23040 W Eames St - Warehouse FOR SALE


Channahon, IL 60410
$5,999,999 USD
773-983-9365
23040 W Eames St, Channahon, IL for Sale
$5,999,999 USD
Warehouse - FOR SALE
1/23
null | 4.94% Cap Rate

23040 W Eames St
Channahon, IL 60410


OVERVIEW

Hello Investors, Are you looking for a lucrative investment in the industrial real estate market? Look no further! This prime property at 23040 W Eames St, Channahon, IL 60410-3149, presents a unique and highly attractive opportunity for savvy investors. Property Highlights Strategic Location: Located near Union Pacific Rail Terminals, this property offers excellent connectivity for industrial operations. Ample Space: Spread over 6.16 acres of newly paved industrial outdoor storage, providing extensive space for various industrial needs. Investment Potential: With current tenants on short-term leases and rents below market rates, there is significant potential for value growth. High Barrier Submarket: Situated in a submarket with high entry barriers and a low vacancy rate of just 5.3%, making it a rare and valuable opportunity. Convenient Access: Easy access to the property via the nearby I-55 exit ensures seamless logistics and transportation. Why Invest? Value Growth Opportunity: Leases are currently below market rates, offering room for rental income increase. High Demand Area: With low vacancy rates in the submarket, industrial properties are in high demand. Diverse Portfolio: The mix of residential and commercial spaces enhances the property's investment appeal. Strategic Positioning: Proximity to major rail terminals and highway access makes this an ideal location for industrial operations. Additional Features Zoning: Suitable for a variety of industrial and commercial uses. Tenant Flexibility: Current tenants on short-term leases provide flexibility for new owners to negotiate higher rents. Development Potential: The newly paved storage area is primed for further development or expansion.

FOR SALE DETAILS

PRICE

$5,999,999 USD

PRICE/SF

$276 USD /SF

CAP RATE

4.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

9

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.16

LAND SF

268,330

ZONING

-

APN/PARCEL ID

06-35-300-008

ASK ABOUT THIS PROPERTY

Aurica BurdujaXhomes Realty IncMore Info
773-983-9365

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Aurica BurdujaXhomes Realty IncMore Info
773-983-9365

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