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4533 North Ave Melrose Park, IL 60160

OFF-MARKET Warehouses Google Maps
33,800 SF 2.31 ac lot Built 1963
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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

Verified
Property type Warehouses
Year built 1963
Total area 33,800 SF
Lot 2.31 ac (100,624 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Engineer
  • Charitable Organization Social Service Agency
  • Theater & Performing Art Venue Music Venue

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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