Property summary
This exceptional investment opportunity presents a two-building industrial portfolio ideally situated on nearly two acres in Lake Bluff, Illinois. The property boasts a combined 20,855 square feet of space, strategically located at the intersection of IL Route 41 and IL Route 176 in desirable Lake County. Both buildings offer significant advantages for investors. The warehouse areas are fully heated, providing year-round operational efficiency. High ceilings, reaching 18 feet in most areas, maximize storage and operational flexibility. Currently fully leased, the property generates a net annual income of $120,000. However, there's substantial potential for increased revenue through market-rate rent adjustments. The property's prime location and strong existing income stream make it an attractive investment prospect with significant upside potential. The two buildings offer a combined 20,855 square feet on a 2-acre lot, providing ample space for various industrial uses. This is a rare opportunity to acquire a well-located, income-producing industrial property in a thriving market. The address is 97 & 104 Skokie Valley Rd, Lake Bluff, IL 60044. The asking price is $1,800,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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