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3850 W Cortland St 147,000 SF 86% Leased Industrial Building Chicago, IL 60647 $4,999,000 ($34.01/SF) 8.86% Cap Rate
Investment Highlights
- 147,000 SF building on 1.15 acres
- NOI: $443K (as of July 1, 2025). Potential for additional income by filling vacancy; 40K SF Vacant - Potential for additional $33K Monthly Income.
- 24/7 access and onsite management
- Multi-tenant, multi-use building renovated in 2020. Tenants range from small to mid-size; including artists, photographers, manufacturing, warehouse.
- Owner will consider all reasonable offers.
- Loading docks, large windows and skylights, newer HVAC in several units
Executive Summary
• Multi-tenant, multi-use building renovated in 2020
• 147,000 SF building on 1.15 acres
• Potential for additional income by filling vacancy (see availabilities in brochure)
• Ideal for many different type of small to mid-size businesses including artists, photographers, manufacturing, warehouse, and office uses
• Short to long term leases
• Loading docks
• Large windows and skylights
• Newer electric, water and gas
• Several units with newer HVAC
• On-site management
• 24/7 access
• 2 blocks from 606 Trail and adjacent to Marine Leadership Academy and Sharon Christa McAuliffe Elementary School
Property Facts
| Price | $4,999,000 | Lot Size | 1.15 AC |
| Price Per SF | $34.01 | Rentable Building Area | 147,000 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8.86% | Year Built/Renovated | 1950/2020 |
| Property Type | Industrial | Clear Ceiling Height | 17’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 4 |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Zoning | M1-1 - Industrial | Manufacturing | ||
| Price | $4,999,000 |
| Price Per SF | $34.01 |
| Sale Type | Investment |
| Cap Rate | 8.86% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.15 AC |
| Rentable Building Area | 147,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2020 |
| Clear Ceiling Height | 17’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | M1-1 - Industrial | Manufacturing |
Amenities
- 24 Hour Access
- Property Manager on Site
- Storage Space
- Common Parts WC Facilities
- Fluorescent Lighting
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
$4.00-$8.00 - Dock and Elevator Access. 10' Ceiling Height. Ideal for many different types of small to mid-size businesses including artists, photographers, manufacturing, warehouse and office.
Right off the docks, & washroom w/minimum drive in available. Can be combined with unit 105 (another 4,000 SF).
Drive in Door on Springfield, next to loading docks & washrooms. Can be combined with unit 102 (another 4,000 SF).
Drive-in door, 3 Private Washrooms, Shower & access to Loading Docks. $2,900 Monthly. Can be combined with unit 109 (3,600 SF).
Windows, drive in door, private washroom, and office. Can be combined with unit 108 (3,200 SF)
Lots of windows - open warehouse space. $2,000 Monthly.
Steps from the loading docks. Additional storage. No windows. $300 to $1,200 Monthly
1st floor steps from loading docks. Additional storage. No windows. $540 Monthly
Large windows & skylight, steps to Elevator & Washroom. $1,200 Monthly.
Lots of windows, A/C office, sink and steps from Washroom and Elevator. $2,100 Monthly.
Skylight windows, front of elevator and steps to washroom. $900 Monthly.
Skylight windows, front of elevator, and steps to washroom. $1,000 Monthly.
Large windows and skylight. Steps toe elevator and washroom. $1,200 monthly.
Windows, steps from elevator & washrooms. $800 Monthly.
Large windows and skylight. Steps to elevator & washroom. $1,200 Monthly.
A/C Office, skylight window, steps from washroom & elevator. $2,000 Monthly.
Skylight window, A/C office, steps from Washroom & Elevator. $2,000 Monthly.
Steps from elevator and washroom. No windows. $800 Monthly. Can be combined with unit 213 (5,000 SF).
Units 213-215. Next to elevator, private washroom, ppl gas & entire space is A/C. Can be divided. Showings available after April 1st.
Air conditioned, windows, PPL gas, steps from Washroom & Elevator. $1000 Monthly.
