180 Shepard Ave - Warehouse FOR SALE


$2,250,000 USD
224-313-4423
180 Shepard Ave, Wheeling, IL for Sale
$2,250,000 USD
Warehouse - FOR SALE
1/21
null | 7.55% Cap Rate


HIGHLIGHTS

  • 180 Shepard Avenue is a 20,000-square-foot industrial facility within an advantageous commercial corridor in the Chicago MSA.
  • Investors will benefit from 100% occupancy by an established tenant with a 10-year absolute net lease deal with 3% annual rent increases.
  • Strategic Accessibility: Situated near Chicago Executive Airport and O’Hare International Airport, with easy access to Interstates 294, 94, and 90.
  • Superior location in Wheeling, an area that continues to boast low vacancy rates, high absorption, and a limited warehouse space inventory.
  • 1031 Exchange potential with an ideal lease structure in place for an exchange buyer.

OVERVIEW

180 Shepard Avenue offers an exceptional opportunity to own a fully leased industrial property in the bustling Chicago suburb of Wheeling. This single-tenant, 20,000-square-foot facility features a 14-foot clear height, five drive-in bays, and a 200-amp power supply. The property is occupied by an elite baseball academy that serves the Chicagoland area. An absolute net lease structure with a brand-new 10-year term is in place, and it includes 3% annual rent increases, enhancing long-term revenue growth. Strategically situated in the Chicago MSA, Wheeling is an advantageous North Cook County location benefitting from excellent infrastructure, proximity to major area highways, and a business-friendly environment. 180 Shepard Avenue offers easy access to Interstates 294, 94, and 90, ensuring efficient connectivity for all transit needs. Both Chicago Executive Airport and Chicago O'Hare International Airport are within a 25-minute drive, providing convenient travel options and streamlined freight distribution. Bordering Lake Michigan and comprising many of Chicago's most affluent ZIP codes, Northern Cook County consists of a cluster of densely packed communities with tree-lined streets and top-ranked school districts. Manufacturers and logistics companies are drawn to North Cook County in part due to its accessibility to both Interstates 294 and 94, which trifurcate the submarket. Businesses are mostly lured to this area by the population density and proximity to some of the most successful retail outlets in the Chicago area, as well as the supplemental out lots and power centers surrounding them. Broker of Record Matthew M. Fitzgerald License No. 478027547 (IL) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10-Year Absolute Net Leased Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

14.5 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3

LAND SF

56,628

ZONING

I-3

APN/PARCEL ID

03-11-305-008-0000

ASK ABOUT THIS PROPERTY

Matthew LaddMatthews Real Estate Investment ServicesMore Info
224-313-4423

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Matthew LaddMatthews Real Estate Investment ServicesMore Info
224-313-4423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.