23040 Eames St Channahon, IL 60410
- Commercial real estate
- 15,432 SF
- 6.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 23040 Eames St
- Year built
- 2004
- Construction
- FRAME
- Lot size
- 6.16 lot acres
- Property size
- 15,432 SF
- Property type
- Commercial real estate
- APN
- 05-06-35-300-008
- APU
- 50635300008
Description
This exceptional investment opportunity presents a multi-tenant warehouse complex located at 23040 W Eames St, Channahon, IL 60410. The property boasts a total of 21,741 square feet across four buildings situated on a 6.16-acre lot. Built in 2004, this property offers significant upside potential with current tenants on short-term leases and rents below market rates. The property enjoys a strategic location near Union Pacific Rail Terminals, providing easy access to major transportation routes, including convenient access to I-55. The 4.94% cap rate and $296,400 pro-forma NOI demonstrate strong investment potential. The property features newly paved industrial outdoor storage, offering ample space for various industrial needs. This submarket exhibits high entry barriers and a low vacancy rate, making this a rare and valuable opportunity for investors seeking value growth. The zoning allows for a variety of industrial and commercial uses, providing flexibility for future development or expansion. The current tenant situation allows for the negotiation of higher rents, further enhancing the return on investment. This property is an ideal choice for investors seeking a high-yield, strategically located industrial asset with significant upside potential. The asking price is $5,999,999, with a price per square foot of $275.98.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,465,000
- 6.5%
- $5,185,000
- 7%
- $5,940,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,405,000
- Geo Method
- $5,350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,020,000
- Retail
- $4,610,000
- Mixed-Use
- $5,145,000
- Hospitality
- $4,755,000
- Educational
- $5,040,000
- Residential Income
- $4,595,000
- Energy
- $4,820,000
- Income-Based Land
- $5,865,000
- Food Service
- $5,975,000
Location Insight
- Map
- Local Demand
- City
- Channahon
- County
- Will
- State
- Illinois
- Longitude
- -88.1748
- Latitude
- 41.4706
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
