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601 W 81st Street 601 81st st

46,000 SF Industrial Building Chicago, IL 60620 £592,507 (£13/SF)

Investment Highlights

  • Centrally located with access to multiple major transportation routes
  • Neighboring Green Era Campus is revitalizing a 9-acre area, transforming it into a renewable energy hub
  • Freight elevator, Sprinkler System, Office Space (Approx 2,000 sqft) with 1 DID, and 2 TL docks

Executive Summary

46,000 SQFT Warehouse with 18' ceilings has tons of potential! Freight elevator, Sprinkler System, Office Space (Approx 2,000 sqft) with 1 DID, and 2 TL docks. Warehouse 1200 Amps 120-240V. Main Building 1600 Amps 480V. This property is situated in a strategic location, offering easy access to highways and public transportation options including the Metra. Truck routes to Midway and O'Hare International Airports, the Port of Chicago, and the regional freight network. M1-2 zoning lends itself to a wide variety of warehouse uses including light manufacturing, distribution, E-commerce fulfillment center, Logistics and transportation operations and more! Neighboring Green Era Campus is revitalizing a 9-acre area, transforming it into a renewable energy hub and green space that supports economic empowerment, clean energy, fresh produce, and a thriving community.

Data Room Click Here to Access

Taxes & Operating Expenses (Actual - 2023)

Annual Annual Per SF
Taxes £31,582 £0.69
Operating Expenses £84,208 £1.83

Taxes & Operating Expenses (Actual - 2023)

Taxes
Annual £31,582
Annual Per SF £0.69
Operating Expenses
Annual £84,208
Annual Per SF £1.83
Total Expenses
Annual £115,790
Annual Per SF £2.52

Property Facts

Price £592,507
Price Per SF £13
Sale Type Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Light Industrial Light Manufacturing
  • Industrial Distribution
  • Industrial Service
Building Class C
Lot Size 1.65 AC
Rentable Building Area 46,000 SF
Number of Floors 4
Year Built 1906
Tenancy Single
Clear Ceiling Height 18 ft
No. Dock-High Doors/Loading 2
Level Access Doors 1

Amenities

  • 24 Hour Access
  • Yard

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-33-119-023-0000
Land Assessment
£40,121 (2024)
Improvements Assessment
£224,070 (2024)
Total Assessment
£264,191 (2024)
Annual Taxes
£31,582 (£0.69/sf)
Tax Year
2023

zoning

Zoning Code M1-2 (M1-2 zoning lends itself to a wide variety of warehouse uses including light manufacturing, distribution, E-commerce fulfillment center, & Logistics)
M1-2 (M1-2 zoning lends itself to a wide variety of warehouse uses including light manufacturing, distribution, E-commerce fulfillment center, & Logistics)
  • Listing ID: 33414467

  • Date on Market: 04/10/2024

  • Last Updated:

  • Address: 601 81st st, Chicago, IL 60620

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