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    OFF-MARKET
    Industrial properties

    8338 Austin Ave, Morton Grove, IL 60053-3209

    5.51 ac lot Built 1994
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US28-4242816
    Property summary
    AI-generated overview

    This exceptional Morton Grove, Illinois property at 8338 Austin Ave offers a unique blend of executive office, flex, and warehouse space, ideal for a variety of businesses. The building totals 47,355 square feet, with the entire space currently available for lease. The minimum leasable area is 10,000 square feet, allowing for flexibility to accommodate businesses of varying sizes. The property boasts a generous 14-foot ceiling height, providing ample vertical space for storage or specialized equipment. Logistics are streamlined with four loading docks and one drive-in door, ensuring efficient loading and unloading operations. Ample parking is available with 71 spaces provided for employees and clients. The property is zoned M-2, suitable for a range of industrial and commercial uses. Located in Cook County, Illinois, with a Morton Grove address and zip code 60053, this property offers convenient access to major transportation routes. The entire 47,355 square feet is vacant and ready for immediate occupancy. This is a rare opportunity to secure a large, versatile space in a prime location. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1994
    Lot 5.51 ac (240,016 SF)
    APN 10-20-301-024
    UPID US28-4242816
    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
    • Keenpac Distribution Center Logistics Company
    • Tyree & Clouse Law Group Auto Accident Lawyers Law Firm
    • SPC Purchasing Government Office
    • Integrated Merchandising Solutions (IMS) Logistics Service Marketing Agency
    • Bunzl Retail Services Distribution Center Logistics Company
    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
    Legacy Swb LLC · 6 yrs held
    Legacy Swb LLC
    since 2019
    7 recorded transactions
    2019
    $11.0M
    2018
    2015
    $4.9M
    2006
    $373,000
    2006
    $388,500
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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