Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2700 Roosevelt Rd Chicago, IL 60608-1048

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2700 Roosevelt Rd Chicago, IL 60608-1048

    View on Map
    • Industrial properties
    • 0.47 lot acres
    Off-Market
    Property ID
    US28-0797573
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DEKS North America / Building Supply / Industrial Manufacturer
    • Ella's Bubbles Walk In Tubs | Shower Walls, Doors, & Bases | Bathroom Vanities & Quartz Tops / Kitchen & Bath Showroom / Furniture & Home Goods

    Property Details for 2700 Roosevelt Rd

    Year built
    1997
    Lot size
    0.47 lot acres
    Property type
    Industrial properties
    APN
    16-13-422-012
    APU
    1613422012

    Description

    This exceptional 56,320-square-foot warehouse, located at 2700 W. Roosevelt Rd in Chicago, IL 60612, presents a significant opportunity for businesses seeking expansive industrial space. The property is currently fully vacant, offering immediate occupancy. The building boasts a substantial 25-foot ceiling height, providing ample vertical storage capacity. Efficient operations are ensured with four loading docks and two drive-in doors. The property is zoned PMD 9, allowing for a variety of industrial uses. Ample parking is available with 200 spaces provided on-site. This multi-tenant warehouse offers a strategic location in Chicago, providing easy access to major transportation arteries. The building's size and features make it ideal for distribution centers, manufacturing operations, or large-scale storage needs. With its significant square footage and excellent amenities, this warehouse is a rare find in the competitive Chicago industrial market. Contact us today to schedule a viewing and explore the possibilities this property offers. The property features two dock-high doors in addition to the four loading docks.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6939
    Latitude
    41.8669
    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
    $7,573
    $8,246
    $28,450
    $36,696
    -
    $32,984
    $113,800
    $146,784

    Comparable in this City

    • Value Estimation by Request

      Chicago, IL 60608

      INDUSTRIAL (GENERAL)
      Chicago, IL 60608
      View Details
    • Value Estimation by Request
      7.28 Acres

      3000 Ashland Ave, Unit 5A

      CONDOMINIUMS (INDUSTRIAL) • 7.28 Acres
      3000 Ashland Ave, Chicago, IL 60608-5333
      View Details
    • Value Estimation by Request
      22.26 Acres

      2404 Wolcott Ave Ste, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 22.26 Acres
      2404 Wolcott Ave Ste, Chicago, IL 60608-5342
      View Details
    • Value Estimation by Request

      Chicago, IL 60608

      INDUSTRIAL (GENERAL)
      Chicago, IL 60608
      View Details
    • Value Estimation by Request
      0.52 Acres

      2457 Damen Ave

      INDUSTRIAL (GENERAL) • 0.52 Acres
      2457 Damen Ave, Chicago, IL 60608
      View Details
    • Value Estimation by Request

      2930 Damen Ave

      INDUSTRIAL (GENERAL)
      2930 Damen Ave, Chicago, IL 60608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,748 SF

      Chicago Warehouse/Flex/Office Building For Sale

      Two-story warehouse/flex/office building with loading docks and parking.
      1674 N Ada St, Chicago, IL 60608
      View Details
    • Contact for pricing

      Pilsen Flex Space For Sale

      13,071 SF flex space in Chicago's Pilsen neighborhood.
      1643 West Cermak Rd, Chicago, IL 60608
      View Details
    • $650,000
      0.07 Acres

      Pilsen Mixed-Use Investment Opportunity

      Mixed-use building in Pilsen's historic district with high visibility.
      1721 W 18Th St, Chicago, IL 60608
      View Details
    • Contact for pricing
      24,000 SF

      Renovated Light-Industrial Building For Sale

      24,000 SF warehouse near I-55 and I-90/94 in Chicago.
      2415 W 24Th Pl, Chicago, IL 60608
      View Details
    • $159,000

      Chicago Land Across From Douglass Park

      Vacant lot across from Douglass Park, ideal for development.
      1235 S California Ave, Chicago, IL 60608
      View Details
    • Contact for pricing
      0.82 Acres

      Chicago Land Lease Opportunity

      Prime city site for storage, truck parking, and various uses.
      2432-2458 W Roosevelt Rd, Chicago, IL 60608
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9 SF

      Pilsen Land for Lease

      9.64 acres in Pilsen for parking, storage, or build-to-suit.
      977 West Cermak Rd, Chicago, IL 60608
      View Details
    • Contact for pricing

      Loomis Street PMD-11A Zoned Site

      2.34-acre site with 3,946 SF office/showroom, PMD-11A zoning.
      2217 S Loomis St, Chicago, IL 60608
      View Details
    • Contact for pricing

      Chicago Warehouse Near Produce Market

      156,000 SF warehouse with immediate access to I-55.
      2420 S Wood St, Chicago, IL 60608
      View Details
    • Contact for pricing
      85,680 SF

      Cicero Warehouse and Distribution Space

      85,680 SF warehouse with excellent highway access.
      5401 Roosevelt Rd, Cicero, IL 60608
      View Details
    • Contact for pricing
      10,210 SF

      Chicago Flex Space Available For Rent

      10,210 SF flex space in Illinois Medical District.
      2059 West Hastings St, Chicago, IL 60608
      View Details
    • Contact for pricing

      Warehouse Near Dan Ryan Expressway

      Stand-alone warehouse near the Central Business District for lease.
      2101 S Peoria St, Chicago, IL 60608
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2700 Roosevelt Rd
    Chicago, IL 60608-1048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2700 Roosevelt Rd, Chicago, IL, 60608
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!