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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage

80 North St Park Forest, IL 60466

123,600 SF 7.5 ac lot Built 1960
Property ID
Property summary
AI-generated overview

This exceptional 123,600-square-foot industrial property, situated on a 7.5-acre lot in Park Forest, Illinois, presents a compelling redevelopment opportunity. The property, comprised of three single-story buildings, offers a unique blend of warehouse, cold storage, and office space. Built in 1960 and renovated in 2001, the property features seven loading docks, three dock-high doors, and a ceiling height of 16 feet. The M-2 zoning permits a variety of uses, including cold storage, food production, and cannabis craft growing. The asking price is $6,750,000, translating to $54.61 per square foot. Currently vacant, this property is ideal for an investor seeking a value-add project. Key features include a new fire panel, floor drains throughout, a new 2,000-amp transformer with heavy power (3-phase), and a fenced lot. The property's location offers convenient access to I-57 and 394, providing excellent transportation links. The property's address is 80 North St, Park Forest, IL 60466, and the APN is 31-25-200-009-0000

Property profile
Verified
Property type Refrigerated & Cold Storage
Year built 1960
Total area 123,600 SF
Lot 7.5 ac (326,700 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
Current use
Occupant on record · Public records
  • KRAJINA TRUCK REPAIR Auto Repair Shop
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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