4100 West 40th Street — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Chicago, IL 60632
  • Submarket: Chicago South
  • Size: 67,034 SF

Photos

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Description

Minutes from I-55 Immediate access to Chicago Business District Located in Chicago's Crawford Industrial Park - 14th Ward

Market Context

This industrial in Chicago, IL is listed for lease across 67,034 SF. Compare it against other industrial listings for lease in Chicago, IL — view the full market.

As of Q2 2026, the Chicago industrial market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

Is the Chicago industrial market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$0.52/SF/mo – $0.71/SF/mo

Mid: $0.62/SF/mo

Estimated total for 67,034 SF: $41,561 per month

Based on comparable properties in similar markets rather than local sales.

By our match to nearby addresses in brokers' reports, this property is in the Chicago South submarket, where average warehouse/distribution asking rent was $8.07/SF/yr in Cushman & Wakefield's Q1 2026 report.

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