3401 California Ave Chicago, IL 60618
- Retail space
- 94,300 SF
- 2.41 lot acres
Current Use by Public Records
- Cardtronics ATM / Atm
- Road Ranger / Truck Stop / Convenience Store
- Subway / Fast Food Restaurant / Takeout Restaurant
- Western Union / Money Transfer Service
- Ollies Garage Doors / Handyman / Garage Door Supplier
Property Details for 3401 California Ave
- Year built
- 1950
- Lot size
- 2.41 lot acres
- Property size
- 94,300 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 13-24-400-008
- APU
- 1324400008
Description
This exceptional 32,070 square foot industrial property, located at 3401 N California Avenue in Chicago's Avondale submarket, presents a unique opportunity for businesses seeking versatile space. The property is situated in Cook County, Illinois, and boasts a single-tenant occupancy configuration. The building offers a flexible layout suitable for manufacturing, warehousing, or showroom operations. A significant portion of the space, approximately 32,070 square feet, is dedicated to warehouse or manufacturing use, while an additional 3,000 square feet of office or showroom space is conveniently located at the front of the building, facing California Avenue. The property includes two loading docks, facilitating efficient loading and unloading of goods. This prime location in the Avondale submarket offers excellent access to major transportation routes, making it an ideal choice for businesses requiring seamless logistics. The property is currently vacant and ready for immediate occupancy. The address is 3401 N California Ave, Chicago, IL 60618. This is a single-tenant property with a total area of 32,070 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $20,115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $20,910,000
- 6.5%
- $22,170,000
- 7%
- $20,365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $21,185,000
- Geo Method
- $19,240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $19,735,000
- Retail
- $17,850,000
- Mixed-Use
- $18,640,000
- Hospitality
- $16,720,000
- Educational
- $19,420,000
- Residential Income
- $16,865,000
- Energy
- $17,205,000
- Income-Based Land
- $16,785,000
- Food Service
- $20,420,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6972
- Latitude
- 41.9432
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
