3401 California AveChicago, IL 60618

Property Details for 3401 California Ave

Year built

1950

Lot size

2.41 AC

Property size (Sq ft)

94,300 SF

Property type

Retail space

Property subtype

Storefront properties

APN

13-24-400-008

APU

1324400008

Description

This exceptional 32,070 square foot industrial property, located at 3401 N California Avenue in Chicago's Avondale submarket, presents a unique opportunity for businesses seeking versatile space. The property is situated in Cook County, Illinois, and boasts a single-tenant occupancy configuration. The building offers a flexible layout suitable for manufacturing, warehousing, or showroom operations. A significant portion of the space, approximately 32,070 square feet, is dedicated to warehouse or manufacturing use, while an additional 3,000 square feet of office or showroom space is conveniently located at the front of the building, facing California Avenue. The property includes two loading docks, facilitating efficient loading and unloading of goods. This prime location in the Avondale submarket offers excellent access to major transportation routes, making it an ideal choice for businesses requiring seamless logistics. The property is currently vacant and ready for immediate occupancy. The address is 3401 N California Ave, Chicago, IL 60618. This is a single-tenant property with a total area of 32,070 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $41,727,212

  6.5%

  $38,517,424

  7%

  $35,766,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,952,090

  Geo Method

  $30,952,090

• Alternative Use

  Use

  Valuation

  Residential

  $32,490,890

  Hospitality

  $29,761,480

  Educational

  $24,761,202

  Medical

  $25,612,778

  Retail

  $38,517,424

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9432

Longitude

-87.6972

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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