Property summary
This exceptional investment opportunity presents a fully leased, multi-tenant flex warehouse and office complex totaling 23,500 square feet, strategically located in Machsney Park, Illinois, near the intersection of Hwy 251 and I-39. The property consists of two single-story buildings, built in 2006, featuring eight units currently operating at 100% occupancy. Each unit offers a blend of warehouse and office space, with 12 roll-up doors and a 16-foot clear height, catering to diverse tenant needs. The property's six separate Assessor's Parcel Numbers (APNs) offer the unique potential for future subdivision into up to twelve individual units or sale as separate condominiums, maximizing investment returns. This value-add opportunity is priced at $1,749,000, representing $74.43 per square foot and $218,625 per unit. The property's prime location within the greater Chicagoland area, a major metropolitan area, ensures strong tenant demand and future growth potential. The seller may consider financing options. This is a rare chance to acquire a high-performing asset in a thriving market. The property is zoned L1.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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