5064 South Merrimac Avenue

Off-Market

5064 South Merrimac Avenue, Chicago, IL 60638

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 306,538 SF
  • Lot Size 14.33 Acre
  • Parking Spaces Avail. 162
  • Parking Ratio 0.53 / 1,000 SF
  • Property Tenancy Vacant
  • Building Class A
  • Year Built 2021

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Chicago

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Chicago Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $36.90
  • 2022 Office Vacancy Rate 15.59%
  • 2022 Office Completions (SF) 2,567,705

Chicago Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $227.03
  • Y-o-Y Avg. PpSF Change -35.57%
  • 2022 Office Sales Volume $1.1B
  • 2022 Number of Transactions 24
View more Chicago market trends

Location

Getting Around

  • Walk Score ®

    45/100 Car-Dependent
  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Garfield Ridge
  • Zip Code 60638
  • Market Chicago

Points of Interest

  • Summit

    1.55 miles

  • Berwyn

    2.36 miles

  • Midway

    2.37 miles

  • Harlem Avenue

    2.40 miles

  • LaVergne

    2.42 miles

  • Riverside

    2.80 miles

  • Pulaski

    2.87 miles

  • Hollywood

    3.19 miles

  • Cicero

    3.48 miles

  • Brookfield

    3.56 miles

  • Shell

    0.58 miles

  • BP

    0.83 miles

  • Marathon

    0.92 miles

  • Citgo

    0.94 miles

  • BP

    1.02 miles

  • Mobil

    1.19 miles

  • Shell

    1.20 miles

  • Shell

    1.23 miles

  • Speedway

    1.50 miles

  • Thorntons

    1.59 miles

  • Midway Parking

    0.90 miles

  • Midway Airport Rental Car Facility

    1.57 miles

  • Taxi Staging Area

    2.11 miles

  • Limo Staging Area

    2.15 miles

  • Midway Airport Parking Garage

    2.24 miles

  • Midway Park & Ride

    2.36 miles

  • Midway Airport Cell Phone Lot

    2.39 miles

  • Midway Airport Cell Phone Lot

    2.44 miles

  • Pulaski Park & Ride

    2.75 miles

  • Trailer Parking

    3.32 miles

  • Wingstop

    0.56 miles

  • Home Run Inn Pizza

    0.56 miles

  • Lindys Chili

    0.64 miles

  • The Shrimp Shack

    0.69 miles

  • KFC

    0.73 miles

  • McDonald's

    0.76 miles

  • Dunkin'

    0.79 miles

  • Triano's Pizza

    0.82 miles

  • Ash GastroPub

    0.86 miles

  • Dunkin'

    0.94 miles

  • Jewel-Osco

    0.69 miles

  • Shop & Save Market

    1.12 miles

  • ALDI

    1.23 miles

  • Fair Share Foods

    1.55 miles

  • Jewel-Osco

    1.76 miles

  • Marshalls

    1.81 miles

  • ALDI

    1.88 miles

  • Walmart Supercenter

    2.71 miles

  • Riverside Foods

    2.75 miles

  • Save-A-Lot

    2.82 miles

  • Chicago Fire Department Engine Company 32

    0.68 miles

  • MacNeal Healt Care Center

    0.75 miles

  • Stickney Fire Department

    0.95 miles

  • Walgreens

    1.00 miles

  • Forest View Police Department

    1.07 miles

  • Nordica Medical Center

    1.07 miles

  • Forest View Fire Department

    1.08 miles

  • Central Stickney Fire Department

    1.12 miles

  • Stickney Township Central Clinic

    1.18 miles

  • Walgreens

    1.22 miles

Frequently Asked Questions

What is the total square footage of 5064 South Merrimac Avenue?

5064 South Merrimac Avenue totals 306,538 square feet.

What is the property tax for 5064 South Merrimac Avenue?

The property tax for 5064 South Merrimac Avenue in 2022 was $60,802.

What is the market value for 5064 South Merrimac Avenue?

The market value* for 5064 South Merrimac Avenue in 2022 was $2,185,071.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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