23934 State Route 53 - Freestanding FOR SALE


Elwood, IL 60421
$700,000 USD
815-727-2157
23934 State Route 53, Elwood, IL for Sale
$700,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

23934 State Route 53
Elwood, IL 60421


HIGHLIGHTS

  • Heavy traffic area near large warehouse spaces Centerpoint , Northpoint and across from the RT66Raceway and Chicagoland Speedway

OVERVIEW

The property is at the corner of Route 53-- Old Route 66 Also known as-State Route 53 and Millsdale Rd.Elwood,IL. 60421 in Unincorporated Will County.IL and it has an Elwood mailing address . Located on Route 53 just 4 miles South of Interstate 80 and 1 miles South of the Route 66 Raceway and the Chicagoland Speedway. This is a very high traffic area with industrial and warehousing all around it and close to Union Pacific Centerpoint property which is 2 miles west and the Elwood BNSF Centerpoint 5 miles southwest and Northpoint's new development Third Coast Intermodle is 3/4 mile south. It is zoned I 1 Industrial 1- light industry in Will County, IL. Over 9000 square ft of floor space in buildings with 16 garage doors on ground level and one on the second floor of the two story building for shops or storage spaces. There is 220V electric in all but the two car garages, There is 1 million square foot warehouse rented by Target across the street, and a mile from the new Harbor Freight 1.2 million square foot and near the Dollar Tree, Amazon, Home Depot, M&M Mars Ikea warehouses and the Centerpoint Intermodel is just west and new Northpoint Warehouses are 3/4 of a mile south. This is the only retail corner in the area and is.Zoned I- 1 Huge warehouses expanding all around, for large firms like Amazon ,IKEA ,Dollar Tree and Home Depot and Target that supporting firms will need office space and use for this type of building. Close proximity to both Elwood and Joliet Intermodal rail yards and the Elwood Inland Port. This building is 40% occupied, bringing in about $2,000 a month in rent. Sale Price Negotiable

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Manufacturing, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

CROSS STREETS

Millsdale Rd

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

I-1

APN/PARCEL ID

11-09-200-003

ASK ABOUT THIS PROPERTY

Lee EckerLee EckerMore Info
815-727-2157

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Lee EckerLee EckerMore Info
815-727-2157

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