615 California AveChicago, IL 60612

  • Industrial properties
  • 25,000 SF
For Lease
$8.50/SF/YR View listing

Property Details for 615 California Ave

Year built
1932
Lot size
0.63 AC
Property size (Sq ft)
25,000 SF
Property type
Industrial properties
Property subtype
Other industrial properties
APN
16-13-400-023
APU
1613400023

Description

This exceptional industrial property, located at 615 S California Ave, Chicago, IL 60612, offers 15,000 square feet of immediately available warehouse and office space within a larger 26,000 square foot building. Situated in the East Garfield Park submarket of Chicago, this single-tenant property boasts a convenient location, just steps from I-290 at California and Flournoy, providing easy access to the Central Business District, the West Loop, and the Illinois Medical District. The building is classified as Class C and features one story with a total lot size of 36,758 square feet. The space includes a valuable 5-ton crane, significantly enhancing its functionality for various manufacturing or warehousing needs. Access is facilitated by one drive-in door and a short dock suitable for straight trucks. Limited gated off-street parking is also available. The property is zoned M1-2 and is ready for occupancy in July 2024. This is an excellent opportunity for businesses seeking a well-located, functional industrial space with key features to support efficient operations. Don't miss this chance to secure this prime location in a thriving Chicago submarket.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,196,169
    Hospitality
    $8,423,641
    Educational
    $7,008,371
    Medical
    $7,249,400
    Retail
    $10,901,910
615 California Ave, Chicago, Illinois
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Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8732
Longitude
-87.6956
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$29,718
$43,164
$100,828
$143,992
-
$172,656
$403,312
$575,968

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