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Property profile & analytics
FOR SALE
Industrial properties

3705 W Grand Ave Chicago, IL 60651

42,500 SF 0.1 ac lot Built 1956
Individually Owned 9-yr Hold Free & Clear
Property ID
US28-1677294
Property summary
AI-generated overview

This unique 20,000-square-foot industrial property in Chicago's Humboldt Park (60651) presents a compelling investment opportunity. The two-story, Class B building, constructed in 1956, features a versatile layout ideal for flex, manufacturing, or warehouse uses. The ground floor boasts a 10,000-square-foot warehouse with an 18-foot ceiling height, a bow truss ceiling, one dock-high door, a covered loading area, and 600 amps of power. An additional 5,000 square feet on the ground floor offers unique event space, including a bar, lounge areas, a DJ platform, climbing wall, boxing ring, locker room with sauna and shower, and a pool table area. The second floor comprises 5,000 square feet with bedrooms, kitchen areas, bathrooms, and a separate lounge. The property sits on a 21,780-square-foot lot and is zoned C2-1. Included in the sale is an additional fenced parking lot located behind the main building at 3732 W Division St. (PIN# 16021300370000). The asking price is $3,000,000, translating to $150 per square foot. This multi-tenant property offers significant potential for owner-users seeking a prime location in a high-traffic neighborhood with excellent access to major roadways. The property's diverse features and ample space make it suitable for a variety of commercial ventures. APN: 16-02-130-010-0000, 16-02-130-011-0000, 16-02-130-012-0000, 16-02-130-013-0000, 16-02-130-037-0000.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1956
Total area 42,500 SF
Lot 0.1 ac (4,175 SF)
APN 16-02-130-013
UPID US28-1677294
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
  • Regal Gourmet Snacks Big Box & Wholesale Store
  • Chicago Fabrications General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$759k
Blend (final) Blend
$650k
Owner & transaction history
Gregory Piatigorsky · 9 yrs held
Gregory Piatigorsky
since 2017
3 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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