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    1616 Glenlake Ave Chicago, IL 60660

    • Industrial properties
    • 11,700 SF
    • 0.34 lot acres
    For Sale
    View listing
    $1,375,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1689626
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1616 Glenlake Ave

    Year built
    1968
    Lot size
    0.34 lot acres
    Property size
    11,700 SF
    Property type
    Industrial properties
    APN
    14-06-217-036
    APU
    1406217036

    Description

    This exceptional 10,400-square-foot industrial flex space, located at 1616 W Glenlake Ave in Chicago's Edgewater neighborhood (zip code 60660), presents a unique investment opportunity. The single-story building boasts 12-14 foot ceilings and sits on a sizable 14,700-square-foot lot, zoned B3-2. Currently vacant with an occupancy date of October 9, 2024, this property is ideal for a variety of uses, including light industrial, warehouse, and distribution operations. Its former use as a printing shop also makes it suitable for commercial or residential redevelopment. The property benefits from its strategic location, offering excellent access to Lake Shore Drive and public transportation. The surrounding area boasts a strong daytime population of 31,870 and a median household income within 1.5 miles of $59,545, indicating a robust market. High traffic volume, with nearly 20,000 vehicles passing daily on nearby Clark Street, further enhances its commercial viability. This is a rare chance to acquire a centrally located property in a thriving North Side neighborhood. The asking price is $1,375,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $490,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $580,000
      Mixed-Use
      $465,000
      Hospitality
      $440,000
      Educational
      $475,000
      Residential Income
      $560,000
      Energy
      $425,000
      Income-Based Land
      $515,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.671
    Latitude
    41.9931
    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
    $40,725
    $91,500
    $106,500
    $198,000
    -
    $366,000
    $426,000
    $792,000

    Comparable in this City

    • Value Estimation
      $2,445,000
      25,100 SF

      5915 Ravenswood Ave

      INDUSTRIAL (GENERAL) • 25,100 SF
      5915 Ravenswood Ave, Chicago, IL 60660-3107
      View Details
    • Value Estimation
      $785,000
      23,900 SF

      1811 Bryn Mawr Ave

      INDUSTRIAL (GENERAL) • 23,900 SF
      1811 Bryn Mawr Ave, Chicago, IL 60660-3903
      View Details
    • Value Estimation
      $3,885,000
      22,500 SF

      5645 Ravenswood Ave

      INDUSTRIAL (GENERAL) • 22,500 SF
      5645 Ravenswood Ave, Chicago, IL 60660-3922
      View Details
    • Value Estimation
      $3,720,000
      22,500 SF

      5645 Ravenswood Ave

      INDUSTRIAL (GENERAL) • 22,500 SF
      5645 Ravenswood Ave, Chicago, IL 60660-3922
      View Details
    • Value Estimation
      $650,000
      28,000 SF

      1122 Hollywood Ave

      INDUSTRIAL (GENERAL) • 28,000 SF
      1122 Hollywood Ave, Chicago, IL 60660
      View Details
    • Value Estimation by Request
      14,800 SF

      5842 Clark St

      INDUSTRIAL (GENERAL) • 14,800 SF
      5842 Clark St, Chicago, IL 60660
      View Details

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    • Contact for pricing
      10,400 SF

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    1616 Glenlake Ave
    Chicago, IL 60660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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