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    10459 Muskegon Ave Chicago, IL 60617-5727

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    10459 Muskegon Ave Chicago, IL 60617-5727


    • Industrial properties
    • 900 SF
    • 6.44 lot acres
    Off-Market
    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.

    Value Estimations
    Cap Rate Potential
    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.


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    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
    More about this property
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