Listed by Strauss Realty
$2,949,000
6415-33 N Ravenswood Avenue
Details
APN 11-31-418-001; 11-31-418-002; 11-31-418-003; 11-31-418-004
Property Type Industrial
Sub Type Warehouse, Industrial
Square Footage 38,504
Cap Rate 9.00%
NOI $285,127
Year Built 0
Stories 3
Lot Size (SqFt) 31,878
Zoning M1-2
Parking Spaces 30 spaces
Parking per 1,000 SqFt 0.78
Loading Docks 7
Dock High Doors 2
Industrial | 9.00% CAP | 38,504 SqFt
Marketing description
Incredible Investment Offering in Rogers Park! Multi-building property for sale. Three buildings (one-story, two-story and a three-story) totaling 38,504 SF. The buildings house office, flex, industrial and creative-use tenants, including: U-Haul, Evanstonia Antiques, and the CIADC (Chicago Industrial Arts & Design Center). There are a total of 7 loading doors, 2 drive-ins. Parking lot for 30+ cars. Great location next to a corner strip center with easy access to major streets. Also located less than 1 mile from Loyola University (with an annual enrollment of 17,000 students).
Investment highlights
- Income generating property with three buildings totaling 38,504 SF
- Potential for development in an area with escalating housing prices and high retail demand
- Flexible, multi-use spaces for industrial, office, creative and flex use
- Easy access to major streets, just off the corner of Ravenswood & Devon
- Less than 1 mile from Loyola University
- The Elevate Devon Corridor Plan (a multi-year community improvement initiative for 1 mile stretch of Devon Avenue between Sheridan Road and Ravenswood Avenue ) will revitalize the surrounding neighborhood
- Next to “Ravenswood Center” shopping center
Listing Contacts
Listed by Strauss Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$285,127.00
$23,760.58/mo
Valuation Metrics
0
DSCR
9.67%
Cap Rate
9.67%
ROI
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