Property profile

1200 Ctr Ave Chicago Heights, IL 60411

OFF-MARKET
Warehouses
Property ID
US28-5685053
0.17 ac lot Built 1978
Individually Owned 21-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Auto Repair Shop Motorcycle Shop

Location

1200 Ctr Ave Chicago Heights, IL 60411-2806
Chicago Heights metro Census 829000 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2005
Last sale
$82,500
1 recorded transaction
2005
$75,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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