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2900 Chicago Ave Chicago, IL 60622

OFF-MARKET Industrial properties Google Maps
9,200 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 9,200-square-foot flex space in Chicago's vibrant Cook County (zip code 60622) presents a unique investment opportunity at $1,265,000. Located at 2900 W Chicago Ave, this single-tenant property boasts a net lease structure and offers significant potential for diverse uses. Completely renovated in 2018, the space features a stunning build-out including modern glass offices, meticulously finished walls and doors, a dedicated conference room, updated bathrooms, a functional kitchen, and a high-efficiency HVAC system. The warehouse area benefits from new doors. The property also includes 10 parking spaces, a significant advantage given its location. With a 12-foot ceiling height and one dock-high door, the warehouse area is highly functional and adaptable. The building sits on a 12,500-square-foot lot, providing ample space and potential for future expansion. The asking price of $137.50 per square foot reflects the property's prime location, recent renovations, and versatile design. Its excellent accessibility and high traffic volume make it suitable for a wide range of businesses, including warehouse operations, artist studios/live-work spaces, car washes, general retail, and auto supply businesses. This property offers a compelling blend of modern amenities, functional design, and a strategic location, making it an attractive investment prospect.

Property profile

Verified
Property type Industrial properties
Total area 9,200 SF

Cap rate & NOI

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

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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