1309 Illinois Street
Leased Illinois Street Warehouses with Seller Financing Available
Marketing description
Three-property industrial portfolio in South Houston totaling ±10,860 SF across three tenanted steel/metal warehouse buildings. Current gross income is $5,700/month, with upside through rent increases or renewals. Portfolio includes 1307 Illinois St, 1309 Illinois Ave (same lot must be sold together), and 1313 Illinois St (separate lot). Offered as a package with a discounted portfolio price: $1,300,000 with seller financing or $1,250,000 cash or conventional financing. Seller financing available with 30% down, 25-year amortization, and flexible terms of 36 months at 6% or 60 months at 8%. Strong small-bay industrial opportunity near Hobby Airport.
About Tenant:
877QuicDry is a family owned water damage restoration and mold remediation company serving residential and commercial clients. Their business is typically insurance-driven and service-based, supporting steady demand for warehouse, equipment, vehicle, and operations space. The tenant has occupied 1309 Illinois for approximately 20 years and has expressed interest in renewing, creating potential upside through lease renewal and rent adjustment.
Investment highlights
- ±10,860 SF income-producing industrial portfolio in South Houston
- Three steel/metal warehouse buildings: 1307, 1309, and 1313 Illinois
- 100% occupied with three established tenants
- Current gross income of $5,700/month, or $68,400/year
- Long-term tenant history, including ±20-year tenant at 1309 Illinois
- 877QuicDry has expressed renewal interest, creating lease renewal upside
- STANCO machine shop tenant at 1307 Illinois supports sticky, equipment-heavy occupancy
- Harley-Davidson motorcycle service tenant at 1313 Illinois provides repair, parts, customization, work bays, and vehicle storage
- Seller financing available with flexible terms for qualified buyers
- Value-add opportunity through rent increases, lease renewals, and improved lease structure
- Located near William P. Hobby Airport in an active South Houston industrial corridor
- Strong demand from trade, service, contractor, light industrial, and logistics users
- Functional warehouse features include 3-phase power, steel construction, fenced lot, drive-in access, work bays, and vehicle storage
- 1307 and 1309 Illinois are on the same lot and must be sold together
- 1313 Illinois is on a separate lot, offering future flexibility for hold, resale, or refinance strategy
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