Listed by Millennium Properties R/E
$995,000
5566 Northwest Hwy
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 14,640
Cap Rate 10.10%
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $68
Lot Size (SqFt) 19,487
Zoning M1-2
Investment Type Stabilized
Ceiling Height 12
Loading Docks 1
Industrial | 10.10% CAP | 14,640 SqFt
Marketing description
Visible from the Kennedy Expressway, this 14,640 square foot infill warehouse is currently 100% net leased to a printing company. The building features an updated 5,000 square foot office, skylights, 12' clear ceilings, full air conditioning, and heavy power. This warehouse can potentially be rehabbed or redeveloped for office or retail use. The tenant is month-to-month, but may sign a long-term lease.
Jefferson Park is a 2.4 square mile neighborhood on the northwest side of the city and home to more than 25,000 people. There is a strong industrial and commercial corridor along Northwest Hwy., drawn by the proximity to the Kennedy (I-90) and O'Hare.
Investment highlights
- 14,640 SF infill warehouse
- Signage visible from Kennedy
- Currently 100% net leased | 10.1% cap on current income | Month-to-month tenant | May sign long-term lease
- Updated 5,000 SF office
- Building features include skylights, 12’ clear ceilings, 1 dock, full A/C, heavy power, hazardous material storage and cameras
- Great potential for user or investor
- Potential as office or retail
- Land Area: 19,487
- Zoning: M1-2
- Taxes (2015): $28,393
Listing Contacts
Listed by Millennium Properties R/E
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