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    Mundelein Industrial Warehouse For Sale Title is generated by Realmo AI

    333 S Washington Ave, Mundelein, IL

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    32,855 SF industrial warehouse with docks and drive-in doors.

    Type:INDUSTRIAL
    Property size:
    32,855 SF
    Lot size:
    3.99 Acres
    Price / SF:
    $98/SF
    Added:
    Sep 19, 2024
    Days on Market:
    635
    Last Refresh:
    May 20 at 9:31 pm

    Property Features for 333 S Washington Ave

    General Information

    Standard status
    Active
    Size
    32,855 SF
    Lot size
    3.99 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 333 S Washington Ave Contact us

    We can help!

    Listing Contact
    Olivia Czyzynski
    Olivia Czyzynski

    Listing agent Jennifer Hopkins, MBA License #475146577

    Listing office SVN | Chicago - Corporate

    Listing date Sep 19, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago - Corporate

    HighLights

    • 18' Clear Height for optimal storage and operations.
    • Features 2 Drive‑In Doors (16' W X 12" H).
    • Includes 2 Interior Docks.
    • Offers 600‑2,000a/240‑480 volts.

    Overview

    This 32,855 square foot industrial property is available for sale. The warehouse features an 18' clear height, two interior docks, and two drive-in doors, each measuring 16' wide by 12' high. It has 600-2,000 amps and 240-480 volts.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $212.9k $6.48
    − Vacancy −$10.9k −$0.33
    EGI $202.0k $6.15
    − OpEx −$30.3k −$0.92
    NOI $171.7k $5.23
    32,855 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.45M
    $2.15M – $2.86M (±1% cap)
    NOI $171,736 @ 7.0% cap · market cap 5.28%
    Second Best
    Industrial
    $2.02M
    $1.77M – $2.36M (±1% cap)
    NOI $141,430 @ 7.0% cap · market cap 4.35%
    Theoretical Best
    Office A
    $11.34M
    $9.93M – $13.23M (±1% cap)
    NOI $794,033 @ 7.0% cap · market cap 24.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • The Move Team LLC — 309 E Hawthorne Blvd, Mundelein, IL 60060
    • AF Move Team — 309 e hawthorne blvd, mundelein, il 60060

    Map

    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.004
    Latitude
    42.2631

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    FAQs

    What type of property is this?
    Warehouse - 32,855 SF industrial warehouse with docks and drive-in doors.
    Where is this warehouse located?
    The property is located at 333 S Washington Ave Mundelein, IL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 18' Clear Height for optimal storage and operations.; Features 2 Drive‑In Doors (16' W X 12" H).; Includes 2 Interior Docks.
    (312) 676-1866 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Olivia Czyzynski
    Olivia Czyzynski
    Real Estate License ID: 475146577
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