1401 Illinois St San Francisco, CA 94107

Property Details for 1401 Illinois St

Year built

1947

Construction

TYPE NOT SPECIFIED

Lot size

0.62 lot acres

Zone code

M2

Property type

Industrial properties

APN

4244 -003

APU

4244003

Description

This exceptional San Francisco investment opportunity presents two parcels totaling 80,000 square feet of land, ideally situated in the burgeoning Dogpatch neighborhood at the corner of Illinois Street and 24th Street. The property comprises a vacant industrial complex with a mix of warehouse and office space, offering significant value-add potential. Parcel 1 features a 6,194 square foot warehouse building on approximately 43,500 square feet of land. Parcel 2 encompasses three warehouse buildings and associated office space, totaling approximately 30,701 square feet, situated on roughly 36,500 square feet of land. The complex boasts ample drive-in and dock-high loading doors, providing convenient access for various uses. Secured parking and yard space are also included, catering to a range of owner-users and investors. The property is zoned PDR-1-G and is offered at $38,000,000, with a land value of $475 per square foot. Its prime location, directly adjacent to the I-280 on-ramp, offers unparalleled access to major transportation arteries. The multi-tenant capability allows for flexibility in occupancy, whether by a single user or multiple tenants. This rare opportunity allows for immediate occupancy and the potential to increase rental income through renovations.