4608-4612 W 20th St - Manufacturing FOR SALE


Chicago, IL 60804
$104,000 USD
847-341-6048
4608-4612 W 20th St, Chicago, IL for Sale
$104,000 USD
Manufacturing - FOR SALE
1/1
null | Request Cap Rate

4608-4612 W 20th St
Chicago, IL 60804


HIGHLIGHTS

  • 4608-4612 W 20th Street is presented as a redevelopment asset through Cook County Land Bank Authority.
  • A few blocks from the World Distribution Group-CICERO railroad terminal and 18 miles from Chicago's O'Hare Airport.
  • This is a vacant, single-tenant industrial building spanning 12,196 square feet at the end of a 0.28-parcel.
  • Avison Young is ready to seamlessly guide a new buyer through the acquisition process with Cook County Land Bank, inquire today.

OVERVIEW

4608-4612 W 20th Street is presented for sale by the Cook County Land Bank Authority. This is not a traditional sale, as the asset is a high-vacancy property presented for redevelopment. Buyer Must: Apply on the CCLBA Website prior to touring the property (please see the link section below). Buyer will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens. Once approved to tour, bringing a contractor with is highly recommended because these properties have typically been vacant for several years and need substantial rehabilitation. The buyer will need a contractor’s estimate to bring the property to occupancy permit, a letter or email of support from the Village or City, and be able to show the CCBA funds to acquire and rehab the property. The Real Estate taxes on these properties are typically very high on a per-foot basis. The buyer will need a strategy to address this. Contact a Commercial Real Estate Tax Attorney to discuss this. Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing; buyers pay their own brokers directly. Inquire with Avison Young today. We are here to help you navigate the process and tap into this property's immense upside.

FOR SALE DETAILS

PRICE

$104,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28

LAND SF

12,389

ZONING

M-2

APN/PARCEL ID

16-22-305-035-0000,16-22-305-036-0000,16-22-305-037-0000

ASK ABOUT THIS PROPERTY

Steven KohnAvison YoungMore Info
847-341-6048

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Steven KohnAvison YoungMore Info
847-341-6048

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