4850 W Bloomingdale Ave - Warehouse FOR SALE


Chicago, IL 60639- Austin
$5,750,000 USD
773-736-3600
4850 W Bloomingdale Ave, Chicago, IL for Sale
$5,750,000 USD
Warehouse - FOR SALE
1/24
null | 7.98% Cap Rate

4850 W Bloomingdale Ave
Chicago, IL 60639
Austin


HIGHLIGHTS

  • 160,000 SF industrial building on 3.69 acres - located 1 block from Grand/Cicero Metra
  • Ample loading, 6 drive-in doors, 5 docks, with possibility to add more
  • Upside: 46,000 SF of vacancy to increase NOI
  • Convenient half-acre parking lot adjacent to the property.
  • Galewood/Armitage TIF District and Enterprise Zone.
  • Rare high ceiling up to 18', heavy power, 2 elevators, fully sprinklered, potential for self-storage

OVERVIEW

Jefferson Park 160,000 SF industrial building on 3.69 acres for sale with 25,000 SF parking lot included. Great opportunity for user or investor. 1 block to Metra station at the busy intersection of Grand & Cicero! 6 drive-in doors and 5 docks with possibility to add more. NOI: approx. $459,000 as of 4/1/25. Insurance approx. $33,000. Taxes approx. $126,329. Upside includes 46,000 SF of vacancy to increase NOI. Rare high ceiling spaces. All units have access to docks & drive-in doors. Heavy power. Fully sprinklered. Convenient half acre parking lot adjacent to the property. Rare 18' high ceiling on 1st floor and 14'-16' ceilings on 2nd floor. Fully sprinklered. Heavy power. Some spaces have skylights! Blocks from Home Depot, Chase Bank and Restaurants. Close to I-90. Located in a TIF District (Galewood/Armitage) and Enterprise Zone. The property has potential for self storage.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

7

DRIVE INS

1

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.69

LAND SF

160,736

ZONING

M1-2

APN/PARCEL ID

13-33-409-001-0000

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 Policy.