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    143 154Th St South Holland, IL 60473

    Sponsored
    For Sale
    $4,100,000

    44,000 SF Refrigerated Warehouse - Sale/Leaseback

    Property size:
    44,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 44,000-square-foot industrial property, located at 143 W. 154th Street in South Holland, Illinois (zip code 60473), presents a unique investment opportunity. The building, constructed in 1972 and extensively renovated in 2022, boasts a substantial 21,000 square feet of cooler/freezer space, ideal for food storage or similar temperature-sensitive operations. The property sits on a 1.56-acre lot and is zoned for light industrial use, offering flexibility for various businesses. The asking price is $4,100,000, translating to a price per square foot of $93.18. The building features a 100% occupancy rate and a pro-forma cap rate of 6.40%. Three loading docks facilitate efficient loading and unloading operations, while an 18-foot ceiling height provides ample storage space. The sale includes a leaseback option for the seller, offering a potential 5-7 year lease term (specific terms available upon request). This NNN lease structure, with a single tenant, minimizes management responsibilities for the buyer. This is a turnkey operation in a prime location within Cook County, Illinois, offering a strong return on investment and a secure leaseback arrangement. The property's recent renovation ensures modern functionality and efficiency, making it an attractive proposition for discerning investors seeking a stable, high-performing asset.

    Property Features for 143 154Th St

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    44,000 SF
    Lot Size
    67,954 SF

    Building Details

    Year Built/Renovated
    1972/2022

    HighLights

    • 44,000 SF industrial property at 143 W. 154th St, South Holland, IL (60473).
    • $4,100,000 asking price ($93.18/SF).
    • 1.56‑acre lot, light industrial zoning.
    • 21,000 SF cooler/freezer space.
    • 100% occupancy, 6.40% pro‑forma cap rate, NNN lease with 5‑7 year leaseback option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Primos Quality Foods Food Products Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Holland
    County
    Cook
    State
    Illinois
    Longitude
    -87.621939
    Latitude
    41.6149079

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 44,000 SF Refrigerated Warehouse - Sale/Leaseback
    Where is this refrigerated / cold storage located?
    The property is located at 143 154Th St South Holland, IL.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: 44,000 SF industrial property at 143 W. 154th St, South Holland, IL (60473).; $4,100,000 asking price ($93.18/SF).; 1.56-acre lot, light industrial zoning.
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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
    143 154Th St South Holland, IL 60473
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