Industrial

Industrial in Chicago, IL

4542 west patterson avenue, chicago, IL 60641

Price

Price on request

Description

3,500 SF Office Space with Up to 20 Car Parking Available for Lease 3,500 SF office space available at 4542 W Patterson. Ample exclusive outdoor space available for parking (up to 20 cars) and/or outdoor storage. Asking lease rate - $7,000/month (modified gross). Total building size is 15,664 SF.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

4542 west patterson avenue, chicago, IL 60641

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Chicago industrial market showed rents up 4.3% year over year. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$6.76–$6.80/SF/yr

Estimated sale value

$57–$70/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Newmark data (cap rate 8.1%, asking rent trend-adjusted to today).

View the full Chicago Industrial market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other industrial listings for sale in Chicago, IL to benchmark pricing and space — view the full market.