1930 George St Melrose Park, IL 60160
- Industrial properties
- 5.97 lot acres
Current Use by Public Records
- Home Juice Corporation / Exporter
- Alexander Realty LLC / Real Estate Agency / Commercial Real Estate Agency
- Dexters Handyman Service & Remodeling / Handyman/Handywoman/Handyperson
- VV Logistics Solutions Inc. / Trucking Company / Logistics Service
- Collins Salon & Barber Equipment - Veeco Design Showroom / Furniture Manufacturer
Property Details for 1930 George St
- Year built
- 1976
- Lot size
- 5.97 lot acres
- Property type
- Industrial properties
- APN
- 12-34-404-038
- APU
- 1234404038
Description
This exceptional industrial property, located at 1930 S. George St in Melrose Park, IL 60160, offers 8,500 square feet of immediately available warehouse space. Situated on a 5.97-acre lot, this single-story building, constructed in 1963 and renovated in 1877, boasts a total of 183,027 square feet. The available space is fully air-conditioned and features heavy power, along with an air compressor and airline access. The building includes 16 loading docks and 16 dock-high doors, complemented by 4 drive-in doors. Ceiling heights range from 21 to 28 feet, providing ample vertical space for storage and operations. The property is zoned for industrial use and is currently configured as a multi-tenant building with one suite available. This presents a unique opportunity for businesses seeking a well-maintained warehouse space in a prime industrial location. The minimum divisible space is 8,500 square feet, and the maximum contiguous space available is also 8,500 square feet. The property's convenient location in Melrose Park, Illinois offers easy access to major transportation routes, making it an ideal choice for distribution and manufacturing operations. With its impressive features and strategic location, this property represents a compelling investment opportunity. Contact us today to schedule a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,085,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,115,000
- 6.5%
- $6,150,000
- 7%
- $6,900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,330,000
- Geo Method
- $6,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,970,000
- Retail
- $6,530,000
- Mixed-Use
- $6,595,000
- Hospitality
- $5,860,000
- Educational
- $6,485,000
- Residential Income
- $7,295,000
- Energy
- $6,105,000
- Income-Based Land
- $6,715,000
- Food Service
- $6,300,000
Location Insight
- Map
- Local Demand
- City
- Melrose Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8505
- Latitude
- 41.9099
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
