814 S Westwood Ave Addison, IL 60101
- Industrial properties
- 9,166 SF
- 0.68 lot acres
Current Use by Public Records
- Illinois Repossession Agency / Business Related
- Advanced Sign and Lighting / Sign Shop / Crane Rental Agency
Property Details for 814 S Westwood Ave
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.68 lot acres
- Property size
- 9,166 SF
- Zone code
- I
- Property type
- Industrial properties
- APN
- 03-32-402-004
- APU
- 332402004
Description
This exceptional 10,000-square-foot freestanding building is ideally situated in Addison, Illinois, at 814 S Westwood Avenue. Boasting a prime location with easy access to major highways including North Avenue, I-355, and Route 83, this property presents a rare opportunity in a market with limited comparable buildings for sale. The structure is constructed of durable brick and block, featuring high ceilings exceeding 15 feet, providing ample vertical space for various uses. A significant portion of the building, approximately 2,500 square feet, is dedicated to office space, offering a comfortable and functional workspace. The building is equipped with a fire sprinkler system for enhanced safety and features a newer roof, minimizing maintenance concerns. Exterior improvements include a partially fenced storage yard, providing secure outdoor space for equipment or materials. Two overhead doors facilitate efficient loading and unloading, enhancing operational convenience. The property sits on a 0.69-acre lot. The sale is conducted "as-is." This property is perfect for a variety of industrial or commercial uses and represents a strong investment opportunity in a highly desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $390,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $660,000
- 6.5%
- $605,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $472,000
Market price range: $236k - $580k
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Location Insight
- Map
- Local Demand
- City
- Addison
- County
- Dupage
- State
- Illinois
- Longitude
- -87.9989
- Latitude
- 41.9122
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA