3100 Randolph St Bellwood, IL 60104-1912

Property Details for 3100 Randolph St

Property type

Industrial properties

APN

15-09-400-103

APU

1509400103

Description

This exceptional 71,498-square-foot industrial building in Bellwood, Illinois, presents a compelling owner-user opportunity. Located at 3100 Randolph St, this single-story, Class C building sits on a 2.98-acre lot and boasts 5 loading docks (3 exterior, 2 interior). Built in 1959, the property features ceiling heights ranging from 15 to 18 feet, ample space for semi-truck turnaround, and additional street parking. Currently configured for multi-tenant occupancy with eight tenants in caged spaces, the building is easily adaptable to single-tenant use due to the absence of demising walls. All tenants are on month-to-month leases or have 90-day cancellation clauses. The property's zoning is I-1, and it includes heavy power. The asking price is $3,999,900 ($55.94/sq ft). Real estate taxes have been successfully reduced following a protest. Financial information, including a rent roll and expense details, is available upon request. The 2022 operating expenses (excluding capital expenditures, vacancy factor, and management fees) totaled $186,996, with real estate taxes at $91,037, resulting in a net operating income (NOI) of $149,767 (based on a gross income of $427,800). This property offers significant potential for value-add improvements and is ideally suited for a variety of industrial uses, including distribution and manufacturing. The Cook County APN is 15094001030000