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    Property profile & analytics
    OFF-MARKET Estimated value $1,475,000
    Warehouses

    1325 31st Ave, Melrose Park, IL 60160-2925

    1.16 ac lot Built 1984
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-2537634
    Property summary
    AI-generated overview

    This exceptional 1.47-acre industrial land parcel presents a unique sublease opportunity in the highly desirable O'Hare submarket. Ideally suited for trailer storage, this expansive lot offers approximately 50 trailer positions, providing ample space for your operational needs. The property's strategic location within the O'Hare area ensures convenient access to major transportation arteries, facilitating efficient logistics and distribution. This sublease presents a cost-effective solution for businesses seeking immediate access to a well-situated industrial site without the long-term commitment of a direct lease. Furthermore, a complementary 40,338 square foot industrial space is available for sublease at a nearby location (2680 W. Lake Street, Melrose Park), offering potential for expansion or synergistic operations. This combined offering provides a compelling opportunity to secure significant industrial space in a prime location. The property is designated as industrial land and is currently available for sublease on a single-tenant basis. Serious inquiries are encouraged to explore this exceptional opportunity to establish or expand your business in this thriving industrial hub. The property's size and location make it an attractive option for companies requiring substantial outdoor storage capacity in close proximity to O'Hare International Airport. This sublease presents a flexible and efficient solution for businesses seeking immediate occupancy.

    Property profile
    Verified
    Property type Warehouses
    Use group STORAGE YARD, OPEN STORAGE
    Year built 1984
    Lot 1.16 ac (50,530 SF)
    APN 15-04-404-055
    UPID US28-2537634
    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
    • LB TRANSPORT INC. Freight Service Logistics Company
    • Bellrose Partners LLC Parking Lot & Garage
    • VIP Charter Inc. Travel Agency Tour Operator
    • G and G Autobody and Detail Auto Repair Shop
    • J & M Truck Wash Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.51M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.48M
    Owner & transaction history
    Real Estate Ventures LLC · 4 yrs held
    Real Estate Ventures LLC
    since 2021
    Last sale
    $1.4M
    2 recorded transactions
    2021
    $1.4M
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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