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Investment Highlights

  • Three Building 45,706-Square-Foot Shallow-Bay Industrial Park Situated on 3.86 Acres
  • 27% Building Coverage Ratio Provides Ample Parking & Outside Storage for Variety of Tenant Needs
  • Situated in Far South Cook Submarket with Outperforming Fundamentals: 2.2% Vacancy & 5.2% Rent Growth
  • Featuring 20 Units with 32 Drive-In Doors, 10’-16’ Clear Height, Wet Sprinkler System, & Metal Construction
  • 87% Occupied at Average of $6.33 Per Square Foot Annually, Creating Value-Add Lease-Up Opportunity | Priced Well-Below Replacement Costs
  • Strategically Located in Proximity to I-57 & U.S. Route 30 | Eligible for Lower Property Taxes via Cook County’s Class 8 Tax Incentive

Executive Summary

The industrial park consists of three buildings with a total of 45,706 square feet of shallow-bay industrial space situated on 3.86 acres. The property features 20 units with 32 drive-in doors and offers 10’ to 16’ clear height, making it suitable for a variety of industrial uses. The units are designed to accommodate different tenant needs, with ample parking and outside storage available due to the 27 percent building coverage ratio.
The property is currently 87 percent occupied, with an average annual rent of $6.33 per square foot, presenting a value-add lease-up opportunity. The current occupancy rate and rent provide a solid foundation for potential investors. The property is priced well below replacement costs, making it an attractive option for those looking to invest in the industrial market.
The industrial park is strategically located in the Far South Cook submarket, which has an impressive 2.2 percent vacancy rate in Q1 2026, 5.6 percentage points below the national average. Unlike rents in most markets that continue to decelerate, annual rent growth in Far South Cook bottomed in Q2 2025, rising 190 basis points to 5.2 percent in Q1 (CoStar). The property’s proximity to I-57 and U.S. Route 30 provides easy access to major transportation routes, making it an ideal location for industrial businesses. The property is also eligible for lower property taxes via Cook County’s Class 8 Tax Incentive, which can help reduce operating costs.

Property Facts

Price $1,800,000
Price Per SF $39.38
Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 3.86 AC
Rentable Building Area 45,706 SF
No. Stories 1
Year Built 1973
No. Drive In / Grade-Level Doors 32
Zoning I-1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
31-26-119-019-0000
Land Assessment
$156,816
Improvements Assessment
$120,806
Total Assessment
$277,622
  • Listing ID: 40393234

  • Date on Market: 5/4/2026

  • Last Updated:

  • Address: 21750 Main St, Matteson, IL 60443

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