Current Use by Public Records
- Industrial properties
Property Details for 310 Melvin Dr
- Year built
- 1972
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional investment opportunity presents a portfolio of four single-story industrial flex buildings totaling 41,606 square feet situated on Melvin Drive in Northbrook, Illinois. Built in 1972, the property boasts 22 individual flex units, offering a diverse range of spaces for various business needs. The buildings feature a desirable 11-12 foot ceiling height, providing ample vertical space for storage and operations. Currently enjoying 98% occupancy, this property offers a strong, stable income stream. The asking price is $4,100,000, translating to $98.54 per square foot and $186,364 per unit. In addition to the flex units, the property includes a 3,072 square foot storage garage equipped with eight overhead doors, further enhancing its versatility and appeal. Located in Cook County, Illinois, with a zip code of 60062, this property benefits from a prime location in Northbrook. This is an ideal investment for those seeking a well-maintained, high-occupancy industrial flex portfolio with significant potential for future growth and returns. The property's strong occupancy rate and desirable location make it a compelling investment opportunity in the thriving Northbrook market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northbrook
- County
- Cook
- State
- Illinois
- Longitude
- -87.8508
- Latitude
- 42.1474
