Warehouses for sale in Chicago offer a unique investment opportunity for those looking to capitalize on the city's diverse economy and strategic location. As the third-most populous city in the United States, Chicago is a hub for various industries, including finance, culture, commerce, technology, and transportation. Warehouses, in particular, represent a sound investment opportunity, providing a space for businesses to operate, store goods, and distribute products. With its proximity to major transportation facilities, including O'Hare International Airport and Midway International Airport, as well as its comprehensive transit system, Chicago offers unparalleled access to regional and national markets. The city's amenities, such as its 570 parks, world-class conservatories, and recreational spaces, also make it an attractive location for businesses and residents alike. Additionally, Chicago is home to several renowned universities and colleges, including the University of Chicago, Northwestern University, and Illinois Institute of Technology, providing a skilled workforce and opportunities for collaboration and innovation.
Chicago's warehouses for sale offer a range of opportunities for investors, from small, flex spaces to large, industrial facilities. With 97 warehouses currently available, there are plenty of options to choose from. The average price per square foot for warehouses in Chicago is $112 USD, with an average size of 38,369 square feet. The largest warehouse available spans 391,560 square feet. In addition to warehouses, Chicago also offers a range of other property types, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties, such as those found in the city's manufacturing corridors, offer opportunities for businesses to operate and expand. Land, meanwhile, provides a blank canvas for development and investment. Residential income homes, including apartments and condominiums, offer a steady stream of income for investors. Finally, commercial real estate, including office buildings and retail spaces, provides opportunities for businesses to operate and thrive. With its diverse economy, strategic location, and range of property types, Chicago is an attractive location for investors and businesses alike.
What are the key features investors look for in warehouses in Chicago?
When searching for warehouses in Chicago, investors typically look for properties with specific features that meet their business needs, including:
- Average price per square foot of $112 USD, with an average size of 38,369 square feet and a maximum size of 391,560 square feet among the 97 available listings.
- A convenient location with easy access to major transportation hubs, such as O'Hare International Airport, Midway International Airport, and the Union Station, as well as proximity to highways like I-55, I-57, and I-90.
- A competitive average cap rate of 8.28%, which indicates a strong potential for returns on investment in the Chicago warehouse market.
What size warehouses are available to buy in Chicago?
Warehouses for sale in Chicago range in size from 38,369 square feet to 391,560 square feet, with an average price per square foot of $112 USD and an average cap rate of 8.28%, offering a diverse range of options for buyers and investors.
How much does it cost to buy a warehouse in Chicago?
When considering purchasing a warehouse in Chicago, you can expect to pay an average of $112 USD per square foot, with the average warehouse size being around 38,369 square feet, and the largest available warehouse space reaching up to 391,560 square feet, with a total of 97 available listings to choose from, and an average cap rate of 8.28%.
