Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    80 North St Park Forest, IL 60466

    For Sale
    $6,750,000

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

    Property size:
    123,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    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

    Property Features for 80 North St

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    123,600 SF
    Lot Size
    326,700 SF

    Building Details

    Year Built/Renovated
    1960/2001
    Buildings
    3
    Stories
    1

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    KRAJINA TRUCK REPAIR Truck Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.6820679
    Latitude
    41.4984223

    Nearby Comparable

    • $6,750,000
      123,600 SF

      Park Forest Warehouse/Manufacturing Opportunity

      123,000 SF warehouse/manufacturing, office and industrial business park.
      80-90 North St, Park Forest, IL 60466
      View Details
    • Contact for pricing
      12,600 SF

      Park Forest Shopping Center Investment

      12,600 SF Retail Center, 6 Units
      49-59 North St, Park Forest, IL 60466
      View Details
    • $176,800
      2.03 Acres

      Prime Park Forest Commercial Land

      2.03-Acre Industrial/Commercial Plot
      46-48 St, Chicago Heights, IL 60466
      View Details
    • $1,500,000
      12,600 SF

      Free-Standing Building with Division Potential

      12,600 SF building divisible into six units for sale.
      49-59 North St, Park Forest, IL 60466
      View Details
    • $339,000
      Pending

      Mixed-Use Property in Chicago Heights

      Mixed-use property with high traffic and ample parking.
      1645 Western Ave, Chicago Heights, IL 60411
      View Details
    • $750,000
      5,560 SF

      Olympia Fields Retail Redevelopment

      1.86-acre vacant bank, redevelopment opportunity.
      20900 Western Ave, Olympia Fields, IL 60461
      View Details

    Nearby Similar for Sale

    • $6,750,000
      123,600 SF

      Industrial and Cold Storage Warehouse

      80,116 SF industrial and cold storage warehouse for sale.
      80-90 St N, Park Forest, IL
      View Details
    • $6,750,000
      123,600 SF

      Park Forest Warehouse/Manufacturing Opportunity

      123,000 SF warehouse/manufacturing, office and industrial business park.
      80-90 North St, Park Forest, IL 60466
      View Details
    • $1,500,000
      12,600 SF

      Free-Standing Building with Division Potential

      12,600 SF building divisible into six units for sale.
      49-59 North St, Park Forest, IL 60466
      View Details
    • Contact for pricing
      12,600 SF

      Park Forest Shopping Center Investment

      12,600 SF Retail Center, 6 Units
      49-59 North St, Park Forest, IL 60466
      View Details

    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 123,600 SF, 7.5 Acres, Value-Add Opportunity
    Where is this refrigerated / cold storage located?
    The property is located at 80 North St Park Forest, IL.
    What is the asking price?
    The asking price for this property is $6,750,000.
    What are key features of this property?
    This property features: ±80,116 SF industrial and cold storage warehouse.; ±23,000 SF two-story office with executive suites.; Keystone Property Tax Code and potential incentives.
    Request Owner's contact information
    80 North St Park Forest, IL 60466
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    80 North St
    Park Forest, IL 60466
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    80 North St Park Forest, IL 60466
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.