3250 W Lake St - Manufacturing FOR SALE


Chicago, IL 60624
$2,650,000 USD
312-766-4291
3250 W Lake St, Chicago, IL for Sale
$2,650,000 USD
Manufacturing - FOR SALE
1/6
null | Request Cap Rate

3250 W Lake St
Chicago, IL 60624


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1901

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.66

LAND SF

72,419

ZONING

M1-3

APN/PARCEL ID

16-11-411-075-0000,16-11-412-025-0000,16-11-412-026-0000,16-11-412-027-0000,16-11-412-028-0000,16-11-412-029-0000,16-11-412-030-0000,16-11-412-031-0000

ASK ABOUT THIS PROPERTY

Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

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Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.