WAREHOUSE BUILDING IN FRANKFORT

Industrial for Sale
Catylist Listing ID: 30278135
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 14,000 SF
Gross Building Area: See Agent
Gross Land Area: 44,400 SF
Sale Price: $975,000
Unit Price: $69.64 PSF
Ceiling: 22 ft. / 20 ft. Clear
Docks/Doors: 1 Door
Drive In Bays: 4 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 9/13/2018

Overview / Comments

SOLIDLY BUILT MASONRY 2- STORY OFFICE & WAREHOUSE BUILDING IN AIRPORT INDUSTRIAL PARK. FULLY LEASED MULTI TENANT STAND ALONE BUILDING ON ONE ACRE. HAS ONE LOADING DOCK AND 4 DRIVE IN DOORS. GREAT OPPORTUNITY FOR AN INVESTOR OR OWNER USER. THERE IS 6,000 SF THAT IS ON A MONTH TO MONTH. TENANT WILL VACATE WITHIN 30 DAYS FOR AN OWNER USER.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $17,939 (Annual)
Net Operating Income $82,900 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Zoning: I-1
Highway Access: EASY ACCESS TO MAJOR HIGHWAYS
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 2011
Construction/Siding: Block, Brick
Parking Type: Surface
Total Parking Spaces: 30
Amps: 600
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Zoning Description: ZONING ALLOWS FOR DISTRIBUTION, MANUFACTURING, OFFICE AND ANY LIGHT INDUSTRIAL USE.
Lot Frontage: 150
Lot Depth: 296
Water Service: Municipal
Sewer Type: Municipal

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