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    OFF-MARKET
    Warehouses

    1631-1639 Carroll Ave, Chicago, IL 60612

    22,816 SF Built 1926
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Zoning & alternative use
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