| Space | Size | Space Use | Condition | Available |
| Lower Level | 4,000-35,000 SF | Industrial | - | 30 Days |
| 1st Fl - 102 | 4,000 SF | Industrial | Shell Space | 30 Days |
| 1st Fl - 105 | 4,000 SF | Industrial | Partial Build-Out | 30 Days |
| 1st Fl - 108 | 3,200 SF | Industrial | - | Now |
| 1st Fl - 109 | 3,600 SF | Industrial | Partial Build-Out | 30 Days |
| 1st Fl - 112 | 2,600 SF | Industrial | Shell Space | 30 Days |
| 1st Fl - 120-121 | 180 SF | Industrial | - | Now |
| 1st Fl - 124 | 360 SF | Industrial | - | Now |
| 2nd Fl - 20 | 1,300 SF | Industrial | - | Now |
| 2nd Fl - 200B | 2,100 SF | Industrial | - | Now |
| 2nd Fl - 202 | 825 SF | Industrial | - | 30 Days |
| 2nd Fl - 203 | 1,000 SF | Industrial | - | 30 Days |
| 2nd Fl - 205 | 1,300 SF | Industrial | - | Now |
| 2nd Fl - 205C | 610 SF | Industrial | - | Now |
| 2nd Fl - 207 | 1,300 SF | Industrial | - | Now |
| 2nd Fl - 208 | 2,100 SF | Industrial | - | Now |
| 2nd Fl - 211 | 2,000 SF | Industrial | - | Now |
| 2nd Fl - 212 | 800 SF | Industrial | - | Now |
| 2nd Fl - 213 | 5,000 SF | Industrial | - | Now |
| 2nd Fl - 226 | 800 SF | Industrial | - | Now |
Lower Level
| Size |
| 4,000-35,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 30 Days |
1st Fl - 102
| Size |
| 4,000 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| 30 Days |
1st Fl - 105
| Size |
| 4,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Fl - 108
| Size |
| 3,200 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 109
| Size |
| 3,600 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Fl - 112
| Size |
| 2,600 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| 30 Days |
1st Fl - 120-121
| Size |
| 180 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 124
| Size |
| 360 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 20
| Size |
| 1,300 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 200B
| Size |
| 2,100 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 202
| Size |
| 825 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl - 203
| Size |
| 1,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl - 205
| Size |
| 1,300 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 205C
| Size |
| 610 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 207
| Size |
| 1,300 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 208
| Size |
| 2,100 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 211
| Size |
| 2,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 212
| Size |
| 800 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 213
| Size |
| 5,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
2nd Fl - 226
| Size |
| 800 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
Lower Level
| Size | 4,000-35,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | 30 Days |
$4.00-$8.00 - Dock and Elevator Access. 10' Ceiling Height. Ideal for many different types of small to mid-size businesses including artists, photographers, manufacturing, warehouse and office.
1st Fl - 102
| Size | 4,000 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | 30 Days |
Right off the docks, & washroom w/minimum drive in available. Can be combined with unit 105 (another 4,000 SF).
1st Fl - 105
| Size | 4,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | 30 Days |
Drive in Door on Springfield, next to loading docks & washrooms. Can be combined with unit 102 (another 4,000 SF).
1st Fl - 108
| Size | 3,200 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Drive-in door, 3 Private Washrooms, Shower & access to Loading Docks. $2,900 Monthly. Can be combined with unit 109 (3,600 SF).
1st Fl - 109
| Size | 3,600 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | 30 Days |
Windows, drive in door, private washroom, and office. Can be combined with unit 108 (3,200 SF)
1st Fl - 112
| Size | 2,600 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | 30 Days |
Lots of windows - open warehouse space. $2,000 Monthly.
1st Fl - 120-121
| Size | 180 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Steps from the loading docks. Additional storage. No windows. $300 to $1,200 Monthly
1st Fl - 124
| Size | 360 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
1st floor steps from loading docks. Additional storage. No windows. $540 Monthly
2nd Fl - 20
| Size | 1,300 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Large windows & skylight, steps to Elevator & Washroom. $1,200 Monthly.
2nd Fl - 200B
| Size | 2,100 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Lots of windows, A/C office, sink and steps from Washroom and Elevator. $2,100 Monthly.
2nd Fl - 202
| Size | 825 SF |
| Space Use | Industrial |
| Condition | - |
| Available | 30 Days |
Skylight windows, front of elevator and steps to washroom. $900 Monthly.
2nd Fl - 203
| Size | 1,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | 30 Days |
Skylight windows, front of elevator, and steps to washroom. $1,000 Monthly.
2nd Fl - 205
| Size | 1,300 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Large windows and skylight. Steps toe elevator and washroom. $1,200 monthly.
2nd Fl - 205C
| Size | 610 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Windows, steps from elevator & washrooms. $800 Monthly.
2nd Fl - 207
| Size | 1,300 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Large windows and skylight. Steps to elevator & washroom. $1,200 Monthly.
2nd Fl - 208
| Size | 2,100 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
A/C Office, skylight window, steps from washroom & elevator. $2,000 Monthly.
2nd Fl - 211
| Size | 2,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Skylight window, A/C office, steps from Washroom & Elevator. $2,000 Monthly.
2nd Fl - 212
| Size | 800 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Steps from elevator and washroom. No windows. $800 Monthly. Can be combined with unit 213 (5,000 SF).
2nd Fl - 213
| Size | 5,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Units 213-215. Next to elevator, private washroom, ppl gas & entire space is A/C. Can be divided. Showings available after April 1st.
2nd Fl - 226
| Size | 800 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Air conditioned, windows, PPL gas, steps from Washroom & Elevator. $1000 Monthly.
Property Taxes
| Parcel Number | 13-35-302-020-0000 | Improvements Assessment | $922,469 |
| Land Assessment | $171,791 | Total Assessment | $1,094,260 |
Property Taxes
Presented by
3850 W Cortland St
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