Property profile

7840 Lehigh Ave Morton Grove, IL 60053

OFF-MARKET
Industrial properties
120,000 SF 4.57 ac lot
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Property summary

AI-generated overview

This exceptional 120,000-square-foot Class A industrial facility, located at 7840 Lehigh Ave in Morton Grove, Illinois (60053), presents a unique investment or user opportunity. Situated on a 4.57-acre lot with M2-2 zoning, this single-building property underwent renovations in 2022 and boasts numerous modern features. The facility includes 11 dock-high doors, one loading dock, and a 25-foot ceiling height. Interior amenities include Class A office space with glass partitions and building-wide WiFi, employee lunch and locker rooms, and a mezzanine-level fitness center. Extensive equipment is in place, including 20+ boom cranes (1-2.5 ton capacity) and 10 overhead cranes (3-15 ton capacity). The property also features 480V electrical service, a wet sprinkler system, interior/exterior camera systems, and a MWRD-approved permeable surface. Exterior improvements include 45 trailer parking stalls and multiple interior parking stalls. The building also includes six service bays with industrial-sized vehicle lifts and a multi-level heavy-duty racking system. 80% of the roof was repaired or replaced in 2020, and LED lighting is installed throughout. Floor drains are present throughout the facility. The property's Cook County APN is 10-29-100-047; 10-29-100-048; 10-29-100-049. This property is currently vacant and available for lease under a NNN lease agreement. The strategic location offers easy access to major transportation routes, including I-94 and I-294, and proximity to O'Hare International Airport. Price is subject to offer.

Property profile

Verified
Property type Industrial properties
Total area 120,000 SF
Lot 4.57 ac (199,069 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
  • Factory Production Facility

Location

7840 Lehigh Ave Morton Grove, IL 60053
Morton Grove metro
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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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