8120 Lehigh Ave - Industrial LAND FOR SALE


Morton Grove, IL 60053 474,368 SF
$12,000,000 USD
773-736-6461
8120 Lehigh Ave, Morton Grove, IL for Sale
$12,000,000 USD
Industrial LAND - FOR SALE
1/5
474,368 SF

8120 Lehigh Ave
Morton Grove, IL 60053


HIGHLIGHTS

  • Ideal industrial development opportunity

OVERVIEW

North Grove Corporate Park is presently a two-building office/warehouse campus being proposed for redevelopment. The properties are off Lehigh Avenue just north of Oakton Street comprising two single-story buildings including truck docks and drive-in door access. A five-minute drive from I-94 (Edens Expressway) and steps away from the Morton Grove Metra Train Station (Milwaukee District North Line), the easily accessible location makes the property an ideal development opportunity at 10.89 acres. Existing building is ADA compliant and has a building sprinkler system. The 5-mile radius has a population of 480,310 with 179,110 households and an average household income of $114,799. The population is growing steadily as migration out of Chicago continues north with the attraction of top-tier schools (top 3% in the country), great public transportation, low crime and affordable housing. Living in Morton Grove offers residents a dense suburban feel surrounded by many restaurants, coffee shops and parks. The Property is commuter friendly as it’s situated within 1/3 miles from the Morton Grove Orange Line Metra Station, and less than 0.7 miles from I-94. The Village is committed to revitalization and village-wide economic development. A new 89-unit townhouse project is underway one block north by Lexington Homes.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/ACRE

$1,101,929/AC

PRICE/SF

$25 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

10.89 Acre Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Commercial, Industrial, Multi-Family, Apartment Units, Hold for Development, Industrial Park, Medical, Self-Storage

LAND ACRES

10.89 AC

LAND SF

474,368 SF

OFFSITE IMPROVEMENTS

-

ZONING

M2

APN/PARCEL ID

10-20-303-001-0000,10-20-303-002-0000

ASK ABOUT THIS PROPERTY

Theron MayImperial Realty CompanyMore Info
773-736-6461

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Theron MayImperial Realty CompanyMore Info
773-736-6461

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