24322 143rd St Plainfield, IL 60544-5533

This fee-simple industrial property, located at 24322 West 143rd Street in Plainfield, Illinois, presents a compelling investment opportunity. The 20,000-square-foot warehouse, built in 1962 and renovated in 1991, sits on a 1.93-acre lot and is currently 60% occupied with a multi-tenant lease structure. The property boasts a Class C designation, modified lease terms, and features two loading docks, three dock-high doors, and a ceiling height ranging from 12 to 16 feet. Ample parking is provided with 20 spaces. The building is zoned I-1 and benefits from a strategic location, offering frontage along West 143rd Street (10,700 vehicles per day) and proximity to Interstate 55, providing easy access to downtown Chicago. The asking price is $1,750,000, translating to $87.50 per square foot. Currently, 8,000 square feet are available, presenting a value-add opportunity for owner-users or investors seeking to increase rental income. The property benefits from being in the high-income Will County, known for its low taxes. The existing tenant is currently paying below-market rent, creating further upside potential. The property includes three-phase power with 600 amps.