Property profile & analytics
1500 Western Ave Chicago, IL 60608-1828
- Industrial properties
- 474,700 SF
- 2.98 lot acres
OFF-MARKET
Value Estimations
$18,770,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1708546
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
- Nicholas Wolfe / Furniture & Home Goods / Home Decor Store
- Melissa Elias Styling & Design / Art Studio
- Dixon Art Services LLC / Freight Service / Logistics Company
- Aguilar Construction / Construction Company
- Design on the Edge / Interior Design / Home Decor Store
Property Details for 1500 Western Ave
- Year built
- 1916
- Lot size
- 2.98 lot acres
- Property size
- 474,700 SF
- Property type
- Industrial properties
- APN
- 16-24-224-001
- APU
- 1624224001
Description
The Midland Building presents a significant opportunity for businesses seeking prime industrial space in a highly desirable location. This 500,000 square-foot multi-tenant building offers a blend of warehouse and traditional office space, perfect for distribution and light industrial operations. Situated minutes from Chicago's Loop, the property provides unparalleled access to major Chicagoland expressways, including I-90, I-94, I-290, I-55, I-294, and I-57, ensuring efficient transportation and logistics. The building features a 10-foot ceiling height, four loading docks for convenient freight handling, and 24/7 secure access for peace of mind. On-site management and indoor parking add to the convenience and security offered. Located at 1500 South Western Avenue (2400 West), just three blocks south of the intersection of Ogden and Western Avenues, this property benefits from a strategic location within Cook County, offering easy access to a robust workforce and a thriving market. The building's versatile layout and ample space make it an ideal choice for a variety of businesses seeking a modern and efficient industrial facility in a central location. This is a rare opportunity to secure a substantial footprint in a highly sought-after area.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $20,926,000
Market price range: $16.2M - $82.1M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.687
- Latitude
- 41.8607
- 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
$342,597
$129,888
$1,530,112
$1,660,000
-
$519,552
$6,120,448
$6,640,000
