615 Chippewa Rd, Harvard, IL 60033-2373
This exceptional Harvard, IL business opportunity presents a rare find: a substantial 11,400 square foot industrial building situated on a generous 2.35-acre lot. The main building boasts a clear-span design, featuring 10,000 square feet of ground-floor industrial space (80 feet wide by 125 feet deep), ideal for various uses. Adding to its versatility, the property includes 1,400 square feet of office space on the ground floor and an additional 1,400 square feet of office space on the second floor. The building is equipped with robust infrastructure, including an 800-amp main electric service, bus ducts, and air lines, ensuring ample power and efficient climate control. Access is facilitated by one exterior dock and one drive-in door, streamlining loading and unloading operations. Benefitting from its strategic location within the Harvard-Woodstock Enterprise Zone, this property offers significant economic advantages. Furthermore, its proximity to I-90 (approximately 30 minutes away) provides excellent access to major transportation routes. The property includes additional PIN numbers: 01-34-200-020 and 01-34-200-021. This expansive property presents a unique opportunity for businesses seeking significant space and strategic location. The large lot allows for future expansion, making it an ideal investment for growth-oriented enterprises.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.