Available For Sale - Industrial , Warehouse

16,240 SF | Show Pricing $

AVAILABILITY DETAILS

Size
16,240 SF
Price/SF
Show Pricing $
Listing ID
SA398244
Notes
Suggested Opening Bid: $260,000

Buyer's Premium: 6% ($40,000 minimum applies)

Cooperating Broker's Commission: 2%

Built: 1927

Lot Size: Approx. 13,888 SF

Building Size: Approx. 16,240 SF

2018 Taxes: $22,968.57

PIN #: 24-36-213-011-0000

2018 Taxes: $2,172.20

PIN #: 24-36-213-022-0000

2018 Taxes: $0

PIN #: 24-36-213-012-0000

Zoning: C1; Central Area Commercial

Traffic Count: 7,410 VPD

Electrical: 400 Amps

Heating: Forced warm air in retail; ceiling-suspended radiant space heaters in warehouse

Air Conditioning: Forced air, individual units

Number of Freight Elevators: 1

This income producing, approx. 16,240 sf mixed use building is located in a well stabilized section of Western Avenue in Blue Island, near Interstate 57, only 15 miles from downtown Chicago.

It has an approx. 1,600 sf retail storefront leased to a long term tenant (hair salon) and two leased residential units (a one bedroom unit and a two bedroom unit), all with strong rental history. It offers an approx. 12,400 sf vacant warehouse with approx.14' ceiling heights (formerly occupied by the now retired owners’ food distribution business). The warehouse has two floors (approx. 5,800 sf each) plus a full floor basement (approx. 6,500 sf) with all floors accessible via stairs and freight elevator. The second floor of the warehouse is bow trussed with recent repairs and upgrades.

The rear has a commercial drive through garage with alley access. Adjacent is a 12 space, gated parking lot. The roof was replaced in the last 9 years and all mechanicals and elevator recently maintained, including a new boiler. Sellers have retired. Title is clear. Recent inspection and appraisal available. The warehouse is vacant, clean and ready.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Diana Peterson, AW Properties Global