13747 S Western Ave 15,825 SF 100% Leased Industrial Building Blue Island, IL 60406 $1,390,000 ($87.84/SF) 7.56% Cap Rate

THE PRICE ON THIS RENOVATED INDUSTRIAL BUILDING HAS BEEN REDUCED! PLEASE REVIEW THE DETAILED OFFERING ATTACHED BELOW.
This industrial property has undergone a comprehensive renovation throughout. Some of the upgrades include twelve fully functional large executive offices, insulated ceilings, updated bathrooms, an HVAC system, a security system, and a sprinkler system, all of which have been approved by the City of Blue Island. Additionally, there are 5,000 square feet of warehouse space in the rear, which is currently leased to an outside vendor.
The twelve offices are capable of housing the operations of any mid-sized or large business. Additionally, there’s a fully functional kitchen and lunch room area. The property is currently used as a trucking company operation. The total rentable area is 15,825 square feet, zoned for light industrial use. The building has been fully renovated with quality materials, and all upgrades have been inspected and approved by the City of Blue Island.
The land area is 75,347 square feet. There are five large truck bays, which are 14’ X 12’; all bays are insulated. The property currently generates an additional income stream from the 5,000-square-foot warehouse space located at the rear of the building, as well as four of the truck bays, totaling $10,000 per month. The property has additional income potential for leasing the lot to a tractor-trailer operator. The property can be used for the operations of a primary business, leased to a subset of companies, or a combination of both.