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    23040 Eames St Channahon, IL 60410

    Sponsored
    For Sale
    $5,999,999

    High-yield warehouse, excellent location.

    Property size:
    21,741 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a multi-tenant warehouse complex located at 23040 W Eames St, Channahon, IL 60410. The property boasts a total of 21,741 square feet across four buildings situated on a 6.16-acre lot. Built in 2004, this property offers significant upside potential with current tenants on short-term leases and rents below market rates. The property enjoys a strategic location near Union Pacific Rail Terminals, providing easy access to major transportation routes, including convenient access to I-55. The 4.94% cap rate and $296,400 pro-forma NOI demonstrate strong investment potential. The property features newly paved industrial outdoor storage, offering ample space for various industrial needs. This submarket exhibits high entry barriers and a low vacancy rate, making this a rare and valuable opportunity for investors seeking value growth. The zoning allows for a variety of industrial and commercial uses, providing flexibility for future development or expansion. The current tenant situation allows for the negotiation of higher rents, further enhancing the return on investment. This property is an ideal choice for investors seeking a high-yield, strategically located industrial asset with significant upside potential. The asking price is $5,999,999, with a price per square foot of $275.98.

    Property Features for 23040 Eames St

    General Information

    Property type
    Distribution properties
    Square Feet
    21,741 SF
    Lot Size
    268,330 SF

    Building Details

    Year Built
    2004
    Buildings
    4

    HighLights

    • Excellent connectivity to Union Pacific Rail Terminals.
    • 6.16 acres of newly paved industrial outdoor storage.
    • Significant value growth potential due to below‑market rents and short‑term leases.
    • High‑barrier‑to‑entry submarket with only 5.3% vacancy.
    • Easy I‑55 access for seamless logistics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm Hotel & Motel Auto Parts Store Kitchen & Bath Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Channahon
    County
    Will
    State
    Illinois
    Longitude
    -88.1736331
    Latitude
    41.4704834

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    FAQs

    What type of property is this?
    Distribution property - High-yield warehouse, excellent location.
    Where is this distribution property located?
    The property is located at 23040 Eames St Channahon, IL.
    What is the asking price?
    The asking price for this property is $5,999,999.
    What are key features of this property?
    This property features: Excellent connectivity to Union Pacific Rail Terminals.; 6.16 acres of newly paved industrial outdoor storage.; Significant value growth potential due to below-market rents and short-term leases.
    Request Owner's contact information
    23040 Eames St Channahon, IL 60410
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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
    23040 Eames St Channahon, IL 60410
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