7004 Cullom Ave Norridge, IL 60706
- Industrial properties
- 0.34 lot acres
Current Use by Public Records
- Aquatics Inc / Wholesaler / Fishing Store
Property Details for 7004 Cullom Ave
- Year built
- 2009
- Lot size
- 0.34 lot acres
- Property type
- Industrial properties
- APN
- 13-18-317-012
- APU
- 1318317012
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $130,000
- 7%
- $125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $110,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $95,000
- Retail
- $120,000
- Mixed-Use
- $115,000
- Hospitality
- $115,000
- Educational
- $100,000
- Residential Income
- $115,000
- Energy
- $100,000
- Income-Based Land
- $90,000
- Food Service
- $120,000
Location Insight
- Map
- Local Demand
- City
- Norridge
- County
- Cook
- State
- Illinois
- Longitude
- -87.8031
- Latitude
- 41.9582
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA