Industrial Building on Genoa Avenue in Chicago

Industrial for Sale
Catylist Listing ID: 30263540
Property Subtypes: Flex Space, Light Industrial, Other
Building Size (RSF): 5,474 SF
Gross Building Area: See Agent
Sale Price: $265,000
Unit Price: $48.41 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 4/10/2018

Overview / Comments

Minimum Bid: $265,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Lot Size: Approx. 25,674 SF

Building Size: Approx. 5,474 SF

Warehouse Ceiling Height: 16'

2016 Taxes: $13,892

PIN #: 25-08-202-013

Zoning: M1-1; Limited Manufacturing/Business Park District

This one and part two story building is situated on a corner lot with good visibility from both Genoa Street and 96th Street. The building has approximately 5,474 sf with a partial basement set on an approximately 25,674 sf lot. The paved parking lot has a security fence and enough room for approximately 37 cars.

Building Room Features:

Black Security Fence With Two Double Gates
Front Reception Area
Front Office
Front Half Bathroom
Large Bay Area 1 with Overhead door
Large Bay Area 2 with Overhead door
Large Bay Area 3 with Overhead door
Lower Mechanical Room
Lower Storage Room
Middle Room Conference
Upper Reception Area
Upper Reception Office
Upper Full Bathroom
Upper Large Custom Cubical Areas (10+ Desks)
Upper Private Office 1
Upper Private Office 2
Upgrades and Renovation:

Newer Parking Lot (repaired and refinished in 2014)
Newer Roof (installed in 2015)
Newer A/C for Larger Upper Office Area (Installed in 2017)
Furnace Repairs and Installation (2015 and 2017)
Newer Plumbing (installed in 2016)
Electrical and Internet Upgrades (2015)
Front Reception Added (2015)
Front Bathroom Remodeled (2015)
Front Large Bay Areas Remodeled (2015)
Interior Window Wrought Iron Security Installed (2015)
Conference Room Remodeled (2015)
Upstairs Custom Cubical built and installed (2015)
Upstairs Reception Waiting and Reception Area Remodeled (2015)
Upstairs Full Bathroom Remodeled (2015 / 2016)
Upstairs 2 Private Offices Remodeled (2015)
Advanced Security System Installed (2015)
Location Features:

Brand new carwash just opened two doors down
Located next to the Chicago water department
Location across the street from a community pool
Quiet neighborhood and well maintained
Quick access to the I-94 and I-57 expressways
Quick access to downtown Chicago

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Zoning: M1-1; LIMITED MANUFACTURING/BUSINESS PARK DISTRICT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 37,934 302,302 765,160
Median Age: 40.58 38.48 35.62
Households: 13,544 110,028 270,007

Contact

Photograph of Listing Agent

Diana Peterson

SVN AuctionWorks
ICEx Member
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