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    OFF-MARKET
    Industrial properties

    615 Chippewa Rd, Harvard, IL 60033-2373

    1.93 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-2077467
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 1.93 ac (84,071 SF)
    APN 01-34-200-016
    UPID US28-2077467
    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
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    615 Chippewa Property LLC · 1 yrs held
    615 Chippewa Property LLC
    since 2025
    3 recorded transactions
    2025
    $725,000
    2018
    $400,000
    2012
    $335,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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