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    OFF-MARKET
    Industrial properties

    7840 Lehigh Ave, Morton Grove, IL 60053

    120,000 SF Built 1970
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Industrial properties
    Year built 1970
    Total area 120,000 SF
    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
    Current use
    Occupant on record · Public records
    • Lichtenwald-Johnston Iron Works Factory Production Facility
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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