Property profile

6401 Oakton St Morton Grove, IL 60053

OFF-MARKET
Industrial properties
Property ID
US28-1993133
1.99 ac lot Built 1956
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 31,519-square-foot industrial warehouse in Morton Grove, Illinois, offers a unique blend of functionality and prime location. Situated on a 3.06-acre lot in Cook County, this single-tenant property boasts a desirable M-2 General Manufacturing zoning. The building, currently undergoing a complete renovation, features 12-foot clear ceiling heights, three interior depressed docks, and one 10' x 12' drive-in door. Ample parking is provided with 130 spaces, and the property even includes a Pace bus stop. Electrical service is 400 amps, 480 volts, three-phase (subject to verification). The brick building includes a wet sprinkler system. Benefit from excellent corner visibility on a main thoroughfare with a daily traffic count of 27,300 vehicles. The property's low coverage (0.25 FAR) presents potential for outside storage or expanded heavy parking. Its close proximity to I-94 and the North Shore adds significant logistical advantages. Office space is available and can be customized to suit tenant needs. Rental rate is negotiable and subject to offer. This is a rare opportunity to secure a fully renovated, strategically located industrial space with significant upside potential.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1956
Lot 1.99 ac (86,684 SF)
APN 10-30-203-005
UPID US28-1993133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6401 Oakton St Morton Grove, IL 60053-2726
Morton Grove metro Census 808301 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.63M

Owner & transaction history

since 2024
Last sale
$2.6M
3 recorded transactions
2024
$2.6M
2023
Price N/A
2003
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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