Property profile

1534 Western Ave Chicago, IL 60608

OFF-MARKET
Warehouses
65,200 SF 1.41 ac lot
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Property summary

AI-generated overview

This exceptional 65,200-square-foot warehouse, located at 1534 S. Western Avenue in Chicago, Illinois, presents a compelling investment opportunity. Situated on a 1.41-acre lot in Cook County (zip code 60608), this four-story building boasts 12' to 14' ceilings, providing ample vertical space for various uses. The property is zoned PMD 7 and is currently vacant, offering immediate occupancy. Its strategic location offers convenient access to major transportation routes and boasts numerous loading docks and ample parking. The building's proximity to Cinespace Studios, a major film production facility, adds significant potential for synergistic business opportunities. The asking price for this substantial industrial property is $2,500,000. This property is located in an Opportunity Zone, offering potential tax advantages. This is a rare opportunity to acquire a well-situated, sizable warehouse in a thriving area of Chicago. The property's size, features, and location make it suitable for a wide range of industrial and distribution businesses. Don't miss this chance to own a piece of Chicago's industrial landscape.

Property profile

Verified
Property type Warehouses
Total area 65,200 SF
Lot 1.41 ac (61,420 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
  • Bar & Pub

Location

1534 Western Ave Chicago, IL 60608
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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