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    FOR LEASE
    Industrial properties

    7979 W 183Rd St, Tinley Park, IL 60477

    238,068 SF 13.96 ac lot Built 2002
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-0609371
    Property summary
    AI-generated overview

    This exceptional industrial warehouse, located at 7979 183rd Street in Tinley Park, Illinois, offers an unparalleled opportunity for investors. Boasting a substantial 237,241 square feet of space, this property features a remarkable 30-foot ceiling height, providing ample room for various industrial operations. The property includes 301 parking spaces, ensuring convenient access for employees and visitors. A significant advantage is the recently installed new roof, complete with a 20-year warranty, minimizing future maintenance concerns. Further enhancing its appeal are the convenient on-site charging stations, a shipping office equipped with warehouse restrooms, and ample trailer parking. The property's strategic location offers easy access to I-80 via the full interchange at Harlem Avenue, making transportation and logistics exceptionally efficient. This prime location also benefits from low Will County taxes, contributing to a strong return on investment. Ideal for a corporate headquarters, this warehouse presents a rare combination of size, features, and location, making it a highly desirable asset in the competitive industrial real estate market. The property's 0.81% cap rate presents a compelling investment opportunity.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 2002
    Construction STEEL FRAME
    Total area 238,068 SF
    Lot 13.96 ac (608,098 SF)
    APN 19-09-01-101-007
    UPID US28-0609371
    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
    Current use
    Occupant on record · Public records
    • Ferguson Facilities Supply Big Box & Wholesale Store
    • PCS Industries Big Box & Wholesale Store Building Supply
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    County Of Will · 4 yrs held
    County Of Will
    since 2022
    Last sale
    $173,250
    7 recorded transactions
    2022
    $173,250
    2020
    2020
    2020
    $18.0M
    2018
    2016
    $18.4M
    2006
    $14.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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