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.

Location Insight

City

Melrose Park

County

Cook

State

Illinois

Longitude

-87.8895

Latitude

41.9081