14633 Kilpatrick Ave 34,160 SF 100% Leased Industrial Building Midlothian, IL 60445 $3,450,000 ($101.00/SF) 8.98% Cap Rate

Strauss Realty, Ltd. has been exclusively engaged to market for sale 14600 Kilpatrick Avenue, a multi-tenant industrial property located in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet across 42 individual units. Building 1 includes Units 1–14, each approximately 700 square feet (9,800 SF total), and Building 2 includes Units 15–42, each approximately 900 square feet (26,100 SF total), with select units combined. A shared, secured restroom is located between Units 16 and 17.
Investment Summary
The property is offered at a purchase price of $3,450,000 and features a diversified small-bay tenant base. Recent capital improvements include separating several double units into single units, installation of bollards around gas meters, a mastered key system via GoldyLocks, and new heaters in select units. Ownership is currently completing installation of a fire alarm system as required by the Village.
Operations & Lease Structure
Tenants are responsible for gas (heat), internet/phone, and maintenance within their units. Ownership pays for electric, water, refuse service (8-yard dumpster with twice-weekly pickup), internet for security cameras, and weekly professional restroom cleaning. Leases are structured as one-year terms with automatic renewals and no scheduled rent increases, providing stable in-place income with future upside potential.