6401 Oakton St, Morton Grove, IL 60053-2726
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.
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
Similar Nearby for Lease
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.