Active · For Sale · Industrial

Undisclosed, Morton Grove, IL 60053

MLS #12749562

Undisclosed, Morton Grove, IL 60053
Undisclosed, Morton Grove, IL 60053CRER
Undisclosed, Morton Grove, IL 60053

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Undisclosed, Morton Grove, IL 60053

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The property

Executive summary

For the first time available in approximately 50 years, is this brick industrial warehouse. It offers an exceptional opportunity in the thriving Chicago suburb of Morton Grove. Currently being utilized for manufacturing wood tables and furniture, the property spans approximately 41,000 square feet of warehouse space on a 71,000 square foot lot. The massive size and footprint of this property makes it an ideal choice for a wide range of different businesses. The facility has two very deep drive in docks with massive 14-foot dock doors and ample electrical capacity that ensures the facility is ready to support manufacturing, distribution, storage, or office use. The property boasts over 200 feet of frontage on the high-traffic, highly desirable Oakton Street offering outstanding visibility in a vibrant community. The front of the building is thoughtfully designed with a reception area, multiple offices, lunchroom, conference room and an executive office that is complete with sitting area and fireplace. The building has four bathrooms and offers at least 25 parking spaces accommodating employees and visitors. This property combines location, versatility and functionality in a…

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Property Intelligence

Financial Snapshot

Reported Annual Income
$300,000
Reported Annual Expenses
$171,560
Estimated NOI
$128,440
Estimated Cap Rate
4.35%
Estimated GRM
9.83
Annual Taxes
$171,560 (2023)

Property Details

Building Size
41,000 SF
Lot Size
70,512 SF
Lot Dimensions
70512
Stories
1
Year Built
1960
Building Age
Older
Zoning
MANUF
Parcel Number
10203020310000

Operations & Utilities

Heating
Ceiling Units
Cooling
Office Only
Electric
Circuit Breakers

Location & Use

County
Cook
Market Area
Morton Grove

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.