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    300 Joe Orr Rd Chicago Heights, IL 60411

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    Massive Industrial Warehouse, Ideal for Logistics

    Property size:
    223,517 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This expansive industrial warehouse, located at 300 Joe Orr Rd in Chicago Heights, Illinois, boasts 223,517 square feet of space, situated on an 18-acre lot. Built in 1957 and renovated in 1972, the property is zoned M-3, offering significant flexibility for various industrial uses. The warehouse features nine loading docks, ensuring efficient handling of goods. Ceiling heights range from 16 feet to 36 feet, providing ample vertical space for storage and operations. Recent improvements significantly enhance the property's functionality and appeal. These upgrades include a completely new roof with a warranty, providing long-term cost savings and peace of mind. The installation of new LED lighting improves energy efficiency and workspace illumination. The property also benefits from new truck docks and an updated underground sewer system, ensuring smooth operations and minimizing maintenance concerns. An updated locker room adds to the convenience and comfort for employees. This hard-to-find freestanding industrial facility presents a unique opportunity for businesses seeking a substantial and well-maintained warehouse in a strategic location within Cook County, Illinois, zip code 60411. The property's size, features, and recent renovations make it an exceptional investment opportunity.

    Property Features for 300 Joe Orr Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    223,517 SF
    Lot Size
    784,080 SF

    Building Details

    Year Built/Renovated
    1957/1972

    HighLights

    • 223,517 SF industrial warehouse on an 18‑acre lot in Chicago Heights, IL.
    • Built in 1957, renovated in 1972, M‑3 zoning.
    • Nine loading docks, ceiling heights 16' - 36'.
    • Recent improvements include a new roof, LED lighting, new truck docks, and an updated sewer system.
    • Updated locker room.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chicago Steel & Iron Steel Distributor

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.6244218
    Latitude
    41.5207121

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    FAQs

    What type of property is this?
    Distribution property - Massive Industrial Warehouse, Ideal for Logistics
    Where is this distribution property located?
    The property is located at 300 Joe Orr Rd Chicago Heights, IL.
    What are key features of this property?
    This property features: 223,517 SF industrial warehouse on an 18-acre lot in Chicago Heights, IL.; Built in 1957, renovated in 1972, M-3 zoning.; Nine loading docks, ceiling heights 16' - 36'.
    Request Owner's contact information
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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
    300 Joe Orr Rd Chicago Heights, IL 60411
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