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    80 North St Park Forest, IL 60466

    Sponsored
    For Lease
    $8 SF/Yr

    Versatile Warehouse/Office Space, 123,600 SF

    Lot size:
    123,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 123,600-square-foot industrial property, situated on a 7.5-acre lot in Park Forest, Illinois, presents a unique investment opportunity. Built in 1960 and renovated in 2001, the property boasts a flexible layout suitable for various uses, including warehouse, distribution, refrigerated/cold storage, medical office, creative office, and flex space. The building features a 16-foot ceiling height, enhancing operational efficiency. Loading and unloading are facilitated by three loading docks, seven dock-high doors, and three drive-in doors. The property is divisible to a minimum of 5,000 square feet, catering to diverse tenant needs. Zoned M-2, it's ideally suited for food production, manufacturing, and cannabis cultivation (subject to all applicable laws and regulations). Located at 80 North Street, with convenient access to Orchard Drive, I-57, and 394, this property offers unparalleled accessibility. The property's address is 80 North St, Park Forest, IL 60466, with APN numbers 31-25-200-009-0000 and 31-25-200-011-0000. This multi-tenant property offers a blend of office space, cold storage, and industrial warehouse areas, making it an attractive option for businesses seeking a versatile and strategically located facility. The property's history as a food manufacturing facility adds to its potential for a variety of industrial uses.

    Property Features for 80 North St

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,600 SF
    Total Rate
    82400

    Building Details

    Year Built/Renovated
    1960/2001

    Unit(s) available at that property

    Space
    Industrial
    Size
    103,116 SF
    Rate per SF
    $8

    HighLights

    • 80,116 SF warehouse/manufacturing space.
    • Cold storage including approximately 4,000 SF of freezer space.
    • 23,000 SF of two‑story executive offices.
    • 16'-24' clear ceiling height.
    • 5 interior docks and 2 exterior docks.
    • Ample trailer parking at a signalized corner location.
    Property Profile Location Intelligence

    Current Use by Public Records

    KRAJINA TRUCK REPAIR Truck Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Park Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.6820968
    Latitude
    41.4984682

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Versatile Warehouse/Office Space, 123,600 SF
    Where is this refrigerated / cold storage located?
    The property is located at 80 North St Park Forest, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 80,116 SF warehouse/manufacturing space.; Cold storage including approximately 4,000 SF of freezer space.; 23,000 SF of two-story executive offices.
    Request Owner's contact information
    80 North St Park Forest, IL 60466
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    80 North St Park Forest, IL 60466
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