3949 W Armitage Ave - Warehouse FOR SALE


Chicago, IL 60647- Logan Square
$650,000 USD
847-341-6048
3949 W Armitage Ave, Chicago, IL for Sale
$650,000 USD
Warehouse - FOR SALE
1/22
null | Request Cap Rate

3949 W Armitage Ave
Chicago, IL 60647
Logan Square


HIGHLIGHTS

  • Own in the vibrant West Logan/Hermosa corridor surrounded by businesses, residents, and opportunity.
  • Only 2 miles to I-90 and 3 miles to I-290 with exceptional citywide access.
  • Access one of Chicago's deepest urban labor pools and a growing workforce corridor.
  • 7,000 SF building with C1-1 zoning and rear garage door access from alley.
  • Invest in America's most diverse economy with unmatched transportation and business connectivity
  • Steve Kohn. Chicago Infill Industrial Warehouse Expert. Making dreams come true since 1997.

OVERVIEW

Most Investors See a Building. Smart Investors See Possibilities. Opportunities like this are becoming harder to find. 3949 W. Armitage Avenue offers approximately 7,000 square feet in Chicago's West Logan/Hermosa neighborhood. Priced at $650,000, the property provides a rare opportunity to acquire a highly flexible urban asset in one of Chicago's most vibrant and evolving neighborhoods. The property is zoned C1-1 and offers a rear garage door with alley access, creating opportunities for warehouse, retail, entertainment, showroom, studio, service, and owner-user concepts. This is not a cookie-cutter investment. This is the kind of property that allows an entrepreneur, investor, or owner-user to create value through vision, creativity, and execution. Why Companies Choose This Location The best businesses don't simply occupy space. They position themselves where customers, employees, and opportunity already exist. 3949 W. Armitage sits in the heart of the West Logan/Hermosa corridor, surrounded by established residential neighborhoods, local businesses, restaurants, retail activity, and ongoing investment. Businesses choosing this location benefit from strong neighborhood demographics and excellent access to the larger Chicago market. For owner-users, this means controlling occupancy costs while building equity. For investors, it means owning a versatile asset in a neighborhood that continues to attract attention and investment. Location creates opportunity. This location creates plenty of it. Transportation Creates Opportunity Great locations make business easier. 3949 W. Armitage benefits from outstanding transportation access throughout Chicago. The property is approximately two miles from I-90 and approximately three miles from I-290, providing efficient access to downtown Chicago, O'Hare Airport, the western suburbs, and the broader metropolitan area. Public transportation is nearby. Major roadways are nearby. Customers are nearby. Employees are nearby. Vendors are nearby. Businesses succeed when people can reach them. This location makes that happen. Labor Is the New Location For years companies focused almost entirely on occupancy costs. Today successful companies focus on labor. Can employees get to work? Can businesses recruit? Can companies grow? The West Logan and Hermosa neighborhoods provide access to one of Chicago's deepest urban labor pools. Employees can draw from nearby city neighborhoods while maintaining convenient access to transportation infrastructure throughout the region. The easier it is to reach a business, the larger the potential labor pool becomes. Smart companies understand that advantage. Why This Property Works Many small urban properties force buyers into a narrow range of uses. 3949 W. Armitage offers options. Approximately 7,000 square feet. C1-1 zoning. Garage door access from the rear alley. Warehouse potential. Retail potential. Entertainment potential. Creative office potential. Owner-user potential. Investment potential. Few properties at this price point offer this much flexibility. The most successful investors understand that flexibility creates value. The more future paths available, the more opportunity a property offers. Why Chicago Continues To Win Businesses are not simply choosing real estate. They are choosing a market. Chicago remains one of North America's most diverse economic engines. The metropolitan area supports approximately 9.4 million residents, approximately 30 Fortune 500 headquarters, and approximately 243,000 technology jobs while maintaining significant strength across manufacturing, transportation, logistics, healthcare, finance, food production, and professional services. That diversity creates resilience. Resilience creates stability. Stability creates opportunity. Companies continue to choose Chicago because few markets can replicate its combination of labor, transportation infrastructure, customer density, and economic activity. Ideal Users This opportunity may be particularly attractive to: Owner-users Warehouse users Contractors Service businesses Retail operators Entertainment users Creative studios Showroom operators Storage users Investors seeking repositioning opportunities The flexibility of the property allows a buyer to create a strategy that matches their business rather than adapting their business to fit the property. Broker Perspective One of the biggest mistakes buyers make is focusing only on a property's current use. Successful investors focus on future possibilities. 3949 W. Armitage offers a highly functional building in a vibrant Chicago neighborhood with flexible zoning, transportation access, and multiple paths to value. It provides the opportunity to own a stand-alone property at an attractive price point within one of the largest and most resilient metropolitan economies in North America. You can always improve a building. You can update finishes. You can renovate interiors. You can change operations. You cannot recreate location. The combination of neighborhood momentum, building flexibility, transportation access, and affordability makes this a compelling opportunity for buyers looking to create value while controlling their own future. The best opportunities are not always the largest. Sometimes they are simply the most flexible. 3949 W. Armitage is one of them.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Clear Span Gem

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16

LAND SF

7,000

ZONING

C1-1

APN/PARCEL ID

13-35-300-003-0000

ASK ABOUT THIS PROPERTY

Steven KohnAvison YoungMore Info
847-341-6048

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

Steven KohnAvison YoungMore Info
847-341-6048

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