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$1,449,000
Est. payment /mo
21,355 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 21,355 sqft
Price per Sqft $67
MLS Listing ID 12648338
Year Built 1984
Annual Tax Amount $69,401
Tax Year 2024
Lot Size 1.070 Acres
Lot Dimensions 300x200x155
Property Sub-Type Industrial
Property Description
A rare opportunity to own a well-located, income-producing industrial asset in the Chicago South Suburbs! This industrial property offers approximately 21,355 SF of flexible space (including ~1,213 SF office) on a generous 46,609 SF lot with 40 parking spaces. Built in 1984 with solid brick, concrete, and concrete block construction and a steel roof, the property is ideally suited for warehouse/distribution, manufacturing, food/beverage, office/research, flex, and other commercial/industrial uses. The features include central air conditioning, 3-phase power (up to 600 amps), full utilities on site (electric, gas, water, sanitary), 10' clear height, accessible entrance, and multiple overhead doors. The site provides excellent visibility and accessibility in the South Suburban commercial business district, near major roadways and businesses. The rental income has significant upside through updated rents and leasing of the two existing vacancies (expected to be filled by closing). This is a true "armchair" investment-perfect for 1031 exchange buyers or owner-users. The original owners occupied a portion of the building for over 40 years and are now retired and motivated to sell. This turnkey property in a stable industrial market offers immediate cash flow, long-term appreciation potential, and flexibility for a wide range of business operations. Bring all offers; investors and owner-users are encouraged to act quickly.
Location
State IL
County Cook
Area Blue Island
Zoning INDUS
Interior
Cooling Central Air, Office Only
Flooring Carpet, Concrete, Tile, Varies, Vinyl
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available
Roof Type Membrane
Building
Dwelling Type Industrial
Structure Type Brick,Concrete,Block,Steel Siding
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Listed by Charles Groebe of Coldwell Banker Realty
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Crosstown Realtors
Owner | License ID: 471019341