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Property profile & analytics
OFF-MARKET
Warehouses
1200 Ctr Ave, Chicago Heights, IL 60411-2806
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US28-5685053
Property summary
AI-generated overview
This 4,000-square-foot industrial building in Chicago Heights, Illinois, is offered at $149,900. Situated on a 0.295-acre lot, this single-tenant property boasts three dock-high doors, including one measuring 14 feet. Constructed in 1978, the building offers a blend of manufacturing and warehouse space, ideal for various industrial uses. The property's strategic location provides convenient access to major transportation arteries. It's less than one mile north of East Lincoln Highway, approximately three miles from Route 394, and under seven miles from Interstate 57. The area features a mix of industrial, manufacturing, and residential properties. The asking price translates to $49.98 per square foot, and the land value is approximately $677,374.10 per acre. This presents a compelling opportunity for investors and businesses seeking a well-located industrial space in a thriving area of Cook County, Illinois, with zip code 60411. The property is located at 1200 Center Avenue.
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1978
Lot
0.17 ac (7,606 SF)
APN
32-21-113-025
UPID
US28-5685053
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cycle World Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David J Jones · 21 yrs held
David J Jones
since 2005
Last sale
$82,500
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,468
Tax year 2022
Assessed value
$11,815
Assessed 2022
Previous assessed
$11,815
+0.0% YoY
Effective rate
63.21%
On assessed value
Assessed land
$6,655
Assessed improvement
$5,160
Land market value
$26,620
Improvement market value
$20,640
Total market value
$47,260
Applied tax rate
12,028.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Lot
0.17 ac (7,606 SF)
APN
32-21-113-025
UPID
US28-5685053
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
David J Jones
Individual
Mailing address
4440 N NEW ENGLAND AVE, HARWOOD HTS, IL 60706-4826
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2005
$75,000
David J Jones
Trust 6362
Grant Deed
$60,000 · Lasalle National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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