16400 Dixie Hwy Markham, IL 60428
This exceptional Markham, IL property offers a unique investment opportunity encompassing a two-story office building (2,400 sq ft), a three-bay repair shop (6,000 sq ft), and a substantial 5-acre parking lot with 80+ spaces. Located on Dixie Hwy with 720 feet of frontage, this complex benefits from excellent visibility and convenient access to major interstates (I-294, I-80, I-57). The property is currently 100% occupied by three tenants under a net lease, generating a substantial NOI of $414,000 (pro-forma NOI $354,000), resulting in a compelling 9.41% cap rate (pro-forma 8.05%). The building, completely renovated in 2016, features two units, each priced at $2,200,000. The property boasts a permanent trucking company tenant and a truck parking permit, adding significant value. Low annual property taxes of $39,000 further enhance the investment potential. The current lease term is one year, commencing November 1, 2023, and expiring November 1, 2024. The permitted zoning is for trucking companies. This turnkey operation presents a rare opportunity for owner-users seeking a high-return, multi-tenant industrial investment in a prime location. The asking price is $4,400,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.