16400 Dixie HwyMarkham, IL 60428

For Sale
$4,400,000

High-yield investment, 8,400 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Markham, IL property offers a unique investment opportunity encompassing a two-story office building (2,400 sq ft), a three-bay repair shop (6,000 sq ft), and a substantial 5-acre parking lot with 80+ spaces. Located on Dixie Hwy with 720 feet of frontage, this complex benefits from excellent visibility and convenient access to major interstates (I-294, I-80, I-57). The property is currently 100% occupied by three tenants under a net lease, generating a substantial NOI of $414,000 (pro-forma NOI $354,000), resulting in a compelling 9.41% cap rate (pro-forma 8.05%). The building, completely renovated in 2016, features two units, each priced at $2,200,000. The property boasts a permanent trucking company tenant and a truck parking permit, adding significant value. Low annual property taxes of $39,000 further enhance the investment potential. The current lease term is one year, commencing November 1, 2023, and expiring November 1, 2024. The permitted zoning is for trucking companies. This turnkey operation presents a rare opportunity for owner-users seeking a high-return, multi-tenant industrial investment in a prime location. The asking price is $4,400,000.

Highlights

  • Exceptional Markham, IL investment opportunity: two-story 2,400 SF office building, 6,000 SF three-bay repair shop, and 5-acre lot with 80+ parking spaces.
  • High-visibility Dixie Hwy location with 720' frontage, convenient I-294, I-80, & I-57 access.
  • Currently 100% occupied, generating $414,000 NOI ($354,000 pro-forma), 9.41% cap rate (8.05% pro-forma).
  • Completely renovated in 2016; two units, each priced at $2,200,000; asking price $4,400,000.
  • Includes a permanent trucking company tenant, truck parking permit, and low annual property taxes of $39,000; one-year lease expiring November 1, 2024; trucking-permitted zoning.

Property Details for 16400 Dixie Hwy

Property type
Other warehouses, Other office properties
Square Feet
8,400 SF
Year Renovated
2016
Buildings
1
Stories
2
Lot Size (sq. ft)
217,800 SF
Units
2

Location Insight

City
Markham
County
Cook
State
Illinois
Latitude
41.590839
Longitude
-87.666343
16400 Dixie Hwy, Markham, Illinois

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16400 Dixie Hwy
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