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1300 S Kostner Ave 70,000 SF Vacant Industrial Building Chicago, IL 60623 For Sale

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INVESTMENT HIGHLIGHTS

High Clear Heights (20' and 14')
Fully Heated Warehouse & A/C and Heat in Office
Designated Employee Parking

Heavy Loading Capabilities (4 Interior Docks | 3 Exterior Docks | 1 Drive in Door)
Capital Improvements Include: New Roof in Last 5 Years & Well-Maintained Warehouse Interior
Fully Sprinklered

EXECUTIVE SUMMARY

Value Add Opportunity.
• Potential Sale Leaseback (20,000 Sq. Ft.) at FMV
• In place lease (32,500 Sq. Ft.) LXP 6/30/2025, below FMV

CCRE Offering Memorandum_1300 S. Kostner (Q2 2024)_reduced

PROPERTY FACTS

Sale Type	Investment or Owner User	Year Built	1964
Property Type	Industrial	Parking Ratio	0.29/1,000 SF
Property Subtype	Manufacturing Industrial Distribution Industrial Truck Terminal Industrial Warehouse	Clear Ceiling Height	20’4”
Building Class	C	No. Dock-High Doors/Loading	7
Lot Size	2.14 AC	No. Drive In / Grade-Level Doors	1
Rentable Building Area	70,000 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
No. Stories	1
Zoning	M2-3 - Light Industrial District

Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Manufacturing Industrial Distribution Industrial Truck Terminal Industrial Warehouse
Building Class	C
Lot Size	2.14 AC
Rentable Building Area	70,000 SF
No. Stories	1
Year Built	1964
Parking Ratio	0.29/1,000 SF
Clear Ceiling Height	20’4”
No. Dock-High Doors/Loading	7
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M2-3 - Light Industrial District

Water - City
Sewer - City
Heating - Gas

1 1

PROPERTY TAXES

Parcel Numbers	Multiple 16-22-107-020-0000 16-22-107-021-0000 16-22-107-003-0000	Improvements Assessment	$331,790
Land Assessment	$291,923	Total Assessment	$623,713