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    720 Joe Orr Rd Chicago Heights, IL 60411

    Sponsored
    For Lease
    $22 SF/Yr

    12,000 SF Warehouse, 7.7 Acres

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This turnkey Chicago Heights industrial property offers 12,000 square feet of space, encompassing approximately 9,200 square feet of shop area and 2,800 square feet of office and storage. Situated on a 7.7-acre lot, with approximately 4.5 acres improved, the property includes a fenced and gated yard, ample parking for over 40 trucks and trailers, and additional car parking for 60 vehicles. The building features nine 14-foot-tall drive-in doors and 800-amp electric service. Currently used as a truck terminal for parking and repair, this M-3 zoned property is ideal for manufacturing or heavy truck use and repair. Conveniently located with easy access to I-80/94 (approximately 10 minutes away) and downtown Chicago (approximately 35 minutes away). The property is ready for immediate occupancy with a minimum three-year lease. The zoning allows for truck use, and there's room to expand parking on-site. This single-tenant property in Cook County, Illinois, at 720 E Joe Orr Rd, Chicago Heights, IL 60411, presents a significant opportunity for businesses seeking a well-equipped and strategically located industrial space.

    Property Features for 720 Joe Orr Rd

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Total Rate
    22000

    Unit(s) available at that property

    Space
    Size
    12,000 SF
    Rate per SF
    $22
    Property Profile Location Intelligence

    Current Use by Public Records

    C & M Transport ... Trucking Company

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Storage Facility Bar & Pub Electrical Service Electronics Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.6023295
    Latitude
    41.5205841

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    FAQs

    What type of property is this?
    Manufacturing property - 12,000 SF Warehouse, 7.7 Acres
    Where is this manufacturing property located?
    The property is located at 720 Joe Orr Rd Chicago Heights, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    Request Owner's contact information
    720 Joe Orr Rd Chicago Heights, IL 60411
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    Chicago Heights, IL 60411
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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
    720 Joe Orr Rd Chicago Heights, IL 60411
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