For Sale Industrial Property

Industrial for Sale
Catylist Listing ID: 30804252
Property Subtypes: Mixed Use, Warehouse/Distribution
Building Size (RSF): 41,622 SF
Gross Building Area: See Agent
Sale Price: $3,900,000
Unit Price: $93.70 PSF
Ceiling: 28 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/3/2022

Overview / Comments

This is a high-quality precast masonry constructed, building with steel interior framing and a decorative office area. The building currently has two tenants occupying 15,980 SF of the warehouse with 13,668 SF warehouse and 11,974 SF office currently being leased by the owner and will vacate upon sale of building.

The 29,648 SF +/- warehouse features 28’ clear and is equipped with 800 amp, 277/480 volt, 3 phase/4 wire electric, 7 recessed truck docks (8’x10’) and 6 pickup doors, 6’x7’ drive in doors, men’s and women’s restrooms. At the south end of the warehouse are two story offices 2,187 SF +/- with shipping office, break room, 2 large offices and 1 restroom. 8.28 acres with 2 +/- acres to the south of the building, suitable to be fenced in. 2021 pay 2022 taxes $49,861.70 ($0.79/SF).

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-12-24-302-006.000-046
Zoning: M-1
Site Description: This property is located south of U.S. Highway 30 on the west side of Utah Street, ¼ mile east of Colorado Street just 2 miles east of the I-65/U.S. Highway 30 interchange and 6 miles south of I-80/94 interchange. Close proximity to other light industrial businesses, professional offices and 6 million square feet of retail to include Avalon Manor, Walmart, Sam's Club, Big Lots, Target, Home Depot, Olive Garden and Cooper’s Hawk which is anchored by The Southlake Shopping Mall and much more. The building is somewhat viewable from US Highway 30. See attached Why Indiana! IEDC State marketing for all the great reasons to consider the move or expansion to this property.
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,823 21,949 96,075
Median Age: 34.58 41.33 38.39
Households: 1,331 9,069 36,942

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