3065 N Rockwell St - Warehouse FOR SALE


Chicago, IL 60618- Avondale
$9,900,000 USD
312-952-1911
3065 N Rockwell St, Chicago, IL for Sale
$9,900,000 USD
Warehouse - FOR SALE
1/10
null | 6.77% Cap Rate

3065 N Rockwell St
Chicago, IL 60618
Avondale


HIGHLIGHTS

  • Multi-tenant investment opportunity
  • Excellent redevelopment potential
  • Rare infill industrial land offering
  • Flexible industrial/commercial use possibilities
  • Strategic Chicago location with strong transportation access
  • Opportunity to increase value through repositioning, lease-up, or redevelopment

OVERVIEW

Exceptional opportunity to acquire a stabilized multi-tenant industrial investment property with significant long-term redevelopment upside in one of Chicago’s evolving infill industrial corridors. Situated on approximately 2.28 acres, this 63,000 SF industrial asset offers strong in-place cash flow while positioning investors and developers to capitalize on future repositioning or redevelopment potential. The property is currently configured as a multi-tenant industrial facility generating approximately $670,425 NOI, providing immediate income with additional value-add and redevelopment flexibility. The site’s M2-3 zoning supports a broad range of industrial and commercial uses, making it an attractive acquisition for investors, owner-users, and developers alike. This offering presents a compelling combination of stable current income and future upside. Investors can benefit from immediate cash flow while exploring higher-and-better-use strategies, adaptive reuse concepts, industrial modernization, or long-term redevelopment scenarios in a rapidly changing submarket. Large infill industrial sites with existing income streams and flexible zoning are increasingly difficult to acquire in Chicago. This property offers both downside protection through current tenancy and substantial upside through redevelopment potential. Property ideal for industrial investors, value-add buyers, developers, owner-users, and long-term banking strategies.

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

6.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3065 N Rockwell Street

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1940

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

15

DRIVE INS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.28

LAND SF

99,317

ZONING

M2-3

APN/PARCEL ID

13-25-213-023-0000

ASK ABOUT THIS PROPERTY

Justin CollinsCRE Advising LLCMore Info
312-952-1911

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Justin CollinsCRE Advising LLCMore Info
312-952-1911

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.