Property profile

8338 Austin Ave Morton Grove, IL 60053

OFF-MARKET
Industrial properties
Property ID
US28-4242816
5.51 ac lot Built 1994
Entity Owned 6-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company
  • Law Firm
  • Government Office
  • Business To Business Service Logistics Service
  • Distribution Center Logistics Company

Location

8338 Austin Ave Morton Grove, IL 60053-3209
Morton Grove metro Census 808301 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2019
7 recorded transactions
2019
$11.0M
2018
Price N/A
2015
$4.9M
2006
$373,000
2006
$388,500
1969
Price N/A
1969
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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