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.