708-858-5478
4500 S Tripp Ave, Chicago, IL for Sale
Warehouse - FOR SALE
1/27
null | Request Cap Rate

4500 S Tripp Ave
Chicago, IL 60632
Archer Heights


HIGHLIGHTS

  • Ideal for investors, developers, and storage operators
  • Unique asset with limited comparable inventory
  • Immediate income with long-term upside
  • Real estate + operating business included
  • Three exit strategies: hold for cash flow, reposition to industrial, or convert to self-storage

OVERVIEW

Rare opportunity to acquire an 85,000 SF industrial-zoned flex building paired with a turn key music rehearsal studio business, with additional upside as a self-storage conversion opportunity. This historic Art Deco property—originally home to Rival Packing—offers immediate income with multiple high-demand repositioning paths. Income + Business Component: + Established music rehearsal studio business included in sale + 97 fully built-out studio units (~300 SF each) + Stable demand from musicians, artists, and small businesses + Turnkey operation-profitable business asset Value-Add / Repositioning Opportunities: + Self-storage conversion potential (ideal unit sizes and layout) + Ability to reconfigure and maximize rentable square footage + Opportunity to relocate existing units and unlock ±30,000 SF on the first floor + Loading dock supports logistics, warehouse, or storage use + Flexible for industrial, flex, or climate-controlled storage concept Why Self-Storage Works Here: + Existing unit configuration closely aligns with storage demand + Large footprint allows for scalable unit mix (small to mid-size units) + Freight elevator supports multi-level storage operations + Strong urban demand drivers for storage + creative space overlap Building Highlights: + Industrial zoning (broad use flexibility) + Historic Art Deco architecture + Freight elevator (recently serviced and compliant) + 12 HVAC units in excellent condition + Updated plumbing systems + Roof recently maintained + Solid, well-maintained structure Site Features: + Fenced and gated parking lot + Approximately 50 parking spaces + Secure access

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rock Spot

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

UTILITIES

Lighting, Water, Sewer, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

6

DRIVE INS

1

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.3

LAND SF

56,628

ZONING

M2-2

APN/PARCEL ID

19-03-400-038-0000

ASK ABOUT THIS PROPERTY

Matt McGrathListing Leaders NWMore Info
708-858-5478

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Matt McGrathListing Leaders NWMore Info
708-858-5478

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