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    Property profile & analytics
    OFF-MARKET Estimated value $2,630,000
    Industrial properties

    6401 Oakton St, Morton Grove, IL 60053-2726

    1.99 ac lot Built 1956
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-1993133
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Cif 6401 Oakton LLC · 2 yrs held
    Cif 6401 Oakton LLC
    since 2024
    Last sale
    $2.6M
    3 recorded transactions
    2024
    $2.6M
    2023
    2003
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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