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31107777
31107778

4817 W Lake St, Melrose Park, IL 60160

RI
IL 475.216.053
TS
IL IL 177869
Marcus & Millichap - Chicago Downtown
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Chicago Downtown, Marcus & Millichap - Dallas
$1,750,000
83 days on market
Updated 82 days ago

Vacant Infill O'Hare | Melrose Park Industrial

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 22,200
Net Rentable (SqFt) 22,200
Units 1
Tenancy Vacant
Pro-Forma Cap Rate 10.48%
Pro-Forma NOI $183,376
Price per SqFt $79
Class B
Year Built 1956
Buildings 1
Acreage 1.060
Zoning C
Ceiling Height 13'-20'
Loading Docks 3
Ownership Fee Simple

Industrial | 22,200 SqFt

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4817 West Lake Street in Melrose Park, Illinois. The subject property consists of approximately 22,200 square feet of warehouse space and is situated on 1.06 acres of land. The single-tenant asset features a clear height ranging from 13’ to 20’, three grade-level doors, three-phase heavy power with 480 volts, TPO roofing, and 15 parking spaces. Located adjacent to a Union Pacific intermodal station in proximity to the Chicago O’Hare International Airport, the property sits about 1.5 miles from the interchange between Interstates 294 and 290. For sale as vacant and priced well-below replacement cost at just under $79 per square foot, the property can be acquired for owner use or a lease-up investment opportunity.

Listing Contacts

RI
IL 475.216.053
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
Reese Isacson
License
475.216.053
Brokerage Phone
(312) 327-5459
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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