Property profile

1400 98Th St Chicago, IL 60628

OFF-MARKET
Industrial properties
211,928 SF Built 1964
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Property summary

AI-generated overview

This exceptional 211,928-square-foot industrial property, located within the Calumet Business Center, presents a significant opportunity. Building 8 is a single-tenant facility situated on a substantial 112-acre lot, offering ample space for manufacturing and distribution operations. Constructed in 1964, the building boasts twelve individual structures, providing flexibility and scalability. High ceilings, ranging from 18 feet 9 inches to 28 feet, accommodate various equipment and processes. The property features 26 loading docks for efficient material handling and 572 parking spaces to support a large workforce. The robust power supply, featuring 6-400a, 277/480v, ensures sufficient capacity for demanding industrial applications. Its strategic location south of downtown Chicago provides excellent access to major transportation arteries. The site benefits from rail service and proximity to Interstates 94, 57, 80, and 90, facilitating seamless logistics and distribution. The Calumet Business Center is an established industrial complex, anchored by prominent companies such as Del Monte, Grand Warehouse, WSI, and Cargill, underscoring the area's strong industrial presence and economic vitality. This property offers a rare combination of size, location, and infrastructure, making it an ideal choice for a variety of industrial businesses.

Property profile

Verified
Property type Industrial properties
Year built 1964
Total area 211,928 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

1400 98Th St Chicago, IL 60628
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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