Property profile

4131 State St Chicago, IL 60609

OFF-MARKET
Warehouses
60,000 SF 1.3 ac lot
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Property summary

AI-generated overview

This exceptional 60,000 square foot industrial property, located at 4131 S State St in Chicago, Illinois, presents a significant investment opportunity. The building, classified as M1-2 zoning, boasts a versatile layout suitable for manufacturing and warehousing operations. The three-story structure sits on a 1.3-acre lot and features a 14-20 foot ceiling height, providing ample vertical space for various industrial needs. The property includes one loading dock and one dock-high door, ensuring efficient loading and unloading of goods. Completely renovated in 2019, this property is in excellent condition and ready for immediate occupancy. Its strategic location offers convenient access to major transportation arteries, including the I-90/94 expressway, and is within close proximity to the CTA Red and Green lines, as well as CTA bus service, ensuring easy employee commutes and efficient logistics. The asking price for this vacant property is $5,395,000. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving Chicago market.

Property profile

Verified
Property type Warehouses
Total area 60,000 SF
Lot 1.3 ac (56,628 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
  • Landscaping (Bike/Boat/Book/etc) Store
  • Charitable Organization Social Service Agency
  • Landscaping General Contractor
  • Real Estate Agency
  • Coworking & Hybrid Office

Location

4131 State St 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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