3250 W Lake St 50,000 SF 100% Leased Industrial Building Chicago, IL 60624 $2,650,000 ($53/SF)

INVESTMENT HIGHLIGHTS

  • Fully Heated & Sprinklered Warehouse
  • Designated Employee Parking: Parking Lot on South Side of Lake St.
  • Capital Improvements: New Roof in last 5 years

EXECUTIVE SUMMARY

As Exclusive Listing Broker, Cawley Commercial Real Estate Company is pleased to present an opportunity to acquire and invest at 3250 W. Lake St., situated in Chicago’s East Garfield Park neighborhood.
The property is just steps from the Lake / Kedzie Bus Stop & Green Line and a four-minute drive to I-290. The site spans 406 feet facing south towards W. Lake St. and includes two single-story sections totaling approximately 50,000 Sq. Ft. The 72,419 Sq. Ft. property features an 18,448 Sq. Ft. parking lot. Zoned for manufacturing (M1-3) as-of-right, the building offers a diverse range of possibilities for potential end users.
The west section, around 20,000 Sq. Ft., was previously occupied by VW Broaching Service for production broaching and specialty machining, featuring a loading dock and 3,000 Sq. Ft. of office space. The east section, approximately 30,000 Sq. Ft., has six clerestory (up to 20’ Clear Height) and includes five (5) loading docks and office/ breakroom areas. Both sections have concrete floors, with some areas having oak brick flooring.
With its efficient building footprint, designated employee parking, heavy loading and power, and prime location in East Garfield Park neighborhood – only 10 minutes from Fulton Market, 3250 W. Lake St. presents a compelling opportunity for owner/users or investors.

PROPERTY FACTS

Price $2,650,000
Price Per SF $53
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 1.66 AC
Rentable Building Area 50,000 SF
No. Stories 1
Year Built 1901
Parking Ratio 1/1,000 SF
Clear Ceiling Height 14’
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 1
Zoning M1-3 - Light manufacturing, warehouses, and wholesalers.

AMENITIES

  • Fenced Lot
  • Floor Drains
  • Metro/Subway
Walk Score®
Very Walkable (73)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (91)

PROPERTY TAXES

  • Listing ID: 32409538

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 3250 W Lake St, Chicago, IL 60624