Property summary
This exceptional 33,800-square-foot industrial warehouse, situated on a 2.31-acre lot in Melrose Park, Illinois, presents a compelling investment opportunity. Built in 1963, the single-story masonry building boasts significant recent upgrades, including a new roof, updated HVAC system, and upgraded electrical power. Energy-efficient LED lighting is installed throughout the space. The property features one interior loading dock and three drive-in doors, providing ample access for loading and unloading. Ceiling heights range from 15'6" to 17', offering versatile storage options. A substantial 9,000 square feet of office space is included. The property also benefits from abundant parking, a newly paved back parking lot, and significant outdoor storage potential. A billboard on the property generates additional income. Conveniently located just 1.7 miles from the I-290/I-294 interchange, this property offers excellent access to major transportation arteries. The asking price for this well-maintained and upgraded warehouse is $3,042,000. This property is ideal for a variety of industrial uses and offers a strong return on investment. The property's prime location, combined with its recent improvements and income-generating billboard, makes it a highly attractive acquisition. The substantial lot size provides ample room for expansion or future development. This is a rare opportunity to acquire a well-located, upgraded industrial property in a thriving market.
Property profile
VerifiedCap rate & NOI
Current use
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Industrial Manufacturer Production Facility
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Engineer
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Charitable Organization Social Service Agency
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Theater & Performing Art Venue Music Venue
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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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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