10459 Muskegon Ave Chicago, IL 60617-5727
Property profile & analytics
10459 Muskegon Ave Chicago, IL 60617-5727
- Industrial properties
- 900 SF
- 6.44 lot acres
Property ID
US28-0992043
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Arro Corporation / Food Processing Plant / Factory
- Applied Protein Systems / Chemical Plant / Factory
Property Details for 10459 Muskegon Ave
- Year built
- 1961
- Lot size
- 6.44 lot acres
- Property size
- 900 SF
- Property type
- Industrial properties
- APN
- 26-07-314-008
- APU
- 2607314008
Description
This exceptional investment opportunity presents a portfolio of two strategically located Chicago-area warehouses totaling 330,773 square feet on 23.95 acres. The properties are situated in Cook County, Illinois, with addresses at 10459 S Muskegon Ave, Chicago, IL 60617 and 7440 Santa Fe Dr, Hodgkins, IL 60525. The portfolio benefits from an absolute triple-net (NNN) master lease with six years remaining, providing exceptional stability and predictable cash flow. The tenant, a highly reputable private label manufacturer with over 110 years of experience in the food industry, produces a diverse range of products, ensuring strong financial backing. The lease includes rent bumps, with annual increases representing the lesser of 1.50% or 1.25 times the CPI. Four, five-year lease options further enhance the long-term value and security of this investment. The portfolio boasts a 7.00% cap rate and a net operating income (NOI) of $1,783,688, with an asking price of $25,481,257 ($77.04 per square foot). The properties are ideally positioned near both O'Hare and Midway International Airports, offering convenient access to major transportation networks, including rail lines and the Port of Chicago, serving customers across the Midwest. This portfolio represents a compelling investment opportunity for discerning buyers seeking a stable, high-yield asset in a prime location. The 100% occupancy rate further solidifies the investment's strength and potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5522
- Latitude
- 41.7052
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,460
$63,071
$26,413
$89,484
-
$252,284
$105,652
$357,936
