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29846469
29846470

138 Pierce St, Aurora, IL 60505 For Sale

ZO
IL 475.198922
Marcus & Millichap - Chicago Downtown
TS
IL IL 177869
Marcus & Millichap - Chicago Downtown
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Chicago Downtown, Marcus & Millichap - Dallas
$2,250,000
151 days on market
Updated 21 days ago

138 Pierce Street

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 61,951
Net Rentable (SqFt) 61,951
Units 2
Tenancy Vacant
Pro-Forma Cap Rate 10.33%
Pro-Forma NOI $232,316
Price per SqFt $36
Class C
Year Built 1943
Buildings 2
Acreage 3.590
Zoning M-2
Ceiling Height 16'-30'
Loading Docks 7
Dock High Doors 2

Industrial | 61,951 SqFt

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 138 Pierce Street in Aurora, Illinois. The subject property consists of approximately 61,951 square feet of manufacturing space and is situated on 3.59 acres of land. The two-building asset features a clear height ranging between 16’ to 30’, two dock-high doors, seven grade-level doors, a wet sprinkler system, and metal construction. The property is zoned M-2 for the heaviest industrial and manufacturing uses. Located adjacent to the Metra BNSF Aurora Train Yard, the property sits only 2.4 miles south of Interstate 88 via North Lake Street.

Investment highlights

• Two-Building 61,951-Square-Foot Specialized Manufacturing Facility Situated on 3.59 Acres

• Featuring 16’-30’ Clear Height, Two Dock Doors, and Seven Grade-Level Doors

• Premier Accessibility: Adjacent to BNSF Rail Yard, Less than Three Miles from I-88

• Zoned M-2 for Heaviest Industrial Use | Historical Metal Forging Use

• Second-Largest City in Illinois | Outperforming Submarket with 4.4% Vacancy vs. 7.7% National Average

Listing Contacts

ZO
IL 475.198922
Marcus & Millichap - Chicago Downtown
TS
IL IL 177869
Marcus & Millichap - Chicago Downtown
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Chicago Downtown, Marcus & Millichap - Dallas

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
Name
Zach Orzel
License
475.198922
Brokerage Phone
(312) 327-5400
Name
Tyler Sharp
License
IL 177869
Brokerage Address
333 West Wacker Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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