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    3323 Kennicott Ave, Arlington Heights, IL 60004

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    AI-generated overview

    This exceptional 99,365-square-foot industrial property, situated on 10 acres in Arlington Heights, Illinois (zip code 60004), presents a compelling investment opportunity. The building, constructed in 1982 and boasting a new roof with warranty, offers a versatile layout ideal for distribution, manufacturing, or warehouse operations. Features include a 24-foot clear height, 2,000 amps of 480-volt electric service, and ample loading capabilities with six interior docks and two drive-in doors. The expansive space includes 50' x 40' bays, and a sizable 15,154-square-foot mezzanine with elevator access. Office space ranges from 10,355 to 25,355 square feet, adaptable to various business needs. The property also features 38 trailer parking spaces and car parking at a ratio of one space per 1,000 square feet, with expansion potential. Currently, 30,777 square feet generate income at a modified gross lease rate of $13.50 per square foot. The building is 100% air-conditioned and benefits from energy-efficient LED lighting. Its prime location offers excellent highway access at Dundee/Route 53, providing convenient transportation links. The asking price for this fully air-conditioned industrial facility is $11,850,000. Available space ranges from 53,367 to 68,588 square feet.

    Property profile
    Verified
    Property type Warehouses
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Permitted uses
    Allowed · conditional · prohibited
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