Active · For Sale · Industrial

3260 W Grand Avenue, Chicago, IL 60651

MLS #12764681

3260 W Grand Avenue, Chicago, IL 60651
3260 W Grand Avenue, Chicago, IL 60651CRER
3260 W Grand Avenue, Chicago, IL 60651

Start a conversation

Inquire about this property

3260 W Grand Avenue, Chicago, IL 60651

Property inquiry details

By submitting, you agree to the CRER privacy policy.

The property

Executive summary

3260 Grand offers Investors and Developers the opportunity to re-purpose or level and redevelop a one of a kind property in a burgeoning market. The brick and heavy timber warehouse provides any number of use possibilities and is located at the intersection of Grand Avenue, Augusta Boulevard and Spaulding Street The property is adjacent to residential housing and commercial businesses, proximate to Humboldt Park and provides access to public transportation with the Grand Avenue bus. Current use is automotive and industrial and current zoning is C1-2 and RS-3. Neighborhood precedent for zoning variance is justifiable making this a feasible endeavor for the long term minded visionary. Property covers 34,374 square feet lot line to lot line and the existing structure is 62,000 square feet on two levels with 10'6" clear height on the ground level and and 11'7" on the second level, both to the underside of the beams. Two exterior loading docks, Three 12 foot wide and 11 foot high drive in doors. Five interior stairwells and two high capacity freight elevators. 1200+ Amps electric service. Property is sprinklered.…

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$156,000
Estimated GRM
14.10
Annual Taxes
$81,381 (2023)

Property Details

Units
1
Building Size
62,000 SF
Lot Size
32,474 SF
Lot Dimensions
133x222x132x264
Stories
2
Year Built
1961
Building Age
Older
Zoning
OTHER
Parcel Number
16024140020000

Operations & Utilities

Heating
Ceiling Units
Cooling
None
Tenant Pays
Other
Electric
Over 600 Amps

Location & Use

County
Cook
Market Area
Chicago - Humboldt Park

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.