Property profile

3931 S Leavitt St Chicago, IL 60609

FOR LEASE
Refrigerated & Cold Storage
Property ID
US28-2320027
32,231 SF 1.06 ac lot
Trust Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional 32,231-square-foot cold storage facility, located at 3931 S Leavitt St in Chicago, IL, presents a unique investment opportunity. The property is classified as a Class B industrial building and features a single, two-story structure situated on a 1.06-acre lot. The building boasts five loading docks, ensuring efficient handling of goods. Ceiling heights range from 10 to 13 feet, providing ample vertical space for storage and operations. The facility is zoned M2-3, suitable for various industrial uses. The lease type is NNN. The building has undergone significant improvements, including a new roof installed in 2022 and a modernized freight elevator with new mechanicals. The interior includes remodeled offices and is equipped with 1200A (3-phase) power, ideal for demanding cold storage operations. The facility is FDA food-grade, making it suitable for food production and storage. This property offers a rare combination of size, location, and modern amenities, making it an attractive option for businesses seeking a high-quality cold storage solution in the heart of Chicago. The net rentable square footage is 32,231 square feet.

Property profile

Verified
Property type Refrigerated & Cold Storage
Total area 32,231 SF
Lot 1.06 ac (46,174 SF)
UPID US28-2320027

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
  • Take-out & Catering Catering Service
  • Take-out & Catering Catering Service
  • Distribution Center Logistics Company

Location

3931 S Leavitt St Chicago, IL 60609
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2019
3 recorded transactions
2019
$1.9M
2018
Price N/A
2016
Price N/A

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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More about this property
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