2143 51St Pl Chicago, IL 60609
This exceptional Cook County property, located at 2143 W. 51st Place in Chicago, IL 60609, presents a unique opportunity. The 4,000 square foot office building, constructed in 2016, boasts a Class B rating and features a 9-foot ceiling height. Currently, the entire 4,000 square feet is vacant, offering immediate occupancy for a single tenant or the potential for multiple tenants. The property's classification as both office and land provides significant flexibility. The expansive lot size ranges from one to 4.13 acres, presenting substantial redevelopment potential. Situated near the intersection of 51st Street and Western Avenue, this location offers convenient access to major transportation routes and amenities. The property is zoned for commercial use and is ideal for businesses seeking a prominent presence in a thriving Chicago neighborhood. The existing building provides immediate income potential, while the ample land offers long-term growth opportunities. This is a rare chance to acquire a versatile property with significant upside in a highly desirable area. The property is ready for immediate occupancy or redevelopment, making it an attractive investment for both short-term and long-term strategies.
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NLN Depot Freight Service
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Hurtado’s Cartage Trucking Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.