3815 Ashland Ave Chicago, IL 60609
- Industrial properties
- 304,100 SF
- 1.53 lot acres
Current Use by Public Records
- Grand A International Co., Inc. / Wholesaler / Plastic Bag Supplier
- Forte Packaging / Consultant
Property Details for 3815 Ashland Ave
- Year built
- 1918
- Lot size
- 1.53 lot acres
- Property size
- 304,100 SF
- Property type
- Industrial properties
- APN
- 17-32-300-078
- APU
- 1732300078
Description
This exceptional 99,407-square-foot refrigerated/cold storage warehouse, located at 3815 S Ashland Ave in Chicago, IL 60609, presents a significant opportunity for businesses requiring substantial cold storage capacity. The single-tenant property sits on a generous 5.02-acre lot and boasts a remarkable 50-foot ceiling height, providing ample vertical storage space. The building features 13 loading docks and one drive-in door, ensuring efficient and streamlined operations. With 46 total parking spaces, ample room is available for employee and visitor parking. The property is zoned PMD 8A, making it suitable for a variety of cold storage and distribution uses. The entire 99,407 square feet is currently vacant, offering immediate occupancy for a qualified tenant. This prime location in Chicago offers excellent access to major transportation arteries, facilitating seamless distribution throughout the region. The scale and functionality of this warehouse make it an ideal solution for large-scale cold storage operations seeking a strategically located and well-equipped facility. This is a rare opportunity to secure a substantial, ready-to-occupy cold storage warehouse in a highly desirable Chicago location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,765,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,065,000
- 6.5%
- $3,780,000
- 7%
- $3,530,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,570,000
- Geo Method
- $4,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,040,000
- Retail
- $3,325,000
- Mixed-Use
- $3,620,000
- Hospitality
- $3,910,000
- Educational
- $2,880,000
- Residential Income
- $3,020,000
- Energy
- $3,780,000
- Income-Based Land
- $3,485,000
- Food Service
- $3,010,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6643
- Latitude
- 41.8245
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
