3011 End Ave Chicago Heights, IL 60411-5939
- Industrial properties
- 3,024 SF
- 0.91 lot acres
Current Use by Public Records
- DLM School Bus / Bus Charter
- M&J asphalt / Corporate Office
Property Details for 3011 End Ave
- Year built
- 1968
- Lot size
- 0.91 lot acres
- Property size
- 3,024 SF
- Property type
- Industrial properties
- APN
- 32-33-100-019
- APU
- 3233100019
Description
This exceptional 5,000-square-foot warehouse property in South Chicago Heights, Illinois, presents a compelling investment opportunity. Situated on a 0.92-acre lot in Cook County, this single-tenant industrial space offers immediate occupancy. The building is constructed of brick and features a 12' x 14' drive-in door (DID). A significant advantage is the potential for Class 8 Tax Incentives, offering substantial financial benefits to the owner. The property includes a 2,500-square-foot rear building, providing flexibility. This secondary structure can be renovated for additional usable space or demolished to create expanded outdoor storage area, catering to a variety of operational needs. The property's location in South Chicago Heights, with its zip code 60411, provides convenient access to major transportation routes and logistical networks. This warehouse is ready for immediate use and presents a rare opportunity to acquire a well-located, functional industrial space with significant upside potential. The property's size and features make it suitable for a range of businesses seeking efficient and adaptable warehouse space in a strategic location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $200,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $220,000
- Mixed-Use
- $205,000
- Hospitality
- $195,000
- Educational
- $170,000
- Residential Income
- $220,000
- Energy
- $220,000
- Income-Based Land
- $170,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Chicago Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.6334
- Latitude
- 41.4838
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
