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Property profile & analytics
FOR SALE
Retail space

431 N Wolcott Ave Chicago, IL 60622

Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US28-3811839
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
APN 17-07-237-038
UPID US28-3811839
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Burbank Investment Group INC · 14 yrs held
Burbank Investment Group INC
since 2012
5 recorded transactions
2012
$1.3M
2011
Price N/A
1969
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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