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1401 S Circle Ave 45,000 SF 100% Leased Industrial Building Forest Park, IL 60130 $3,500,000 ($77.78/SF) 8.49% Cap Rate
Investment Highlights
- Investment Opportunity
- Fully Leased Property; Tenants include Gymnastics Center, MMA Gym, Baseball Group, Rage Room
- NOI $297,000
- 45K SF Industrial Building on 2.019 Acres for Sale in Forest Park
- 2 Docks, 3 Drive-in Doors, 30 Parking Spaces
Executive Summary
Excellent investment opportunity in an affluent suburb with long-term tenants in place. This 100% Occupied 45,000 SF industrial building sits on 2.019 acres in Forest Park. The property offers 2 docks, 3 drive-in doors, and 30 parking spaces. Current tenants include a gymnastics center, MMA gym, baseball group, and a rage room. Conveniently located near I-290 and a variety of amenities such as Walmart, Costco, and the Harlem Blue Line station.
Property Facts
| Price | $3,500,000 | Rentable Building Area | 45,000 SF |
| Price Per SF | $77.78 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1977 |
| Cap Rate | 8.49% | Parking Ratio | 0.67/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 19’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 5.58 AC | ||
| Zoning | I-1, Forest Park - Light Industrial | ||
| Price | $3,500,000 |
| Price Per SF | $77.78 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.49% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.58 AC |
| Rentable Building Area | 45,000 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 0.67/1,000 SF |
| Clear Ceiling Height | 19’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I-1, Forest Park - Light Industrial |
Amenities
- Signage
Utilities
- Heating - Gas
1 1
Property Taxes
| Parcel Number | 15-24-205-026-0000 | Improvements Assessment | $270,095 |
| Land Assessment | $125,377 | Total Assessment | $395,472 |
Property Taxes
Parcel Number
15-24-205-026-0000
Land Assessment
$125,377
Improvements Assessment
$270,095
Total Assessment
$395,472
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