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    4825 Lake St Melrose Park, IL 60160

    Sponsored
    For Sale
    $3,000,000

    16,600 SF Flex Space, $3M

    Property size:
    16,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 16,600-square-foot industrial property in Melrose Park, IL, presents a compelling investment opportunity. Located at 4825 W Lake St, this vacant, Class C building boasts 345 feet of high-visibility frontage on Lake Street. The property features a two-story office space of 3,450 square feet and a 13,100-square-foot shop area, ideal for various industrial uses. The building, constructed in 1965 and extensively renovated in 2024, offers 18-foot clear ceiling heights, ten 12'x14' dock-high doors, two interior depressed truck docks and pit bays, a washing bay, and a triple basin oil separator. Additional features include two parts rooms, ample parking for semi-trucks and trailers, and a robust 3-phase, 400-amp electrical system. The 0.48-acre lot provides significant space, and the property benefits from 6B tax incentives. This owner-user opportunity is priced at $3,000,000 ($180.72/SF) and is zoned for industrial use. The property's modern renovations, prime location, and tax incentives make it an attractive investment with significant growth potential. The building sits on a 21,032 square foot lot and includes two freestanding signs.

    Property Features for 4825 Lake St

    General Information

    Property type
    Distribution properties
    Square Feet
    16,600 SF
    Class
    C
    Lot Size
    20,909 SF

    Building Details

    Year Built/Renovated
    1965/2024
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 6B Tax Incentives: Benefit from substantial tax incentives, maximizing ROI.
    • Modern Renovation: Recently renovated, state‑of‑the‑art diesel mechanic shop.
    • Exceptional Value: Most affordable property in the area.
    • Prime Industrial Location: High‑demand industrial area with excellent access.
    • High Growth Potential: Significant growth potential due to tax incentives and modern features.
    • Strong Investment: Attractive investment offering immediate and long‑term value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fleet Master Truck ... Truck Repair Shop Kelley's Truck Center Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8937697
    Latitude
    41.8998403

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    FAQs

    What type of property is this?
    Distribution property - 16,600 SF Flex Space, $3M
    Where is this distribution property located?
    The property is located at 4825 Lake St Melrose Park, IL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 6B Tax Incentives: Benefit from substantial tax incentives, maximizing ROI.; Modern Renovation: Recently renovated, state-of-the-art diesel mechanic shop.; Exceptional Value: Most affordable property in the area.
    Request Owner's contact information
    4825 Lake St Melrose Park, IL 60160
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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
    4825 Lake St Melrose Park, IL 60160
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