Office, Retail, Industrial, Vacant Land, Hospitality, Mixed Use, Multi-Family, Medical Office, Income / Business
161.58 raw acres near La Grange Rd and I80 in Cook County Orland Park. Potential is unlimited. Residential entitlements in place for 417 units. Previously under contract for $42 million. Backup package available under due diligence period. Sellers not willing to hold paper, partner or phase funding. Priced to sell now.
Well maintained building. Upscale build-out 1350 SF main office. 1350 SF 2nd floor office with separate entrance. Warehouse with 2nd floor mezzanine, 2 DIDs.
4,571 SF Retail Showroom with attached warehouse shop space on 6-acre C-4 zoned lot allowing for many retail-commercial uses. Currently occupied by established Allied Fence Co on flexible M-M lease. Retain for investment income along with modest annual income from a long term Clear Channel Billboard ground lease, provide notice and occupy with your business or redevelop the site on busy Wolf Rd.
Long Time Partnership (25 years of ownership), seeks to liquidate and sell this prime property. Attractive, well maintained multi-tenant flex industrial building containing a total of 36,400 square feet, divided into 15 units, ranging from 1,300 sq. ft. to 2,600 sq. ft. Currently and traditionally 100% OCCUPIED. 2014 Real Estate Tax Assessment has been reduced to $202,813 from the current Assessment of $263,302, which is a 23% REDUCTION. Current rents average $6.98 per sq. ft. while area rental comps indicate average of $7.50-$8.00 per square foot. This coupled with Assessment reduction should easily generate an additional $30,000-$35,000 of net annual income!!!! Call listing Broker for back up package.
100% Occupied Diverse Stable Tenant base. 17 Tenants. 7.5 Years Remaining on non-recourse financing. Interest Rate of 5.83%!!!! Principal Balance of $2,860,000. 1% Percent assumption fee. Orland Park address but in Will County. No Cook County Taxes. 2005 Precast Architectural Construction. Actual NOI is actually $311,067.
Asking price: $675,000 10,000+ SF industrial property including: Unit 1: approx. 4,000 SF leased to Fastenal Unit 2: approx. 5,500 SF, 90% office buildout; Unit will be vacant on date of sale 21 parking spaces Excellent physical condition Office buildout is high-end 6B real estate tax status renewal of 12 year property tax reduction starting in 2015 Generates income from national credit tenant (Fastenal)