For Sale
$900,000

4122 Union Ave Chicago, IL 60609

18,000 SF Flex/Warehouse, Owner-User Opportunity

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • $900,000 asking price, offering a 4.62% cap rate and $41,594 NOI.
  • 18,000 SF flex/warehouse building on two levels, each separately leasable.
  • 0.9-acre lot, fully fenced.
  • 18-foot ceiling heights.
  • Features loading docks and drive-in doors.
  • On-site truck parking available.

Property Details for 4122 Union Ave

Property type
Warehouses, Mixed-use properties
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.819038946226
Longitude
-87.644603347642

FAQs

What type of property is this?
Warehouse - 18,000 SF Flex/Warehouse, Owner-User Opportunity
Where is the warehouse located?
The property is located at 4122 Union Ave Chicago, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: $900,000 asking price, offering a 4.62% cap rate and $41,594 NOI.; 18,000 SF flex/warehouse building on two levels, each separately leasable.; 0.9-acre lot, fully fenced.
How can I contact the broker?
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4122 Union Ave
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