4122 Union AveChicago, IL 60609

This exceptional owner-user opportunity presents a 18,000 square foot flex/warehouse building situated on approximately one acre of fully fenced land in Chicago's vibrant Back of the Yards neighborhood. The property boasts 18-foot ceiling heights, making it ideal for a variety of industrial or warehouse uses. Convenient access is provided by loading docks and drive-in doors, complemented by ample on-site truck parking. Currently, the building is 75% occupied, with the second floor recently vacated, presenting a prime opportunity for immediate owner occupancy. The asking price is $900,000, representing a competitive $50 per square foot. The property is zoned M2-3 and offers a strong investment potential with a 4.62% cap rate and a net operating income (NOI) of $41,594. The building's two levels are currently leased separately. This location offers easy access to public transportation, including bus lines and proximity to the CTA Orange Line, providing convenient access to downtown Chicago and beyond. The area features a mix of residential and commercial properties, with local amenities including parks and community centers. The property's strategic location and versatile design make it an attractive investment for owner-occupiers seeking a blend of functionality and potential for future growth. Full occupancy is projected by November 15, 2024.