1754 Joe Orr Rd Lynwood, IL 60411

Property Details for 1754 Joe Orr Rd

Year built

2023

Lot size

46.81 lot acres

Property size

12,300 SF

Property type

Distribution centers

Description

This exceptional 46.81-acre industrial property in Ford Heights, Illinois, presents a unique redevelopment opportunity. Located just 30 minutes south of downtown Chicago and conveniently near I-80, this site boasts a 12,300 square foot warehouse built in 2023, along with four additional buildings totaling 4,000 square feet. The property is zoned M-2, allowing for a variety of uses including truck terminals, warehouses, truck repair facilities, and retail-commercial sales. New Tax Increment Financing (TIF) and Class 8 incentives are available, making this an attractive investment. The existing 12,300 square foot warehouse features a 16-foot ceiling height. The property also includes a large gravel yard, three curb cuts, three-phase electric, gas, and two wells with septic. The asking price is $3,900,000, with a land value of $2.45 per square foot. The current use is retail sales of flowers and vegetables, with greenhouses negotiable. The sale is contingent upon the seller securing a new location. A seller leaseback is open for discussion through June 2025 on approximately 8 acres. This property offers excellent access to major expressways and is situated in a rapidly developing industrial area. The property's dimensions are approximately 781 feet by 2,609 feet. Real estate taxes are $46,745.00 annually. The property is held in trust and is available for owner/user investment, specifically suited for redevelopment or truck-related businesses. The occupancy date is December 13, 2024.