616 Progress Ave.

Industrial for Lease
Catylist Listing ID: 30831023
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Contiguous Space: 11,756 SF
Building Size (RSF): 11,756 SF
Gross Land Area: 1.03 Acres
Lease Rate: $11.50 PSF (Annual)
Base Monthly Rent: $11,266
Lease Types: Modified Gross
Ceiling: 16 ft.
Docks/Doors: 1 Dock, 1 Door
Drive In Bays: 1 Bay
Last Updated: 1/20/2023

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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Expand All Available Space

Suite: 616 11,756 SF $11.50 PSF (Annual) Modified Gross
Space Available: 11,756 SF
Lease Rate: $11.50 PSF (Annual)
$11,266 (Monthly)
Lease Type: Modified Gross
Space Description: 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.
Date Available: 4/1/2023
Space Type: Relet
Ceiling 16 ft. Clear
Loading Docks 1
Loading Doors 1
Drive In Bays 1

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-06-36-227-002.000-027
Zoning: CD-4B
Highway Access: . 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.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1994
Parking Type: Surface
Volts: 240
X-Phase: 3 phase power

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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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