16400 Dixie Hwy Markham, IL 60428
- Distribution centers
- 8,400 SF
- 5.00 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 16400 Dixie Hwy
- Lot size
- 5.00 lot acres
- Property size
- 8,400 SF
- Property type
- Distribution centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Markham
- County
- Cook
- State
- Illinois
- Longitude
- -87.666343
- Latitude
- 41.590839
