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28956478
28956479

16500 Vincennes Ave, South Holland, IL 60473 For Sale

JD
TX TX 677506
CBRE Dallas
TS
TX 841468
Listed by CBRE Dallas
$6,950,000
213 days on market
Updated 65 days ago
Opportunity zone

16500 Vincennes Ave

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 100,837
Tenancy Multi
Price per SqFt $69
Year Built 1999
Year Renovated 2018
Buildings 4
Acreage 5.540
Ceiling Height 21'6"
Loading Docks 2
Dock High Doors 12

Industrial | 100,837 SqFt

Marketing description

This property delivers an efficient layout designed for high volume logistics and streamlined distribution operations. With direct transportation access, below market-rate leases, and pricing below replacement cost at $78/SF. It offers immediate value and long-term stability, which is a rare opportunity to secure a top-tier facility at an attractive entry point. Strategic Hub for High-Volume Distribution – With just over 100,000 square feet of industrial space on a 5.54-acre lot, the property offers ample room for high-volume storage and efficient logistics operations. Its industrial zoning supports warehousing and freight activities, while the site’s proximity to major transportation corridors, including I-94 and I-80, ensures quick access to regional and national markets. The expansive layout allows for flexible racking systems, loading docks, and advanced inventory management technology, making it perfectly suited for businesses seeking to optimize supply chain performance and reduce delivery times.

With just over 100,000 square feet of industrial space on a 5.54-acre lot, the property offers ample room for high-volume storage and efficient logistics operations. Its industrial zoning supports warehousing and freight activities, while the site’s proximity to major transportation corridors, including I-94 and I-80, ensures quick access to regional and national markets. The expansive layout allows for flexible racking systems, loading docks, and advanced inventory management technology, making it perfectly suited for businesses seeking to optimize supply chain performance and reduce delivery times.

The Class 6b program that is currently in place offers substantial property tax savings for industrial projects involving new construction, major rehabilitation, or re-occupancy of abandoned sites. Approved properties enjoy a reduced assessment rate—10% for 10 years, then 15% and 20%—compared to the standard 25%, delivering long-term financial benefits. Renewable and supported by programs like SER and CEERM, Class 6B targets high-vacancy areas, older buildings, and projects that create or retain jobs, making it a powerful tool for growth and economic recovery.

Listing Contacts

JD
TX TX 677506
CBRE Dallas
TS
TX 841468
Listed by CBRE Dallas

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Additional Information

Name
Larry Goldwasser
License
478003670
Brokerage
CBRE
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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