Refrigerated Food Production Facility

947 Carney Ct, Antioch, IL 60002

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For Sale

Contact for pricing

FDA approved, NSF, SQF & Kosher certified food production building.

Type:Industrial

Property size:

18,900 SF

Lot size:

1.00 Acre

Price / SF:

$79/SF

HighLights

FDA, NSF, SQF, and Kosher certified food production building.
18,900 SF refrigerated food production facility.
Excessive heavy power: 1700 amps 480v, 3 phase.
Located halfway between Chicago and Milwaukee.
Clear ceiling heights from 17 to 28 feet.
Owner financing and lease with option possibilities.

We can help!

Contact an agent

Bryan Shaughnessy

For Sale

Contact for pricing

FDA approved, NSF, SQF & Kosher certified food production building.

Type:Industrial

Property size:

18,900 SF

Lot size:

1.00 Acre

Price / SF:

$79/SF

Added:: Aug 12, 2024
Days on Market:: 694
Last Refresh:: May 13 at 8:26 pm

Property Features for 947 Carney Ct

General Information

Standard status: Active
Size: 18,900 SF
Lot size: 1.00 Acre
Property subtype: Industrial

Building Details

Year Built: 1992

We can help!

Contact an agent

Bryan Shaughnessy

Listing office Realty World-Tiffany R.E

Listing date Aug 12, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Realty World-Tiffany R.E

HighLights

FDA, NSF, SQF, and Kosher certified food production building.
18,900 SF refrigerated food production facility.
Excessive heavy power: 1700 amps 480v, 3 phase.
Located halfway between Chicago and Milwaukee.
Clear ceiling heights from 17 to 28 feet.
Owner financing and lease with option possibilities.

Overview

This 18,900 square foot refrigerated food production facility is situated on just over an acre, located approximately halfway between Chicago and Milwaukee. The building is FDA approved, and holds NSF, SQF, and Kosher certifications. Constructed with insulated metal panels, the property features clear ceiling heights ranging from 17 to 28 feet. It includes six 17-foot overhead doors and two loading docks equipped with levelers. The property benefits from heavy power, offering 1700 amps at 480v, 3 phase. Suitable for various end-users, including food production, the medical industry, and warehousing, this property also presents potential for investors. The property will be delivered vacant. The property is suitable for a multitude of end users, including food production, the medical industry, and warehousing.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$122.5k	$6.48
− Vacancy	−$6.2k	−$0.33
EGI	$116.2k	$6.15
− OpEx	−$17.4k	−$0.92
NOI	$98.8k	$5.23

18,900 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.41M

$1.23M – $1.65M (±1% cap)

NOI $98,792 @ 7.0% cap · market cap 6.59%

Second Best

Industrial

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,358 @ 7.0% cap · market cap 5.43%

Theoretical Best

Office A

$6.53M

$5.71M – $7.61M (±1% cap)

NOI $456,772 @ 7.0% cap · market cap 30.47%

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

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Similar Places Nearby

Lake County Storage — 849 Anita Ave, Antioch, IL 60002
Final Finish Boat Works - Fiberglass Repair, Painting & Detailing — 811 Pickard Ave, Antioch, IL 60002
Ashley’s Sparkle And Shine Corp. — 760 Main St, Antioch, IL 60002
Self-Storage at U-Haul — 236 IL-173, Antioch, IL 60002
ABW Self Storage Unit — 1211 Main St, Antioch, IL 60002

Location Insight

Map
Local Demand

City: Antioch
County: Lake
State: Illinois
Longitude: -88.0875263
Latitude: 42.4773908

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For sale
Warehouses
IL
Antioch
60002
947 Carney Ct

What type of property is this?

Warehouse - FDA approved, NSF, SQF & Kosher certified food production building.

Where is this warehouse located?

The property is located at 947 Carney Ct Antioch, IL.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: FDA, NSF, SQF, and Kosher certified food production building.; 18,900 SF refrigerated food production facility.; Excessive heavy power: **1700 amps 480v, 3 phase.**