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Lake Bluff Industrial/IOS/Sports-Rec 3 Industrial Properties Offered at $5,900,000 in Lake Bluff, IL
INVESTMENT HIGHLIGHTS
- High exposure location on Skokie Highway (IL Hwy 41)
- Significant recent capital investment: parking lot, partial roof, new tenants in over 80% of property
- Fully leased property at reasonable price PSF
EXECUTIVE SUMMARY
Fully leased investment offering comprised of 3 buildings totaling 70k SF on 7 acres of land. Significant recent capital investment with over 80% of the complex having been re-leased in the past 18 months. Reasonable price PSF with room to increase rents through escalations and leasing of outdoor storage areas. Tenants include a mix of sports/recreational users (baseball, soccer and an ice rink) as well as traditional industrial tenants; some that utilize outdoor storage areas.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL |
|---|---|
| Gross Rental Income |
$734,424
|
| Other Income |
-
|
| Vacancy Loss |
$22,033
|
| Effective Gross Income |
$712,391
|
| Taxes |
$109,768
|
| Operating Expenses |
$122,515
|
| Total Expenses |
$232,283
|
| Net Operating Income |
$480,108
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $734,424 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | $22,033 |
| Effective Gross Income | |
|---|---|
| Annual | $712,391 |
| Taxes | |
|---|---|
| Annual | $109,768 |
| Operating Expenses | |
|---|---|
| Annual | $122,515 |
| Total Expenses | |
|---|---|
| Annual | $232,283 |
| Net Operating Income | |
|---|---|
| Annual | $480,108 |
PROPERTY FACTS
| Price | $5,900,000 | Number of Properties | 3 |
| Price / SF | $85.51 / SF | Individually For Sale | 0 |
| Cap Rate | 8.14% | Total Building Size | 69,000 SF |
| Sale Type | Investment | Total Land Area | 10.38 AC |
| Status | Active |
| Price | $5,900,000 |
| Price / SF | $85.51 / SF |
| Cap Rate | 8.14% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 69,000 SF |
| Total Land Area | 10.38 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 29850-29860 N Skokie Hwy, Lake Bluff, IL 60044 | Industrial | 40,000 SF | 1970 | - |
| 29800 N Skokie Hwy, Lake Bluff, IL 60044 | Industrial | 20,000 SF | 1970 | - |
| 29820-29830 N Skokie Hwy, Lake Bluff, IL 60044 | Industrial | 9,000 SF | 1996 | - |
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Lake Bluff Industrial/IOS/Sports-Rec
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