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Property profile

326-414 State St Calumet City, IL 60409

OFF-MARKET
Warehouses
14,687 SF 1.1 ac lot

Property summary

AI-generated overview

This exceptional Calumet City, IL property offers a unique investment opportunity encompassing two buildings totaling 14,687 to 40,368 square feet of versatile space. The property is zoned for both executive office and warehouse uses, making it ideal for a variety of businesses. Situated on 1.1 to 3.5 acres of land, the site boasts ample parking with 125 spaces, five loading docks, and four dock-high doors, ensuring efficient logistics. The warehouse features impressive clear heights of approximately 16 feet (plus a 5-foot interstitial ceiling), ranging from 17 to 21 feet in height. A state-of-the-art rack refrigeration system (R-507 direct expansion) is in place. The city of Calumet City is actively facilitating expansion by vacating Wentworth Avenue, presenting significant future development potential. The property is currently vacant and available for sale under a NNN lease structure. Land value ranges from $65 to $104.04 per square foot. This is a rare opportunity to acquire a well-located, functional, and expandable industrial campus in a growing area. The property's combination of office and warehouse space, along with its excellent infrastructure, makes it an attractive investment for businesses seeking a strategic location in Cook County, Illinois. The address is 326-414 E State St, Calumet City, IL 60409.

Property profile

Verified
Property type Warehouses
Total area 14,687 SF
Lot 1.1 ac (47,916 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

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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