warehouse, located at 124 W 47th Street in Chicago, Illinois, presents a compelling investment opportunity. The property, built in 1907, is a Class C, free-standing building situated on a 0.21-acre lot (with potential for additional land acquisition). The warehouse features one loading dock and one drive-in door, offering convenient access for loading and unloading. The building is a two-story structure with a single unit and is zoned M1-2, allowing for a variety of industrial uses. Its strategic location offers immediate access to I-90, providing seamless connectivity to major transportation routes. The property benefits from its proximity to the Stockyards Industrial Park, Bronzeville, Bridgeport, and Pilsen, providing access to a robust workforce and a wealth of amenities. The location is also approximately 30 minutes from O'Hare International Airport. This property offers significant potential for future expansion, making it an attractive investment for businesses seeking a well-located, functional warehouse space in a thriving industrial area of Chicago. The Cook County Assessor's Parcel Number (APN) is 20-04-446-030-0000. The asking price for this unique opportunity is $425,000.

    Property profile
    Verified
    Property type Warehouses
    Year built 1907
    Total area 20,000 SF
    Lot 0.21 ac (9,148 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
    • Famous Lubricants Inc Logistics Company
    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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