3,200 SF INDUSTRIAL CONDO IN FRANKFORT

Industrial for Sale
Catylist Listing ID: 30045508
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Sale Price: $294,000
Unit Price: $91.88 PSF
Ceiling: 20 ft. / 18 ft. Clear
Docks/Doors: 1 Dock, 1 Door
Office SF: 800 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2018

Overview / Comments

GREAT INDUSTRIAL CONDO UNIT THAT WILL BECOME AVAILABLE JUNE 1, 2019. THE UNIT HAS 3,200 WITH 800 SF OFFICE, 2 BATHROOMS. ONE IN OFFICE THE OTHER IN WAREHOUSE. MEZZANINE ABOVE THE OFFICE ALLOWS FOR MORE STORAGE OR FUTURE 2ND FLOOR OFFICE. COMES WITH ONE 14 X 14 DRIVE IN DOOR AND LOADING DOCK WITH STRAIGHT ACCESS TO THE STREET. PRODUCING INCOME! THE CEILING HEIGHT IS 20 FEET AND HAS 400 AMP, 3 PHASE SERVICE. TENANT MAY CONSIDER STAYING ON LEASE OR VACATING BEYOND JUNE 2019.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $5,610 (Annual)
Gross Operating Income $27,960 (Annual)
Net Operating Income $20,750 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Zoning: I-1
Property Located Between: LAGRANGE RD. & HARLEM AVE.
Highway Access: EASY ACCESS TO MAJOR HIGHWAYS
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 8
Sprinklers: Dry
Amps: 400
X-Phase: 3
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Zoning Description: ZONED I-1 ALLOWS FOR LIGHT INDUSTRIAL, DISTRIBUTION & WAREHOUSE, STORAGE, COMMERCIAL & BUSINESS.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 735 27,259 81,132
Median Age: 45.69 40.95 39.56
Households: 266 9,023 27,549

Contact

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