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12470957
12470947

1033 Noel Ave, Wheeling, IL 60090

BK
IL 475075614
Premier Commercial Realty
KK
IL 475168120, IL 471006976
Entre Commercial Realty LLC
Listed by Premier Commercial Realty, Entre Commercial Realty LLC
$5,325,000
1005 days on market
Updated 83 days ago

1033 S Noel Ave. Wheeling

Details
APN 03-14-103-011
Property Type Industrial
Sub Type Warehouse
Square Footage 96,959
Units 6
Tenancy Multi
Lease Type NNN
Price per SqFt $55
Broker Co-Op Yes
Year Built 1962,1969
Zoning I2
Ceiling Height 14'3"
Loading Docks 5
Dock High Doors 1

Multi-tenant industrial building with outside parking

Marketing description

Entre Commercial Realty and Premier Commercial Realty are pleased to jointly offer this industrial building for sale in Wheeling, Illinois.

The masonry building built in 1962 and 1969 totals 96,959 square feet(SF) of mostly warehouse type industrial space with the front office portion along Noel Avenue totaling 6,500 SF and the Northeast 2 story office portion adding 3,424 of additional office space. The roof and parking lot have been replaced within the last 2 years and the building is in good condition.

The building is zoned I-2 and has heavy power, 14’ ceilings, 5 truck docks, 1 drive in door, floor drains, and can accommodate outside parking on the 5.12 acre lot.

The warehouse portions of the building are broken up into 6 distinct sections that are internally connected by roll-up doors. Ideal for large single user or multi-tenant users. The current divisions are as follows:

  • Unit 1 35,708 SF Warehouse

  • Unit 2 18,000 SF Warehouse

  • Unit 3 13,920 SF Warehouse

  • 6,500 SF Front Office (divisible)

• Unit 4 6,204 SF Warehouse
w/ 1,711 SF Office and 2nd Floor Office

• Unit 5 3,900 SF Warehouse • Unit 6 8,850 SF Warehouse

The building is currently occupied by Precision Paper Tube Company, which would stay on as a tenant and lease back about 1⁄2 of the building, or vacate entirely, depending on which option is better for the buyer.

A new buyer could potentially take advantage of the 6B program to help alleviate the real estate tax burden.

Listing Contacts

BK
IL 475075614
Premier Commercial Realty
KK
IL 475168120, IL 471006976
Entre Commercial Realty LLC
Listed by Premier Commercial Realty, Entre Commercial Realty LLC

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