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Property profile & analytics
OFF-MARKET
Warehouses

1500 Old Skokie Vly Rd Highland Park, IL 60035

41,204 SF
Property ID
Property summary
AI-generated overview

This exceptional value-add investment opportunity encompasses a 41,204-square-foot industrial campus situated on a 70,727.97-square-foot lot in Highland Park, IL (60035). The property consists of three single-story buildings totaling three units, currently vacant and available for occupancy November 8, 2024. The buildings, with addresses 1488, 1500, 1558, and 1564 Old Skokie Road, are zoned I (Light Industry) and offer a range of features including 9 dock-high doors, ceiling heights ranging from 14 to 30 feet, and ample parking (40 spaces). Building sizes vary, with one building constructed in 1947 (17,240 sq ft), another in 2005 (7,820 sq ft), and two buildings constructed in 1969 (3,515 sq ft and 7,190 sq ft, sharing a combined 10,500 sq ft). All buildings feature floor drains and triple catch basins. Roof ages vary, with sections replaced in 2006, 2009, and 2014. The property's prime location near Route 41 presents significant potential for various uses, including autobody repair, light manufacturing, warehousing, storage, retail, or office space. The property's existing infrastructure, including heavy power and multiple drive-in doors, makes it well-suited for a variety of businesses. APN: 16-27-112-001-0000 and 16-27-105-005-0000 & 16-27-105-006-0000. Virtual tours are available.

Property profile
Verified
Property type Warehouses
Total area 41,204 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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