- $7,052,640
- Built in 1975
- 4 AC Lot
- Capitalize on a flexible warehouse building opportunity with abundant parking and storage and convenience to major transportation routes.
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Market Overview
In Chicago, warehouses for sale are averaging a cap rate of 8.01%, a notable figure given that the city's average rose +130 bps from 6.71% in Q1 2026 to 8.01% by Q3 2026. The Illinois state average held nearly flat over the same period, moving only +20 bps from 8.33% to 8.53%.
- The average price per square foot for Chicago warehouses is $170, and the city's historic average rose from $127 in Q1 2026 to $167 by Q3 2026, a gain of about 31.5%, compared to the Illinois state average which rose more gradually from $113 to $128 over the same period.
- The average warehouse size on the market is 36,553 SF, and the historic city average fell steadily from about 48,200 square feet in Q1 2026 to roughly 36,400 square feet by Q3 2026, pointing to a shift in the mix of available properties toward smaller buildings over that period.
- Chicago currently has 105 warehouses listed for sale, and the historic active listing count held relatively steady, ranging from 103 in Q1 2026 to a high of 110 in Q2 2026 before settling back to 105 by Q3 2026.
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