Share This Listing

Message

942 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Own in the vibrant West Logan/Hermosa corridor surrounded by businesses, residents, and opportunity.
  • Access one of Chicago's deepest urban labor pools and a growing workforce corridor.
  • Invest in America's most diverse economy with unmatched transportation and business connectivity
  • Only 2 miles to I-90 and 3 miles to I-290 with exceptional citywide access.
  • 7,000 SF building with C1-1 zoning and rear garage door access from alley.
  • Steve Kohn. Chicago Infill Industrial Warehouse Expert. Making dreams come true since 1997.

Executive Summary

Most Investors See a Building. Smart Investors See Possibilities.
Opportunities like this are becoming harder to find.
3949 W. Armitage Avenue offers approximately 7,000 square feet in Chicago's West Logan/Hermosa neighborhood. Priced at $650,000, the property provides a rare opportunity to acquire a highly flexible urban asset in one of Chicago's most vibrant and evolving neighborhoods. The property is zoned C1-1 and offers a rear garage door with alley access, creating opportunities for warehouse, retail, entertainment, showroom, studio, service, and owner-user concepts.
This is not a cookie-cutter investment.
This is the kind of property that allows an entrepreneur, investor, or owner-user to create value through vision, creativity, and execution.
Why Companies Choose This Location
The best businesses don't simply occupy space.
They position themselves where customers, employees, and opportunity already exist.
3949 W. Armitage sits in the heart of the West Logan/Hermosa corridor, surrounded by established residential neighborhoods, local businesses, restaurants, retail activity, and ongoing investment. Businesses choosing this location benefit from strong neighborhood demographics and excellent access to the larger Chicago market.
For owner-users, this means controlling occupancy costs while building equity.
For investors, it means owning a versatile asset in a neighborhood that continues to attract attention and investment.
Location creates opportunity.
This location creates plenty of it.
Transportation Creates Opportunity
Great locations make business easier.
3949 W. Armitage benefits from outstanding transportation access throughout Chicago.
The property is approximately two miles from I-90 and approximately three miles from I-290, providing efficient access to downtown Chicago, O'Hare Airport, the western suburbs, and the broader metropolitan area.
Public transportation is nearby.
Major roadways are nearby.
Customers are nearby.
Employees are nearby.
Vendors are nearby.
Businesses succeed when people can reach them.
This location makes that happen.
Labor Is the New Location
For years companies focused almost entirely on occupancy costs.
Today successful companies focus on labor.
Can employees get to work?
Can businesses recruit?
Can companies grow?
The West Logan and Hermosa neighborhoods provide access to one of Chicago's deepest urban labor pools. Employees can draw from nearby city neighborhoods while maintaining convenient access to transportation infrastructure throughout the region.
The easier it is to reach a business, the larger the potential labor pool becomes.
Smart companies understand that advantage.
Why This Property Works
Many small urban properties force buyers into a narrow range of uses.
3949 W. Armitage offers options.
Approximately 7,000 square feet.

C1-1 zoning.
Garage door access from the rear alley.
Warehouse potential.
Retail potential.
Entertainment potential.
Creative office potential.
Owner-user potential.
Investment potential.
Few properties at this price point offer this much flexibility.
The most successful investors understand that flexibility creates value.
The more future paths available, the more opportunity a property offers.
Why Chicago Continues To Win
Businesses are not simply choosing real estate.
They are choosing a market.
Chicago remains one of North America's most diverse economic engines.
The metropolitan area supports approximately 9.4 million residents, approximately 30 Fortune 500 headquarters, and approximately 243,000 technology jobs while maintaining significant strength across manufacturing, transportation, logistics, healthcare, finance, food production, and professional services.
That diversity creates resilience.
Resilience creates stability.
Stability creates opportunity.
Companies continue to choose Chicago because few markets can replicate its combination of labor, transportation infrastructure, customer density, and economic activity.
Ideal Users
This opportunity may be particularly attractive to:
Owner-users
Warehouse users
Contractors
Service businesses
Retail operators
Entertainment users
Creative studios
Showroom operators
Storage users
Investors seeking repositioning opportunities
The flexibility of the property allows a buyer to create a strategy that matches their business rather than adapting their business to fit the property.
Broker Perspective
One of the biggest mistakes buyers make is focusing only on a property's current use.
Successful investors focus on future possibilities.
3949 W. Armitage offers a highly functional building in a vibrant Chicago neighborhood with flexible zoning, transportation access, and multiple paths to value. It provides the opportunity to own a stand-alone property at an attractive price point within one of the largest and most resilient metropolitan economies in North America.
You can always improve a building.
You can update finishes.
You can renovate interiors.
You can change operations.
You cannot recreate location.
The combination of neighborhood momentum, building flexibility, transportation access, and affordability makes this a compelling opportunity for buyers looking to create value while controlling their own future.
The best opportunities are not always the largest.
Sometimes they are simply the most flexible.
3949 W. Armitage is one of them.

Taxes & Operating Expenses (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Taxes $20,926 $2.99
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2023)

Taxes (CAD)
Annual $20,926
Annual Per SF $2.99
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $20,926
Annual Per SF $2.99

Property Facts

Price $895,440 CAD
Price Per SF $127.92 CAD
Sale Type Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.16 AC
Rentable Building Area 7,000 SF
No. Stories 1
Year Built 1900
Tenancy Single
Parking Ratio 0.63/1,000 SF
Zoning C1-1 - Neighborhood Commercial permits small-scale retail, commercial, and auto-oriented uses, with residential apartments allowed above ground-floor space.

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
13-35-300-003-0000
Land Assessment
$79,556 CAD (2025)
Improvements Assessment
$150,503 CAD (2025)
Total Assessment
$230,059 CAD (2025)
Annual Taxes
$20,926 CAD ($2.99 CAD/SF)
Tax Year
2023
  • Listing ID: 36096661

  • Date on Market: 2025-06-03

  • Last Updated:

  • Address: 3949 W Armitage Ave, Chicago, IL 60647

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}