847-780-8063
3850 W Cortland St, Chicago, IL for Sale
Manufacturing - FOR SALE
1/12
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3850 W Cortland St
Chicago, IL 60647
Logan Square


HIGHLIGHTS

  • Opportunity to acquire a well-located multi-tenant industrial/flex property in Chicago’s Logan Square area.
  • Excellent access to Interstate 90, IL Route 50, North Avenue, and regional transportation.
  • Multi-dock and six drive-in doors, plus freight elevator service for versatile distribution needs.
  • Flexible layout ideal for warehouse, showroom, light manufacturing, and maker space users.
  • Current occupancy at 72.7% provides immediate income with strong lease-up upside potential.
  • Recently renovated in 2019, featuring modernized systems and functionality.

OVERVIEW

3850 West Cortland Street offers a unique opportunity to acquire a multi-tenant industrial/flex property within Chicago’s established North industrial submarket. Located just seven miles northwest of the CBD, the property provides excellent connectivity to Interstate 90, Illinois Route 50, and North Avenue. This location ensures proximity to dense population centers, major business nodes, and transportation routes, positioning it ideally for diverse tenant demand. The building spans 85,410 square feet across 1.11 acres and features multiple loading docks, six drive-in doors, and a freight elevator capable of handling industrial needs. Zoned M1-1, the property supports warehouse, showroom, maker, and light industrial users. Upgraded amenities, flexible suite configurations, and heavy power capabilities (1,200 AMP/120-240v, 3-phase) allow for tenant versatility. With a current occupancy of 72.7% and an annual income of $751,460, investors can realize immediate in-place cash flow with significant upside by leasing remaining vacancies and capturing market rent growth. Surrounded by industrial, retail, and residential developments, and supported by high demand in an infill location, 3850 W Cortland promises long-term stability and value creation for its next owner.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

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

1.11

LAND SF

48,352

ZONING

M1-1

APN/PARCEL ID

13-35-302-020-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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