143 154Th St South Holland, IL 60473
- Industrial properties
- 1.47 lot acres
Current Use by Public Records
- Primos Quality Foods / Food Products Supplier
Property Details for 143 154Th St
- Year built
- 1969
- Lot size
- 1.47 lot acres
- Property type
- Industrial properties
- APN
- 29-16-205-121
- APU
- 2916205121
Description
This exceptional 44,000-square-foot industrial property, located at 143 W. 154th Street in South Holland, Illinois (zip code 60473), presents a unique investment opportunity. The building, constructed in 1972 and extensively renovated in 2022, boasts a substantial 21,000 square feet of cooler/freezer space, ideal for food storage or similar temperature-sensitive operations. The property sits on a 1.56-acre lot and is zoned for light industrial use, offering flexibility for various businesses. The asking price is $4,100,000, translating to a price per square foot of $93.18. The building features a 100% occupancy rate and a pro-forma cap rate of 6.40%. Three loading docks facilitate efficient loading and unloading operations, while an 18-foot ceiling height provides ample storage space. The sale includes a leaseback option for the seller, offering a potential 5-7 year lease term (specific terms available upon request). This NNN lease structure, with a single tenant, minimizes management responsibilities for the buyer. This is a turnkey operation in a prime location within Cook County, Illinois, offering a strong return on investment and a secure leaseback arrangement. The property's recent renovation ensures modern functionality and efficiency, making it an attractive proposition for discerning investors seeking a stable, high-performing asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,880,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,930,000
- 6.5%
- $2,835,000
- 7%
- $2,985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,675,000
- Geo Method
- $2,975,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,610,000
- Retail
- $3,125,000
- Mixed-Use
- $2,375,000
- Hospitality
- $2,605,000
- Educational
- $2,625,000
- Residential Income
- $2,795,000
- Energy
- $2,805,000
- Income-Based Land
- $2,945,000
- Food Service
- $2,615,000
Location Insight
- Map
- Local Demand
- City
- South Holland
- County
- Cook
- State
- Illinois
- Longitude
- -87.6219
- Latitude
- 41.615
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
