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3401 N California Ave Chicago, IL 60618

Retail space Google Maps
94,300 SF 2.41 ac lot Built 1950
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
3401 N California Ave, Chicago, IL 60618 For Lease
Contact for pricing 32,107 SF available
3401 N California Ave, Chicago, IL 60618
View Listing →
Estimated value (blended)
$20.12M
Range $18.10M – $22.13M (±10%)
Property ID US28-1027155

Property summary

AI-generated overview

This exceptional 32,070 square foot industrial property, located at 3401 N California Avenue in Chicago's Avondale submarket, presents a unique opportunity for businesses seeking versatile space. The property is situated in Cook County, Illinois, and boasts a single-tenant occupancy configuration. The building offers a flexible layout suitable for manufacturing, warehousing, or showroom operations. A significant portion of the space, approximately 32,070 square feet, is dedicated to warehouse or manufacturing use, while an additional 3,000 square feet of office or showroom space is conveniently located at the front of the building, facing California Avenue. The property includes two loading docks, facilitating efficient loading and unloading of goods. This prime location in the Avondale submarket offers excellent access to major transportation routes, making it an ideal choice for businesses requiring seamless logistics. The property is currently vacant and ready for immediate occupancy. The address is 3401 N California Ave, Chicago, IL 60618. This is a single-tenant property with a total area of 32,070 square feet.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1950
Total area 94,300 SF
Lot 2.41 ac (104,915 SF)
APN 13-24-400-008
UPID US28-1027155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Parking Lot & Garage Gas Station
  • Take-out & Catering
  • Bank Credit Union
  • Hardware & Home Improvement General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$20.41M
Comparable Approach Comparable
$14.49M
Blend (final) Blend
$20.12M

Owner & transaction history

since 2025
Last sale
$20.5M
3 recorded transactions
2025
Price N/A
2021
Price N/A
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $24.0M +63.5%
Neighborhood: shopping center $22.5M +53.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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