1033 Noel Ave Wheeling, IL 60090

5.12 ac lot Built 1965

Individually Owned Free & Clear

Property ID

US28-1110364

$5,325,000

1033 Noel Ave, Wheeling, IL 60090
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This exceptional 96,959 square foot industrial building in Wheeling, Illinois, presents a compelling investment opportunity. Constructed in 1962 and 1969, this masonry structure offers a blend of warehouse and office space. The property boasts 6,500 square feet of front office space along Noel Avenue, complemented by an additional 3,424 square feet of two-story office space in the northeast section. The warehouse space, totaling approximately 80,459 square feet, is divided into six distinct, internally connected units ranging from 3,900 to 35,708 square feet, each accessible via roll-up doors. Key features include 14-foot ceilings, five truck docks, one drive-in door, and floor drains. The 5.12-acre lot provides ample outside parking. Recent improvements include a new roof and parking lot (within the last two years). The building is zoned I-2 and benefits from heavy power. Currently occupied by Precision Paper Tube Company, the property offers flexibility. The existing tenant may lease back approximately half the building or vacate entirely, depending on the buyer's preference. The property's I-2 zoning and size make it suitable for a variety of industrial uses. Potential buyers may also explore the 6B program to potentially reduce real estate tax burdens. This property represents a significant opportunity for investors seeking a substantial industrial asset in a prime Wheeling location.