For Lease
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Property summary
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
VerifiedCap rate & NOI
Current use
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Take-out & Catering Catering Service
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Take-out & Catering Catering Service
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Distribution Center Logistics Company
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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