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7004 Cullom Ave Norridge, IL 60706-7108

OFF-MARKET Industrial properties Google Maps
0.34 ac lot Built 2009
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$135k
Range $122k – $149k (±10%)
Property ID US28-3436880

Property summary

AI-generated overview

This expansive 14,169 square foot building in Norridge, Illinois, presents a unique opportunity for both owner-users and investors. The property features a substantial warehouse space with skylights, offering ample natural light. A significant portion of the building, approximately 1,450 square feet, is dedicated to office space, providing a functional area for administrative needs. Adding to its versatility, a three-bedroom apartment occupies the second floor, complete with a private entrance, central air conditioning and heating, two bathrooms, and a convenient laundry room. Further enhancing the property's utility is an additional 1,220 square foot storage/office area located on the second floor in the rear of the building. The building's history includes use as a former aquatics center, hinting at the potential for adaptive reuse. A small detached structure (DID) is also situated at the rear of the property. The property is zoned M1, offering flexibility for various commercial uses. While the building requires some renovations, the asking price of $660,000 reflects this need, making it an attractive proposition for those seeking a value-add investment or a substantial space to operate their own business. The property is located at 7004 W Cullom Avenue, Norridge, IL. Boiler heat is currently in place.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2009
Lot 0.34 ac (14,646 SF)
APN 13-18-317-012
UPID US28-3436880

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2021
Last sale
$150,000
2 recorded transactions
2021
$150,000
2004
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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