Contacts

Frank H. Melchert V

Cawley Chicago

(312) 766-4281

Property Details

Property Type Industrial - Warehouse/Distribution
Property Size 308,000 SF
Units 2
Lot Size 8.32 Acre
Year Built 1933
Date Updated Apr 11, 2024
HVAC None

Located in the heart of Chicago, our property offers easy access to a multitude of industrial and distribution opportunities. The area is surrounded by an extensive network of transportation and logistics options, making it an ideal choice for investors and tenants looking to streamline their operations. Nearby points of interest include the Chicago International Port, providing access to Great Lakes and global shipping routes, as well as the Union Stock Yard Gate, a historic landmark showcasing the area's rich industrial heritage. With its strategic location and proximity to key industrial infrastructure, the property presents an unmatched opportunity for those seeking a prime location in the Chicago industrial landscape.Perfectly positioned in Chicago, this impressive industrial property spans 308,000 square feet across two units, providing ample space for a wide range of industrial, warehouse, and distribution endeavors. Built in 1933, the property boasts a rich history and enduring structural integrity. Zoned M-2, it offers flexibility and potential for various industrial uses. Situated on 8.32 acres of land, the property includes over 100 parking spaces, ensuring convenience for employees and visitors. With Alderman Raymond A. Lopez overseeing the area, the property benefits from strong local leadership. Additionally, the attractive real estate taxes and in-place gross income of $853,000 per year further enhance the appeal of this exceptional investment opportunity, available for sale at $13,090,000.2 Units Available For Lease at 5301-5323 S. Western Ave. in Chicago.

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Highlights

Total Building Area: 308,000 Sq. Ft.
Total Land Area: 8.32 Acres
Zoning: M2
Parking: 100+ Spots
Alderman: Raymond A. Lopez, 15TH Ward
Real Estate Taxes: $1.31 PSF
In-Place Gross Income:
$71,083 per Month / $853,000 per Year
Sale Price: $13,090,000 ($42.50 PSF)

Attachments

5301-5323 S. Western Ave. (PDF) opens in new window

Getting around

52/100
Walk Score ®
61/100
Transit Score ®
55/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood Gage Park
Zip Code 60609
Market Chicago

Points of Interest

Western

0.54 miles
Kedzie

1.28 miles
Ashland/63rd

1.55 miles
35th/Archer

2.23 miles
Pulaski

2.24 miles
Halsted

2.28 miles
Garfield

2.59 miles
47th

2.75 miles
63rd

2.83 miles
Midway

3.02 miles

GoLo

0.16 miles
Marathon

0.18 miles
Clark

0.34 miles
Citgo

0.41 miles
BP

0.41 miles
Clark

0.44 miles
Citgo

0.61 miles
Marathon

0.70 miles
Amstar

0.77 miles
BP

0.79 miles

Buddy Bear Car Wash

1.49 miles
Hertz

2.89 miles
Hertz

3.58 miles
Dollar

3.59 miles
Thrifty

3.59 miles
Avis

3.60 miles
Budget

3.61 miles
National

3.62 miles
Alamo

3.62 miles
Enterprise

3.63 miles

Subway

0.67 miles
Carnitas Uruapan Restaurant

0.73 miles
KFC

0.74 miles
Birrieria y Taqueria El Arandas

0.82 miles
Pizza Hut

0.84 miles
Checkers

0.85 miles
Burger King

0.85 miles
Taco Bell

0.89 miles
Dunkin'

0.91 miles
Subway

0.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.