Property profile

1631-1639 Carroll Ave Chicago, IL 60612

OFF-MARKET
Warehouses
22,816 SF Built 1926
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Property summary

AI-generated overview

This exceptional West Loop industrial property, located in Chicago's desirable Kinzie Corridor, offers 22,816 square feet of flexible space, divisible into two 11,408-square-foot units. Situated at 1631-1639 W Carroll Ave, this one-story building boasts a prime location near Metra train lines (Ogilvie and Union Station) and convenient access to new CTA stations (Morgan and Lake). Built in 1926, the property features a 0.3-acre lot and includes three drive-in doors, providing excellent loading and unloading capabilities. The ground floor offers a secure warehouse area with 12-foot ceilings, sprinklers, heating, and an office. The second floor, accessible via freight elevator and stairs, is an open loft space with abundant natural light, 12-foot ceilings, three bathrooms, and newly finished floors. The building is equipped with 800 amps of power (specific details TBD), and an elevator is available. The property's PMD-4 zoning makes it suitable for a variety of uses, including artists' studios, design firms, engineering and architectural offices, distribution centers, production facilities, and more. Its central location offers easy distribution throughout the Chicagoland area. This property presents a unique opportunity to acquire a versatile and well-located industrial space in a thriving Chicago neighborhood. The property's address is 1631-1639 W Carroll Ave, Chicago, IL 60612.

Property profile

Verified
Property type Warehouses
Year built 1926
Total area 22,816 SF

Cap rate & NOI

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

Location

1631-1639 Carroll Ave Chicago, IL 60612
Chicago metro
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Value estimations

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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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