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    OFF-MARKET
    Warehouses

    1534 Western Ave, Chicago, IL 60608

    65,200 SF 1.41 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Sandbox Chicago Bar & Pub
    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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