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Property profile & analytics
FOR LEASE
Industrial properties
1612 W Fulton St Chicago, IL 60612
Entity Owned
29-yr Hold
Free & Clear
Property ID
US28-0863508
For Lease
1 / 2
$14 SF/Yr
1612 W Fulton St, Chicago, IL 60612
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Property summary
AI-generated overview
This exceptional 14,500-square-foot warehouse, located at 1612 W Fulton Street in Chicago, IL 60612, presents a significant opportunity for businesses seeking a single-tenant industrial space. The property boasts a spacious layout, ideal for various industrial uses, and features impressive ceiling heights ranging from 12 to 15 feet, providing ample vertical storage capacity. Convenient loading and unloading is ensured with one dock-high door and one drive-in door. Ten on-site parking spaces are available for employees and visitors. The warehouse is currently vacant and ready for immediate occupancy. The property benefits from robust electrical service, including 480 volts, 600 amps, and 3-phase power, suitable for energy-intensive operations. Its strategic location in Chicago offers excellent access to major transportation arteries, facilitating efficient distribution and logistics. This is a rare opportunity to secure a well-appointed, single-tenant warehouse in a prime Chicago location. The property is available for lease and offers a blank canvas for your business needs. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1913
Total area
14,800 SF
Lot
0.25 ac (10,788 SF)
APN
17-07-407-025
UPID
US28-0863508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Environmental Analysis Inc. Environmental Consultant
-
Metro Technology Laboratory Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
MDC PARTNERSHIP
MDC PARTNERSHIP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+18.3%
Office building
$2.0M
+3.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,545,000
6.5%
$1,430,000
7%
$1,325,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,925,000
Current use
RETAIL STORES
$2,275,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$1,995,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,775,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,674
Tax year 2022
Assessed value
$168,005
Assessed 2022
Previous assessed
$168,005
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$28,318
Assessed improvement
$139,687
Land market value
$113,272
Improvement market value
$558,748
Total market value
$672,020
Applied tax rate
77,106.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1913
Heating
NONE
Stories
2
Total area
14,800 SF
Lot
0.25 ac (10,788 SF)
APN
17-07-407-025
UPID
US28-0863508
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1913
Heating
NONE
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
MDC PARTNERSHIP
Individual
Free & Clear · 0 yrs held
Mailing address
1612 W FULTON ST, CHICAGO, IL 60612-2508
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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