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4533 North Ave Melrose Park, IL 60160

  • Warehouses
  • 33,800 SF
  • 2.31 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Zagone Studios LLC / Manufacturer
  • Compressor Engineering / Engineer
  • For the Love of Chocolate Foundation / Non-Profit Organization
  • Nobody Sleeps / Entertainment Agency

Property Details for 4533 North Ave

Year built
1963
Lot size
2.31 lot acres
Property size
33,800 SF
Property type
Warehouses
Property subtype
Industrial properties

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Melrose Park
County
Cook
State
Illinois
Longitude
-87.8895
Latitude
41.9081
More about this property
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