Property profile

2143 51St Pl Chicago, IL 60609

OFF-MARKET
Office Spaces
4,000 SF Built 2016
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 2016
Total area 4,000 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
  • Freight Service
  • Trucking Company

Location

2143 51St Pl Chicago, IL 60609
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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