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Modern Office/Warehouse Building For Lease
For Lease
$8.50 SF/Yr NNN (Triple Net)

8338 Austin Ave, Morton Grove, IL 60053

Modern office/warehouse with heavy parking, near transportation and major highway.

Space SizeContact for details
Days on Market759

Property Features for 8338 Austin Ave

General Information

Standard status Active
Listing Agency: Strauss Realty Ltd
Listed By: Adam Schneiderman · License #475149601
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:00AM

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 Strauss Realty Ltd

Investment Insights

Based on property information with market context.

This modern office/warehouse building in Morton Grove offers leasing opportunities with available spaces ranging from 10,000 to 47,355 square feet. The property features 4 shared docks and 1 drive-in door. The layout includes 13,260 square feet of open office space, break rooms, and conference rooms, complemented by up to 34,095 square feet of warehouse space. Currently, 35,000 square feet is configured as office space suitable for a call center. The building is mostly equipped with HVAC and has a 14-foot clear ceiling height with 50x25 column spacing and wet sprinklers. The property is located across from Austin Park, less than a mile from the Morton Grove METRA station, and approximately 1 mile from the I-94 interchange accessible via Dempster Street. The lease type is NNN, with operating expenses at $1.47 per square foot and utilities (including scavenger services) at $1.00 per square foot.

Key Highlights

  • Flexible space: 10,000 to 47,355 SF available, suitable for office or warehouse use.
  • Strategic location: Less than 1 mile to the Morton Grove METRA station and 1 mile to I‑94 interchange.
  • Ample parking and loading: Includes 4 shared docks and 1 drive‑in door with heavy parking.

Property Analytics

Current Use

Keenpac Distribution Center Tyree & Clouse Law ... Law Firm SPC Purchasing Government Office Integrated Merchandising Solutions ... Business To Business Service Bunzl Retail Services Distribution Center

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,175
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60053, IL

25,297
Population
9,546
Households
2.7
Avg Household Size
45
Median Age
52%
College-Educated
90%
High-School Grad
5.1 sq mi
ZIP Area
4,960
Density / Sq Mi
$106,078
Median Household Income
$61,315
Median Earnings
$2,210
Median Rent
$377,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Filipino Food Catering 6019 Dempster St, Morton Grove, IL 60053

Frequently Asked Questions

What type of property is this?
Flex space - Modern office/warehouse with heavy parking, near transportation and major highway.
Where is this flex space located?
The property is located at 8338 Austin Ave Morton Grove, IL.
What is the lease rate?
The lease rate is $8.50 SF/Yr.
What are key features of this property?
This property features: Flexible space: 10,000 to 47,355 SF available, suitable for office or warehouse use.; Strategic location: Less than 1 mile to the Morton Grove METRA station and 1 mile to I‑94 interchange.; Ample parking and loading: Includes 4 shared docks and 1 drive‑in door with heavy parking.
More about this property
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