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5535 Wolcott Ave Chicago, IL 60640-1019

Industrial properties Google Maps
32,600 SF 0.95 ac lot Built 1929
Entity Owned ~ Est. High Equity
No photos on file
For Sale
Contact for pricing 32,600 SF
5535 Wolcott Ave, Chicago, IL 60640-1019
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Estimated value (blended)
$2.00M
Range $1.80M – $2.20M (±10%)
Property ID US28-1384032

Property summary

AI-generated overview

This exceptional 36,480-square-foot industrial property, located at 5535 N Wolcott Ave in Chicago, IL (zip code 60640), offers a unique opportunity for businesses seeking a versatile space. The building features a combination of distribution and manufacturing capabilities, boasting 32,780 square feet on the ground floor and an additional 3,700 square feet on the second floor. Loading is facilitated by two interior recessed docks, one exterior short dock, and a drive-in door. Ceiling heights range from 12 to 16 feet, providing ample vertical space. The property includes 15 parking spaces and a wet sprinkler system, recently upgraded with a new pump. The building is zoned M2-Light Industrial District and benefits from a desirable location within the Ravenswood Industrial Corridor, known for its low vacancy rates. The property also features a 5-ton bridge crane and a newer roof, making it an attractive blank slate for a wide variety of industrial uses. The 2022 real estate taxes, paid in 2023, totaled $122,501 ($3.36 per square foot), and the property's PIN is 14-07-201-002-0000. The sale price is subject to offer. This property presents a compelling investment opportunity in a prime Chicago location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1929
Total area 32,600 SF
Lot 0.95 ac (41,391 SF)
APN 14-07-201-002
UPID US28-1384032

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.94M
CAP Approach CAP
$3.15M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.00M

Owner & transaction history

since 2025
Last sale
$2.4M
7 recorded transactions
2025
$2.4M
2021
$2.5M
2000
$906,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $3.9M +55.5%

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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