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49-59 North St 12,600 SF 100% Leased Industrial Building Park Forest, IL 60466 $1,500,000 ($119.05/SF)
Investment Highlights
- Access to regional highways including I-57 and U.S. Route 30.
- Area amenities include major retailers, auto service operations, and community services.
- Near growing south suburban market areas like Matteson and Richton Park.
- Cook County economic environment supports industrial and manufacturing operations.
Executive Summary
This free-standing industrial building on North Street in Park Forest, IL offers a rare owner-user or investment opportunity. Spanning 12,600 SF on 1 acre, the property is configured with six 14-foot drive-in doors and a functional layout that can be subdivided into six individual 2,100 SF bays, each offering office and mezzanine space. The building has an asphalt stone roof, updated LED lighting, and triple catch basin drainage infrastructure, providing a durable and efficient operating environment.
Recent upgrades include a completely resurfaced parking lot in 2020 and newly installed emergency exit doors on the south side of the building, ensuring compliance and ease of use. Parking is generous, with space for approximately 55 vehicles. A business purchase option is available for buyers interested in acquiring the existing collision repair operation currently occupying the premises. Located in Cook County, this property benefits from quick access to major roadways such as I-57, U.S. 30, and IL Route 50, enhancing connectivity to Chicago and trade networks throughout the Midwest. Potential Class 8 tax incentives add a compelling financial advantage for qualifying users.
Recent upgrades include a completely resurfaced parking lot in 2020 and newly installed emergency exit doors on the south side of the building, ensuring compliance and ease of use. Parking is generous, with space for approximately 55 vehicles. A business purchase option is available for buyers interested in acquiring the existing collision repair operation currently occupying the premises. Located in Cook County, this property benefits from quick access to major roadways such as I-57, U.S. 30, and IL Route 50, enhancing connectivity to Chicago and trade networks throughout the Midwest. Potential Class 8 tax incentives add a compelling financial advantage for qualifying users.
Property Facts
| Price | $1,500,000 | Rentable Building Area | 12,600 SF |
| Price Per SF | $119.05 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1989 |
| Property Type | Industrial | Parking Ratio | 5.71/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Lot Size | 1.00 AC | ||
| Zoning | M - Light Industrial Use | ||
| Price | $1,500,000 |
| Price Per SF | $119.05 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 1.00 AC |
| Rentable Building Area | 12,600 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 5.71/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | M - Light Industrial Use |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $38,380 | |
| Land Assessment | $48,902 | Total Assessment | $87,282 |
Property Taxes
Parcel Numbers
Land Assessment
$48,902
Improvements Assessment
$38,380
Total Assessment
$87,282
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49-59 North St
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