Property profile

3100 Homan Ave Chicago, IL 60623

OFF-MARKET
Warehouses
35,000 SF 4.45 ac lot Built 1961
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Property summary

AI-generated overview

This exceptional Chicago industrial property offers a rare opportunity to acquire three buildings totaling approximately 35,000 square feet on a substantial 4.45-acre lot. The complex, located at 3100-3106 S. Homan Avenue, features a mix of building sizes and construction types, providing flexibility for various uses. Building 3100, constructed in 1961, offers approximately 7,000 square feet with 1,200 square feet of office space, 10-15 foot ceilings, and 400 amp power. It's a masonry and steel structure with gas heating and one non-functional dock. Building 3104, also built in 1961, comprises approximately 12,000 square feet, including 220 square feet of office space, 18-20 foot ceilings, 220 amp power, and masonry and steel construction with gas heating. Loading consists of two docks (one non-functional) and one drive-in door. Finally, Building 3106, a 1990 steel structure, boasts approximately 16,000 square feet, 1,000 square feet of office space, 15-21 foot ceilings, and 400 amp, 240V, 3-phase power. This building features twelve drive-in doors, including six drive-through bays. The property benefits from ample parking, a secure yard, trailer parking, drive-through capabilities, and a triple catch basin. Its M3-3 zoning allows for potential redevelopment or expansion of parking. The location provides direct access to I-55, offering excellent transportation links. This unique offering presents a compelling investment opportunity in a prime Chicago location.

Property profile

Verified
Property type Warehouses
Year built 1961
Total area 35,000 SF
Lot 4.45 ac (193,842 SF)

Cap rate & NOI

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

Location

3100 Homan Ave Chicago, IL 60623
Chicago metro
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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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