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    7840 Lehigh Ave Morton Grove, IL 60053

    Sponsored
    For Lease
    $15 SF/Yr

    120,000 SF Manufacturing Facility, 4.57 Acres

    Lot size:
    120,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 120,000-square-foot industrial manufacturing facility sits on a spacious 4.57-acre lot in Morton Grove, Illinois. Built in 1970 and extensively renovated in 2022, this single-tenant property boasts a 25-foot ceiling height, perfect for various industrial uses. The building features 10 dock-high doors and 1 drive-in door, ensuring efficient loading and unloading. Power is supplied by a robust 3-480V system. The property includes approximately 7,500 square feet of Grade A rentable office space and an additional approximately 5,000 square feet of expandable office space on the mezzanine level. Its strategic location in Morton Grove offers easy access to major transportation arteries, including I-94 and I-294, and is close to O'Hare International Airport. The M2-2 zoning allows for a variety of manufacturing and industrial uses. The property's Cook County location (APN: 10-29-100-047

    Property Features for 7840 Lehigh Ave

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    120,000 SF
    Total Rate
    150000

    Building Details

    Year Built/Renovated
    1970/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    120,000 SF
    Rate per SF
    $15

    HighLights

    • ±7,500 SF of Grade A office space with full WiFi.
    • Building‑wide interior and exterior CCTV security system.
    • 5,000 SF of mezzanine office space available.
    • LED lighting throughout.
    • 3‑480V, 3‑phase electrical service with expansion potential.
    • One industrial vehicle lift.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lichtenwald-Johnston Iron Works Steel Fabricator

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morton Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.77962964756
    Latitude
    42.02406922061

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    FAQs

    What type of property is this?
    Manufacturing property - 120,000 SF Manufacturing Facility, 4.57 Acres
    Where is this manufacturing property located?
    The property is located at 7840 Lehigh Ave Morton Grove, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: ±7,500 SF of Grade A office space with full WiFi.; Building-wide interior and exterior CCTV security system.; 5,000 SF of mezzanine office space available.
    Request Owner's contact information
    7840 Lehigh Ave Morton Grove, IL 60053
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    Morton Grove, IL 60053
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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
    7840 Lehigh Ave Morton Grove, IL 60053
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