2738 Harrison StChicago, IL 60612

Property Details for 2738 Harrison St

Year built

1908

Lot size

0.09 AC

Property size (Sq ft)

11,000 SF

Property type

Auto shops

APN

16-13-235-030

APU

1613235030

Description

This exceptional 12,000 square foot industrial building at 2738 West Harrison Street in Chicago, IL, presents a compelling investment opportunity. Located in Cook/DuPage County, zip code 60612, this property boasts a prime location just minutes from the West Loop and Chicago's central business district, offering easy access to major transportation arteries. The building features 14-foot ceilings, providing ample space for various uses, including warehousing and distribution. Three 12-foot drive-in garage doors allow for convenient loading and unloading of trucks and vans, complemented by a fenced yard and on-site parking. The C1-2 zoning allows for a wide range of industrial uses. Its strategic position, one block south of I-290 and two blocks west of the Western Blue Line, ensures seamless connectivity throughout the city. The property is situated in a diverse neighborhood with a mix of retail, industrial, and residential properties. This warehouse offers an excellent opportunity for businesses seeking a well-located, functional space with significant potential. Key features include a security system and alley access. The asking price is $725,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,196,577

  6.5%

  $4,796,840

  7%

  $4,454,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,610,530

  Geo Method

  $3,610,530

• Alternative Use

  Use

  Valuation

  Residential

  $4,046,314

  Hospitality

  $3,706,402

  Educational

  $3,083,683

  Medical

  $3,189,736

  Retail

  $4,796,840

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8741

Longitude

-87.6951

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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