Small-Bay Industrial
New
For Sale
$7,000,000
16802 Lathrop Ave, Harvey, IL 60426
The multi-building portfolio combines industrial space across four properties with a mix of short-term tenant leases.
Property Size166,400 SF
Price / SF$42.07
Days on Market4
Property Features for 16802 Lathrop Ave
General Information
Standard status
Active
Size
166,400 SF
Property subtype
Warehouse
Occupancy
82%
Additional Details
Cap Rate
7.3%
Amenities
Small Bay Multi-Tenant Industrial Portfolio Acquisition Opportunity
Low Basis Offering of $42.07 Per Square Foot
Mark-to-Market Opportunity | Average Lease Rate of $8.91 Per Square Foot (Modified Gross)
Current WALT of 1.63 Years
Functional Small Bay Unit Sizes
In-Fill Chicagoland Location | Over One Million Population within 10-Mile Radius
Building Details
Building Size
166,400 SF
Year Built
1973
Buildings
5
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Peter Doughty · License #License(s): IL: 475.177502
(312) 327-5470
Source:
Marcusmillichap
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 6:17AM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This industrial portfolio comprises five buildings across four properties, with 166,400 square feet of small-bay space. Built in 1973, the properties are 81.61% occupied by a range of tenants. Most leases are short term and use modified-gross reimbursement structures.
The portfolio is located in Chicago’s south suburbs. Its properties include 16802–16888 Lathrop Avenue.
The portfolio is located in Chicago’s south suburbs. Its properties include 16802–16888 Lathrop Avenue.
Key Highlights
- 166,400 square feet across five buildings and four properties
- 81.61% occupied
- Most tenants are on short‑term leases with modified‑gross reimbursement structures
Property Analytics
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Current Use
Lease Details
81.6%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60426, IL
24,114
Population
10,870
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
77%
High-School Grad
7.7 sq mi
ZIP Area
3,132
Density / Sq Mi
$40,995
Median Household Income
$29,712
Median Earnings
$987
Median Rent
$88,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - The multi-building portfolio combines industrial space across four properties with a mix of short-term tenant leases.
Where is this warehouse located?
The property is located at 16802 Lathrop Ave Harvey, IL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 166,400 square feet across five buildings and four properties; 81.61% occupied; Most tenants are on short‑term leases with modified‑gross reimbursement structures
