4825 Lake StMelrose Park, IL 60160

For Sale
$3,000,000

16,600 SF Flex Space, $3M

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

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 Details for 4825 Lake St

Property type
Other warehouses, Other industrial properties
Square Feet
16,600 SF
Class
C
Year Built/Renovated
1965/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
20,909 SF
Units
1

Location Insight

City
Melrose Park
County
Cook
State
Illinois
Latitude
41.8998403
Longitude
-87.8937697
4825 Lake St, Melrose Park, Illinois

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4825 Lake St
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