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4249 W Diversey Avenue, Chicago, IL

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4249 W Diversey Avenue

Chicago, IL 60639-2002 - North Chicago Ind Submarket

Property Type:Industrial Sub Type:Manufacturing Status:Existing Year Built:1927
Building Size:62,000 SF Land Area:1.84 AC (80,150 SF)
Ceiling Height:16'0''-22'0'' Loading Docks:2 ext Rail:- Power:1,200a 3p
For Sale Price:$3,500,000 Price/SF:$56.45
Cap Rate:-
Zoning:M1-1, Chicago Sprinklers:- Drive Ins:No Cranes:-
Amenities:Buss Ducts, Property Manager on Site, Skylights

Manufacturing/warehouse in Hermosa neighborhood. Located at the corner of Kildare and Diversey Ave. Easy access to I-90/I-94. Gated fence, new heat, lights and windows. Fully sprinklered. Baler, scale and natural light. Covered exterior docks. Concrete floor load. Ample parking.

Sale Notes:
Property is improved with a fully air-conditioned, fully sprinklered 61,757 s.f., one-story, masonry constructed showroom/office and light industrial building situated on a lot size of 78,324 s.f. plus a fenced in parking lot for 76 cars totaling 23,011 s.f. The structure was built in 1958. The front +/- 20% of the building comprises a retail showroom with offices, with the remainder being warehouse space with 20-foot ceiling heights in the NW portion of the showroom/office area, 12-foot ceiling heights in the SQ showroom area and 16.5-18 foot ceiling heights in the East portion of the showroom. The warehouse and loading areas have 13.5-18 foot ceiling heights. The loading area has 7 active truck level exterior and interior docs served by 10'x8', 12'x12' and 8'x8' metal overhead doors. Forced air heat and central A/C throughout the building is provided by roof-mounted package units and the building contains one A.O. Smith electric 50-gallon water heater. Approximately 30% of the total space is minimally partitioned and leased to various tenants, half of which are on month-to-month leases, generating approximately $15,000/month. Located in a high traffic, infill location in Chicago's Hermosa neighborhood, just west of Logan Square and Avondale. Interstate 90/94 is accessible approximately 2 miles East of the subject property via Diversey Ave. Located 1/4 mile east of former Macy's property, newly acquired by 4K Diversey Partners, for a new 1.5 million square foot development (21 acres).

Royce Realty Management
Kris Plencner
(630) 268-4000

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