616 Progress Ave

Industrial for Sale
Catylist Listing ID: 30831000
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 11,756 SF
Gross Land Area: 1.03 Acres
Sale Price: $1,293,200
Unit Price: $110 PSF
Ceiling: 16 ft. Clear
Docks/Doors: 1 Dock, 1 Door
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2023

Overview / Comments

This is a light industrial building, built in 1994, with retail showroom and warehouse in excellent condition for lease in its entirety or a new owner can occupy 7,000 +/- SF and lease out 4,756 +/- SF. In addition to this building there is room for a 7,100 SF addition at the rear of building. 2,400 SF +/- retail/office features include reception area, 3 private offices with windows, break area, men's and women's bathrooms, cubicle area room and file area. Warehouse is 9,356 +/- SF with 3 phase power, 240 V, 10'x10' overhead door, 8'x10' dock with leveler and 16' clear ceiling height. Building has sloped metal roof. Suspended gas heaters and compressed air lines, both the furnace and air conditioning units were replaced 10 years ago. 2021 pay 2022 RE taxes $17,363.10 ($1.48/SF). This building will be available April 1st, 2023.
This property is located on the south side of Progress Avenue just 1 block south of Calumet Avenue just west of the Centennial Village, 1 block east of Three Floyds Brewery. Approximately 30 miles southeast of the Chicago Loop 1 mile east of the Illinois border. 2 miles south of Ridge Road and 3 miles south of I80/94. Community Hospital, The Times of Northwest Indiana newspaper, the Community Veterans Memorial, the LEED-certified Centennial Park and Golf Course, Bieker Woods Nature Area, eleven miles of bike paths, an innovative Public Art and Sculpture Program and the new Munster Music Festival are all in the vicinity.

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Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-06-36-227-002.000-027
Zoning: CD-4B
Area Description: This property is located on the south side of Progress Avenue just 1 block south of Calumet Avenue just west of the Centennial Village, 1 block east of Three Floyds Brewery. Approximately 30 miles southeast of the Chicago Loop 1 mile east of the Illinois border. 2 miles south of Ridge Road and 3 miles south of I80/94. Community Hospital, The Times of Northwest Indiana newspaper, the Community Veterans Memorial, the LEED-certified Centennial Park and Golf Course, Bieker Woods Nature Area, eleven miles of bike paths, an innovative Public Art and Sculpture Program and the new Munster Music Festival are all in the vicinity.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1994
Volts: 240
X-Phase: 3 phase

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,116 92,515 247,483
Median Age: 45.53 41.24 38.94
Households: 3,493 36,471 93,875

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