905 Anita Ave, Antioch, IL 60002

This exceptional investment opportunity presents a fee-simple 39,825-square-foot warehouse located at 905 Anita Avenue in Antioch, Illinois. The Class B industrial property, built in 1991, sits on a 1.84-acre lot and boasts a 20-foot ceiling height, ideal for various industrial uses. The single-tenant building features three loading docks, including two dock-high doors, providing efficient loading and unloading capabilities. With 67 parking spaces, ample room is available for employees and visitors. Currently operating at 100% occupancy under a triple-net (NNN) lease, the property generates a strong net operating income (NOI) of $169,261, representing a 7.75% capitalization rate. Pro forma NOI is projected at $173,641, resulting in a 7.95% pro forma cap rate. The property is zoned M-1, allowing for a variety of industrial uses. Its strategic location near the intersection of Illinois Route 83 and Illinois Route 173 offers convenient access to major transportation routes, placing it equidistant from both Downtown Chicago and Downtown Milwaukee. The asking price is $2,185,000, translating to $54.87 per square foot, significantly below replacement costs. This presents a compelling opportunity to acquire a high-performing industrial asset in a strong market with low vacancy rates.