$1,200,000
$1,499,000
19.9%For more information regarding the value of a property, please contact us for a free consultation.
10,150 SqFt
SOLD DATE : 01/31/2024
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,150 sqft
Price per Sqft $118
MLS Listing ID 11903043
Sold Date 01/31/24
Year Built 2003
Annual Tax Amount $12,466
Tax Year 2022
Lot Size 1.000 Acres
Lot Dimensions 102X228
Property Sub-Type Industrial
Property Description
Introducing a fantastic investment opportunity in the heart of New Lenox, Illinois! Located in a highly sought-after area, this 4-unit, 10,150 square foot building is a prime choice for those looking to expand their real estate portfolio. This building checks all the boxes, it includes full tenancy, high electrical capacity, ample space, convenient accessibility, and great investment potential. Each of the four units within this industrial building is currently tenant occupied. This means immediate cash flow for the new owner, providing a reliable and consistent income stream right from the start. With 3 phase 200 amp service in each unit, this property is equipped to handle a wide range of industrial and commercial operations. This feature not only attracts a diverse range of tenants but also ensures the property's long-term value and appeal. Each unit boasts a 14-foot drive-in door and an impressive 16-foot ceiling height. This generous space is ideal for various industrial and manufacturing uses, making it versatile for potential tenants and their specific requirements. Easy access to interstates is a significant advantage for any industrial property and this location provides that. New Lenox is known for its strong economic growth and development so this property's location in a sought-after area positions it for potential appreciation in value over time, making it an excellent long-term investment opportunity. Don't miss the chance to secure this great property!
Location
State IL
County Will
Area New Lenox
Zoning INDUS
Interior
Cooling Office Only, Window Unit(s)
Flooring Concrete
Fireplace N
Exterior
Utilities Available Septic-Private, Well Private
Building
Level or Stories 1
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Bought with Neil Verhagen • Baird & Warner
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "