431 N Wolcott Ave Chicago, IL 60622
For Sale
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This exceptional 28,442-square-foot executive office building, located at 431 N Wolcott Ave in Chicago's Kinzie Corridor (Cook County, IL 60622), presents a unique investment opportunity. Priced at $2,950,000 ($103.72/sq ft), the property is currently vacant, offering immediate occupancy for a discerning buyer. The building boasts attractive masonry and timber loft construction, showcasing exposed columns and beams, creating a unique and desirable aesthetic. The expansive 26,456-square-foot lot allows for significant potential. A notable feature is the ability to expand the building by approximately 6,000 square feet by adding exterior walls to two lower rooftop areas, providing substantial future growth opportunities. On-site parking accommodates 33 vehicles in an attached lot. The property's prime location near the West Loop and Fulton Market District offers excellent accessibility and visibility. Furthermore, the potential for abundant outdoor space and multiple roof decks adds significant value. The property is conveniently situated just 0.3 miles from a new CTA Green Line station currently under construction at Lake and Damen, enhancing its accessibility and appeal. The property's APN is 17-07-237-038-0000 and is zoned PMD-4.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.