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Property profile & analytics
OFF-MARKET
Distribution centers

16400 Dixie Hwy Markham, IL 60428

8,400 SF 5 ac lot
Property ID
US28-5074826
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Distribution centers
Total area 8,400 SF
Lot 5 ac (217,800 SF)
UPID US28-5074826
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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