8035 Austin Ave - Warehouse FOR SALE


Morton Grove, IL 60053
$2,825,000 USD
847-778-1254
8035 Austin Ave, Morton Grove, IL for Sale
$2,825,000 USD
Warehouse - FOR SALE
1/16
null | 8.97% Cap Rate

8035 Austin Ave
Morton Grove, IL 60053


HIGHLIGHTS

  • Owner-User Industrial Opportunity | Warehousing, Wholesaling, and Service businesses welcomed
  • Some Retail uses permitted that service Industrial uses | A new roof was installed in 2023
  • Stabilized income-producing property
  • Excellent accessibility to the Interstate system, Oakton Avenue, Dempster Street, Golf Road, and Waukegan Road
  • Nearby Major Roadways: I-94 via Touhy Ave & Dempster St, I-294 via Touhy Ave & Dempster St, Chicago CBD 17 mi, ORD Airport 8.5 mi & MDW Airport 24 mi
  • Shore Community Services will have invested over $1 million after their facility improvements are completed

OVERVIEW

This 35,360 SF industrial property, built in 1964, offers an attractive opportunity for investor-owners seeking a combination of operational space and passive income. With existing tenants in place, the property provides immediate rental income while allowing for flexible usage. Owner-User Space: 14,355 SF available for your business operations. Income Potential: Existing tenants ensure steady cash flow and mitigate holding costs. Zoning: M-1, suitable for light manufacturing, warehousing, and various commercial uses. Prime Location: Strategically positioned in the Chicago metro area, benefiting from excellent access to regional transportation and business networks. This property balances the advantages of a functional industrial space with the financial benefits of rental income. A rare opportunity to enhance your portfolio with a versatile asset that supports both business operations and long-term investment goals.

FOR SALE DETAILS

PRICE

$2,825,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

8.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

UTILITIES

-

CLEAR CEILING HT

17.5 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.89

LAND SF

82,328

ZONING

M-1

APN/PARCEL ID

10-20-414-035-0000

ASK ABOUT THIS PROPERTY

John Joyce, CCIM SIORSVN | Chicago IndustrialMore Info
847-778-1254

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John Joyce, CCIM SIORSVN | Chicago IndustrialMore Info
847-778-1254

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