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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
3850 West Cortland Street offers a unique opportunity to acquire a multi-tenant industrial/flex property within Chicago’s established North industrial submarket. Located just seven miles northwest of the CBD, the property provides excellent connectivity to Interstate 90, Illinois Route 50, and North Avenue. This location ensures proximity to dense population centers, major business nodes, and transportation routes, positioning it ideally for diverse tenant demand.
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.
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
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Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 13-35-302-020-0000 | Improvements Assessment | $1,310,745 CAD |
| Land Assessment | $244,100 CAD | Total Assessment | $1,554,845 CAD |
Property Taxes
Parcel Number
13-35-302-020-0000
Land Assessment
$244,100 CAD
Improvements Assessment
$1,310,745 CAD
Total Assessment
$1,554,845 CAD
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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3850 W Cortland St
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