3850 W Cortland St - Manufacturing FOR SALE


Chicago, IL 60647- Logan Square
$4,999,000 USD
773-736-3600
3850 W Cortland St, Chicago, IL for Sale
$4,999,000 USD
Manufacturing - FOR SALE
1/20
null | 8.86% Cap Rate

3850 W Cortland St
Chicago, IL 60647
Logan Square


HIGHLIGHTS

  • 147,000 SF building on 1.15 acres
  • Multi-tenant, multi-use building renovated in 2020. Tenants range from small to mid-size; including artists, photographers, manufacturing, warehouse.
  • NOI: $443K (as of July 1, 2025). Potential for additional income by filling vacancy; 40K SF Vacant - Potential for additional $33K Monthly Income.
  • Owner will consider all reasonable offers.
  • 24/7 access and onsite management
  • Loading docks, large windows and skylights, newer HVAC in several units

OVERVIEW

Corner of Armitage & Springfield • Multi-tenant, multi-use building renovated in 2020 • 147,000 SF building on 1.15 acres • Potential for additional income by filling vacancy (see availabilities in brochure) • Ideal for many different type of small to mid-size businesses including artists, photographers, manufacturing, warehouse, and office uses • Short to long term leases • Loading docks • Large windows and skylights • Newer electric, water and gas • Several units with newer HVAC • On-site management • 24/7 access • 2 blocks from 606 Trail and adjacent to Marine Leadership Academy and Sharon Christa McAuliffe Elementary School

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$34 USD /SF

CAP RATE

8.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

17 Ft

DOCKS

4

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15

LAND SF

50,094

ZONING

M1-1

APN/PARCEL ID

13-35-302-020-0000

ASK ABOUT THIS PROPERTY

Adam Schneiderman, SIORStrauss RealtyMore Info
773-736-3600

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Adam Schneiderman, SIORStrauss RealtyMore Info
773-736-3600

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