Industrial Warehouse with NNN
For Sale
Contact for pricing
8338 Austin Ave, Morton Grove, IL 60053
Two-tenant warehouse with leased and vacant suites, supporting both occupancy and owner-user use.
Property Size15,204,077 SF
Price / SF$0.51
Days on Market158
Property Features for 8338 Austin Ave
General Information
Standard status
Active
Size
15,204,077 SF
Property subtype
Industrial
Occupancy
77%
Lease Type
NNN
Net Operating Income
$610,776
Building Details
Units
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
(630) 501-8656
Listed By:
Peter Doughty · License #IL 475.177502
Source:
Crexi
Added: Mar 27
Changed: Aug 29
Last Checked: Aug 30 at 7:53PM
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.
The property is a 152,040-square-foot industrial warehouse built in 1958 and configured for two occupants. Suite 100 contains 117,780 square feet and is leased to Bunzl USA under a triple-net structure through December 31, 2029. The 34,260-square-foot Suite 101 is vacant, providing space for an owner-user while the existing tenancy remains in place.
Located in Morton Grove, Illinois, the facility sits west of Interstate 94 and northeast of O’Hare International Airport. Current occupancy is 77.47%, with the leased suite representing the occupied portion of the building. The fee-simple offering includes the full industrial facility and its two-suite layout.
Located in Morton Grove, Illinois, the facility sits west of Interstate 94 and northeast of O’Hare International Airport. Current occupancy is 77.47%, with the leased suite representing the occupied portion of the building. The fee-simple offering includes the full industrial facility and its two-suite layout.
Key Highlights
- 152,040‑square‑foot industrial facility built in 1958
- Two‑suite configuration: 117,780 square feet leased and 34,260 square feet vacant
- Bunzl USA lease structured as triple‑net through December 31, 2029
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
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Similar Off Market Nearby
- Aerclaw Group — 6125 W Mulford St, Niles, IL 60714
- Life Storage — 6505 Oakton St, Morton Grove, IL 60053
- Chicago Professional Movers — 6114 madison ct, morton grove, il 60053
Frequently Asked Questions
What type of property is this?
Warehouse - Two-tenant warehouse with leased and vacant suites, supporting both occupancy and owner-user use.
Where is this warehouse located?
The property is located at 8338 Austin Ave Morton Grove, IL.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: 152,040‑square‑foot industrial facility built in 1958; Two‑suite configuration: 117,780 square feet leased and 34,260 square feet vacant; Bunzl USA lease structured as triple‑net through December 31, 2029
