80 North StPark Forest, IL 60466

For Sale
$6,750,000

123,600 SF, 7.5 Acres, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional 123,600-square-foot industrial property, situated on a 7.5-acre lot in Park Forest, Illinois, presents a compelling redevelopment opportunity. The property, comprised of three single-story buildings, offers a unique blend of warehouse, cold storage, and office space. Built in 1960 and renovated in 2001, the property features seven loading docks, three dock-high doors, and a ceiling height of 16 feet. The M-2 zoning permits a variety of uses, including cold storage, food production, and cannabis craft growing. The asking price is $6,750,000, translating to $54.61 per square foot. Currently vacant, this property is ideal for an investor seeking a value-add project. Key features include a new fire panel, floor drains throughout, a new 2,000-amp transformer with heavy power (3-phase), and a fenced lot. The property's location offers convenient access to I-57 and 394, providing excellent transportation links. The property's address is 80 North St, Park Forest, IL 60466, and the APN is 31-25-200-009-0000

Highlights

  • ±80,116 SF industrial and cold storage warehouse.
  • ±23,000 SF two-story office with executive suites.
  • Keystone Property Tax Code and potential incentives.
  • New fire panel and floor drains throughout.
  • New 2,000-amp, 3-phase transformer with heavy power.
  • Ceiling heights ranging from 16' to 24'.

Property Details for 80 North St

Property type
Refrigeration & cold storage, Other industrial properties
Square Feet
123,600 SF
Year Built/Renovated
1960/2001
Buildings
3
Stories
1
Lot Size (sq. ft)
326,700 SF

Location Insight

City
Park Forest
County
Cook
State
Illinois
Latitude
41.4984223
Longitude
-87.6820679
80 North St, Park Forest, Illinois
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80 North St
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