7424 Lockwood Ave Chicago, IL 60638

Property Details for 7424 Lockwood Ave

Lot size

2.93 lot acres

Property size

84,461 SF

Property type

Refrigerated & Cold Storages

Property subtype

Warehouses

Description

This exceptional 84,461-square-foot industrial property in Chicago, IL, offers a unique blend of warehouse and refrigerated storage space. The building features approximately 9,000 square feet of office space and a substantial 14,880-square-foot cooler with a temperature range of 32° to 45°. Situated on a 2.93-acre lot, the property boasts 6 interior loading docks with levelers, 18-foot ceiling heights, and 80 surface parking spaces. Construction details include 6-inch reinforced concrete floors, concrete/cinder block walls, and an asphalt built-up roof. The building is equipped with a 3000-amp, 277-480-volt, 3-phase power supply from ComEd, a fully temperature-controlled HVAC system (R-448a/R-449a/E-507), and steam boiler heating. Additional features include T8 and LED lighting, floor drains, and a food-grade certification. The property is zoned L1 - Light Manufacturing and benefits from its location in Bedford Park's Enterprise Zone, making it eligible for Cook County 6b Tax Incentives. Its proximity to Midway Airport (10 minutes), I-55 and I-294 interchanges, and the CSX Intermodal (Belt Railway of Chicago) provides unparalleled logistical advantages. The 2023 property taxes were $297,226.24 ($3.53/sf). The property's former use was the production and packaging of gelatins, puddings, and flan desserts, highlighting its suitability for food production, manufacturing, and warehousing. Security features include an Imperial system, security cameras, alarms, and fobs. Water is supplied by the Village of Bedford Park, sewer by Metropolitan Water Reclamation, and gas by Nicor. Two Sullair compressed air systems are also in place. The property includes a cafeteria/breakroom. This prime location offers access to a large workforce and numerous nearby amenities.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.7547

Latitude

41.7579