4825 Lake St Melrose Park, IL 60160
- Warehouses
- 16,600 SF
- 0.48 lot acres
Current Use by Public Records
- Fleet Master Truck & Trailer Repair / Truck Repair Shop
- Kelley's Truck Center / Auto Repair Shop
Property Details for 4825 Lake St
- Year built
- 1965
- Lot size
- 0.48 lot acres
- Property size
- 16,600 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
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
- Melrose Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8938
- Latitude
- 41.8998
