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4520 Rumsey Ave 4520 Rumsey Ave 7,493 SF 55% Leased Industrial Building Oak Lawn, IL 60453 $711,000 ($94.89/SF)



INVESTMENT HIGHLIGHTS
- 4 Drive in Doors-14ft High
- Heated Warehouse
- 2700 sq ft Lot size Fully Fenced
- Storage Mezzanines
- 475 Sq ft of Office Space Completley Renovated in 2017
- Village Approved Fire Alarm System
EXECUTIVE SUMMARY
This is an awesome investment opportunity in the heart of Oak Lawn. Expand your business or create that new venture you have been dreaming about. This parcel includes recently tuckpointed, solid brick building that sits between 2 fenced and lighted lots with a total land square footage of 27,000 sq ft. The 38 x 77 ft (2926 sq ft) building features four-14ft overhead doors, gas heaters, LED lighting. 2025 new LED lights and electric receptacles, 2023 Village approved Fire Alarm system installed. 2022 1st floor bathroom completely gutted and remodeled, new plumbing, fixtures, tankless hot water heater, new east/west pedestrian doors, new west front fence, gate including installation of pedestrian entrance. 2017 475 square foot 2nd floor office space including 2nd bathroom taken down to the studs and completely renovated, mini-split HVAC system heat/ac installed, roof replaced. There is also an open mezzanine and an enclosed mezzanine offering great storage space,. Additional features include a 40ft storage trailer on a slab with electricity, industrial grade air compressor and built in counter and metal workbench. Stop paying rent and locate your business where the action is, just 0.25 miles from Advocate Christ Medical, .06 miles from 95th and Cicero Ave, 1 mile from the Oak Lawn Metra Station, 4 miles to I-294 and just 6 miles to Midway Airport. Existing building can be retrofitted to 3 flat and use vacant land to build other apartment buildings or condos, with ample adjacent parking spaces. Building could be a child or doggie day care center in building with huge yards for dogs runs, distribution center, use of building and space only limited by your imagination.
PROPERTY FACTS
| Price | $711,000 | Lot Size | 0.41 AC |
| Price Per SF | $94.89 | Rentable Building Area | 7,493 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built/Renovated | 1955/2017 |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | Industrial | ||
| Price | $711,000 |
| Price Per SF | $94.89 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 7,493 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2017 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | Industrial |
AMENITIES
- Fenced Lot
- Mezzanine
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $21,677 | |
| Land Assessment | $23,436 | Total Assessment | $45,113 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,436
Improvements Assessment
$21,677
Total Assessment
$45,113
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4520 Rumsey Ave | 4520 Rumsey Ave
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