9865 Leland Ave Schiller Park, IL 60176
- Warehouses
- 25,800 SF
- 1.05 lot acres
Current Use by Public Records
- The Camelot Company / Customs Broker
Property Details for 9865 Leland Ave
- Lot size
- 1.05 lot acres
- Property size
- 25,800 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional net-leased industrial property, located in Schiller Park, Illinois, presents a compelling investment opportunity. The property encompasses 25,800 square feet situated on a 1.05-acre lot, and boasts 100% occupancy across four tenants. Three of these tenants have occupied the space since the 1990s, demonstrating remarkable long-term commitment and stability. The property's strategic location near O'Hare International Airport in the highly desirable O'Hare Industrial Submarket provides excellent access to major transportation routes and a robust workforce. Further enhancing its appeal, the roof was completely replaced in 2020, carrying a 20-year warranty, significantly reducing future capital expenditure concerns for the new owner. The existing leases offer a blend of short-term agreements and modified gross structures, presenting a clear path for value enhancement. A savvy investor can capitalize on this by converting leases to triple-net (NNN) structures with future tenants, should vacancies arise. The property generates a substantial net operating income (NOI) of $125,874, making it an attractive addition to any portfolio. The asking price for this exceptional investment is $1,950,000. The property consists of two addresses: 9865 Leland Ave and 4645 25th Ave, both in Schiller Park, IL 60176, within Cook County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schiller Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.873
- Latitude
- 41.9636
