8317 W North Ave | Melrose Park, IL 60160
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- LoopNet Team
8317 W North Ave
Melrose Park, IL 60160
Lincoln Technical Institute · Specialty Property For Sale
·
87,501 SF
Investment Highlights
- LONG-TERM TENANCY WITH RECENT EXTENSION: Lincoln Technical Institute has operated at this site for 25+ yrs and recently signed a 10-yr lease extension
- ATTRACTIVE ANNUAL RENTAL INCREASES: Lease includes 3.5% annual increases, exceeding market norms and ensuring steady income growth.
- PUBLICLY TRADED & STRONG MARKET PERFORMANCE
- CORPORATE GUARANTY: Lease backed by Lincoln Educational Services Corporation (NASDAQ: LINC), a publicly traded and financially sound guarantor.
- EXPANSIVE 9.1-ACRE SITE
- HIGH PROFILE RETAIL CORRIDOR/EXCEPTIONAL VISIBILITY & TRAFFIC COUNTS/NEAR MULTIPLE MANUFACTURING AND DISTRIBUTION FACILITIES
Property Facts
| Property Type | Specialty | Building Size | 87,501 SF |
| Property Subtype | School | No. Stories | 1 |
| Building Class | B | Year Built | 1990 |
| Lot Size | 3.73 AC | Parking Ratio | 5.85/1,000 SF |
| Zoning | “E” Commercial | ||
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 3.73 AC |
| Building Size | 87,501 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 5.85/1,000 SF |
| Zoning | “E” Commercial |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,224,443 | |
| Land Assessment | $919,333 | Total Assessment | $2,143,776 |
Property Taxes
Parcel Numbers
Land Assessment
$919,333
Improvements Assessment
$1,224,443
Total Assessment
$2,143,776
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