Property summary
This exceptional 16,600-square-foot industrial property in Melrose Park, IL, presents a compelling investment opportunity. Located at 4825 W Lake St, this vacant, Class C building boasts 345 feet of high-visibility frontage on Lake Street. The property features a two-story office space of 3,450 square feet and a 13,100-square-foot shop area, ideal for various industrial uses. The building, constructed in 1965 and extensively renovated in 2024, offers 18-foot clear ceiling heights, ten 12'x14' dock-high doors, two interior depressed truck docks and pit bays, a washing bay, and a triple basin oil separator. Additional features include two parts rooms, ample parking for semi-trucks and trailers, and a robust 3-phase, 400-amp electrical system. The 0.48-acre lot provides significant space, and the property benefits from 6B tax incentives. This owner-user opportunity is priced at $3,000,000 ($180.72/SF) and is zoned for industrial use. The property's modern renovations, prime location, and tax incentives make it an attractive investment with significant growth potential. The building sits on a 21,032 square foot lot and includes two freestanding signs.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Auto Repair Shop
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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