2143 51St Pl Chicago, IL 60609
- Office Properties & Spaces
- 4,000 SF
- 1.00 lot acres
Current Use by Public Records
- NLN Depot / Container Service
- Hurtado’s Cartage / Trucking Company
Property Details for 2143 51St Pl
- Year built
- 2016
- Lot size
- 1.00 lot acres
- Property size
- 4,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Land
Description
This exceptional Chicago property at 2143 W. 51st Place offers a unique blend of commercial office space and significant land development potential. The 4,000 square foot, Class B office building, built in 2016, features high-end finishes and is currently 40% occupied under a gross lease with multiple tenants. The single-story structure sits on a sizable 1 to 4.13-acre lot in Cook County, Illinois, zip code 60609, providing ample room for redevelopment or expansion. The property boasts convenient access to expressways and is just minutes from downtown Chicago, situated within a strong workforce community. Additional features include an inactive train spur line on the property, secured and gated access, and excellent signage opportunities. The current rental rate for the land is $4,750 per acre. This presents a compelling opportunity for investors seeking a combination of immediate income generation from the existing office space and long-term value appreciation through land development in a prime Chicago location. The property's size, location, and existing infrastructure make it an ideal candidate for a variety of redevelopment projects.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.679
- Latitude
- 41.801
