Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    4011 Wabash Ave Chicago, IL 60653

    Property Lookup

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

    4011 Wabash Ave Chicago, IL 60653

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US28-5087093
    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

    • Commercial real estate

    Property Details for 4011 Wabash Ave

    Property type
    Commercial real estate

    Description

    This exceptional 32,134 square foot industrial land parcel presents a unique investment opportunity in Chicago's vibrant Bronzeville neighborhood. Located at 4011 S Wabash Ave, this property boasts a desirable M1-3 zoning designation, offering a wide range of potential development options. The lot dimensions measure approximately 200 feet by 160.67 feet, providing ample space for various industrial uses. Its strategic location offers convenient access to major transportation arteries, including the Dan Ryan and Lake Shore Drive expressways, as well as the Green Line elevated train stop at Indiana. This prime location also benefits from proximity to the ITT Technical Institute campus and Guaranteed Rate Field, enhancing its appeal and potential for future growth. The property is situated within the 3rd Ward, currently represented by Alderman Pat Dowell. With its substantial size, favorable zoning, and excellent accessibility, this land parcel represents a compelling investment prospect for developers and businesses seeking a strategic foothold in a thriving Chicago neighborhood. The asking price for this exceptional property is $550,000. This is a rare opportunity to acquire a significant industrial land holding in a rapidly developing area of Chicago. Don't miss out on this chance to secure a prime piece of Bronzeville real estate.

    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
    -87.624744847946
    Latitude
    41.82124846579

    Comparable in this City

    • Contact for pricing
      20,000 SF

      Free Standing Warehouse Near I-90

      Freestanding warehouse with expansion potential and immediate I-90 access.
      130 W 47Th St, Chicago, IL 60653
      View Details
    • $650,000

      Bronzeville Land Opportunity For Sale

      Seven contiguous lots in Bronzeville with included plans and permits.
      121 E 47Th St, Chicago, IL 60653
      View Details
    • $129,900

      Vacant Lot in Bronzeville

      Vacant lot near new Northwestern Medical Outpatient Center.
      4550 S Cottage Grove Ave, Chicago, IL 60653
      View Details
    • $489,000

      Bronzville Land For Sale

      Land in Chicago's Bronzville neighborhood, ideal for mixed-use development.
      131 E 43Rd St, Chicago, IL 60653
      View Details
    • $124,900
      0.08 Acres

      Chicago Land For Sale

      Commercial land available in Chicago, Illinois.
      58 E 43Rd St, Chicago, IL 60653
      View Details
    • $230,000

      Vacant Land in Bronzeville, Chicago

      Rare vacant land in historic Bronzeville neighborhood, ideal for development.
      3529 S Prairie Ave, Chicago, IL 60653
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Free Standing Warehouse Near I-90

      Freestanding warehouse with expansion potential and immediate I-90 access.
      130 W 47Th St, Chicago, IL 60653
      View Details
    • $650,000

      Bronzeville Land Opportunity For Sale

      Seven contiguous lots in Bronzeville with included plans and permits.
      121 E 47Th St, Chicago, IL 60653
      View Details
    • $129,900

      Vacant Lot in Bronzeville

      Vacant lot near new Northwestern Medical Outpatient Center.
      4550 S Cottage Grove Ave, Chicago, IL 60653
      View Details
    • $489,000

      Bronzville Land For Sale

      Land in Chicago's Bronzville neighborhood, ideal for mixed-use development.
      131 E 43Rd St, Chicago, IL 60653
      View Details
    • $124,900
      0.08 Acres

      Chicago Land For Sale

      Commercial land available in Chicago, Illinois.
      58 E 43Rd St, Chicago, IL 60653
      View Details
    • $230,000

      Vacant Land in Bronzeville, Chicago

      Rare vacant land in historic Bronzeville neighborhood, ideal for development.
      3529 S Prairie Ave, Chicago, IL 60653
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      67,034 SF

      Chicago Industrial Property with Cooler

      67,034 SF industrial space with cooler and freezer.
      4100 W 40Th St, Chicago, IL 60653
      View Details
    • $17 SF/Yr
      1,025 SF

      Retail Spaces in Historic Bronzeville

      Two retail spaces available in Chicago's Bronzeville neighborhood.
      4254 S Cottage Grove Ave, Chicago, IL 60653
      View Details
    • $15 SF/Yr

      Commercial Retail Storefront Near University

      2,000 sq ft commercial/retail space near University of Chicago.
      4502 S Cottage Grove Ave, Chicago, IL 60653
      View Details
    • Contact for pricing
      12,000 SF

      Versatile Space in Prime Location

      Spacious property suitable for retail, office, or restaurant use.
      1301 E 47Th St, Chicago, IL 60653
      View Details
    • Contact for pricing

      Bronzeville/Hyde Park Shared Office Space

      Shared office suites in Bronzeville/Hyde Park, all inclusive rent.
      710 E 47Th St, Chicago, IL 60653
      View Details
    • Contact for pricing

      Bronzeville/Hyde Park Shared Office Space

      Shared office suites in Chicago's Bronzeville/Hyde Park area.
      710 E 47Th St, Chicago, IL 60653
      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.
    4011 Wabash Ave
    Chicago, IL 60653
    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

    4011 Wabash Ave, Chicago, IL, 60653

    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!