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3850 W Cortland St 85,410 SF 73% Leased Industrial Building Chicago, IL 60647 For Sale
Investment Highlights
- Opportunity to acquire a well-located multi-tenant industrial/flex property in Chicago’s Logan Square area.
- Multi-dock and six drive-in doors, plus freight elevator service for versatile distribution needs.
- Current occupancy at 72.7% provides immediate income with strong lease-up upside potential.
- Excellent access to Interstate 90, IL Route 50, North Avenue, and regional transportation.
- Flexible layout ideal for warehouse, showroom, light manufacturing, and maker space users.
- Recently renovated in 2019, featuring modernized systems and functionality.
Executive Summary
The building spans 85,410 square feet across 1.11 acres and features multiple loading docks, six drive-in doors, and a freight elevator capable of handling industrial needs. Zoned M1-1, the property supports warehouse, showroom, maker, and light industrial users. Upgraded amenities, flexible suite configurations, and heavy power capabilities (1,200 AMP/120-240v, 3-phase) allow for tenant versatility.
With a current occupancy of 72.7% and an annual income of $751,460, investors can realize immediate in-place cash flow with significant upside by leasing remaining vacancies and capturing market rent growth. Surrounded by industrial, retail, and residential developments, and supported by high demand in an infill location, 3850 W Cortland promises long-term stability and value creation for its next owner.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built/Renovated | 1950/2020 |
| Property Subtype | Manufacturing | Clear Ceiling Height | 17’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 1.11 AC | No. Drive In / Grade-Level Doors | 6 |
| Rentable Building Area | 85,410 SF | ||
| Zoning | M1-1 - Industrial | Manufacturing | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.11 AC |
| Rentable Building Area | 85,410 SF |
| No. Stories | 2 |
| 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
- Bus Line
- Property Manager on Site
- Skylights
- Storage Space
- Common Parts WC Facilities
- Fluorescent Lighting
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Industrial, flex, storage units available for lease on the lower level of the building. 10' ceiling height. Access to loading dock and elevator! $4.00 PSF rate is for full user. The rate is higher for demised space. Ideal for many different types of small to mid-size businesses including artists, photographers, manufacturing, warehouse and office. Building has newer electric, water and gas, onsite management and 24/7 access.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 4,000-40,000 SF | Industrial | - | 30 Days |
1st Floor
| Size |
| 4,000-40,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 4,000-40,000 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | 30 Days |
Industrial, flex, storage units available for lease on the lower level of the building. 10' ceiling height. Access to loading dock and elevator! $4.00 PSF rate is for full user. The rate is higher for demised space. Ideal for many different types of small to mid-size businesses including artists, photographers, manufacturing, warehouse and office. Building has newer electric, water and gas, onsite management and 24/7 access.
Property Taxes
| Parcel Number | 13-35-302-020-0000 | Improvements Assessment | $922,469 |
| Land Assessment | $171,791 | Total Assessment | $1,094,260 |
Property Taxes
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
Presented by
3850 W Cortland St
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