23040 W Eames St
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23040 W Eames St
21,741 SF 100% Leased Industrial Building Channahon, IL 60410 $8,504,818 CAD ($391 CAD/SF) 4.94% Cap Rate
Executive Summary
Hello Investors,
Are you looking for a lucrative investment in the industrial real estate market? Look no further! This prime property at 23040 W Eames St, Channahon, IL 60410-3149, presents a unique and highly attractive opportunity for savvy investors.
Property Highlights
Strategic Location: Located near Union Pacific Rail Terminals, this property offers excellent connectivity for industrial operations.
Ample Space: Spread over 6.16 acres of newly paved industrial outdoor storage, providing extensive space for various industrial needs.
Investment Potential: With current tenants on short-term leases and rents below market rates, there is significant potential for value growth.
High Barrier Submarket: Situated in a submarket with high entry barriers and a low vacancy rate of just 5.3%, making it a rare and valuable opportunity.
Convenient Access: Easy access to the property via the nearby I-55 exit ensures seamless logistics and transportation.
Why Invest?
Value Growth Opportunity: Leases are currently below market rates, offering room for rental income increase.
High Demand Area: With low vacancy rates in the submarket, industrial properties are in high demand.
Diverse Portfolio: The mix of residential and commercial spaces enhances the property's investment appeal.
Strategic Positioning: Proximity to major rail terminals and highway access makes this an ideal location for industrial operations.
Additional Features
Zoning: Suitable for a variety of industrial and commercial uses.
Tenant Flexibility: Current tenants on short-term leases provide flexibility for new owners to negotiate higher rents.
Development Potential: The newly paved storage area is primed for further development or expansion.
Are you looking for a lucrative investment in the industrial real estate market? Look no further! This prime property at 23040 W Eames St, Channahon, IL 60410-3149, presents a unique and highly attractive opportunity for savvy investors.
Property Highlights
Strategic Location: Located near Union Pacific Rail Terminals, this property offers excellent connectivity for industrial operations.
Ample Space: Spread over 6.16 acres of newly paved industrial outdoor storage, providing extensive space for various industrial needs.
Investment Potential: With current tenants on short-term leases and rents below market rates, there is significant potential for value growth.
High Barrier Submarket: Situated in a submarket with high entry barriers and a low vacancy rate of just 5.3%, making it a rare and valuable opportunity.
Convenient Access: Easy access to the property via the nearby I-55 exit ensures seamless logistics and transportation.
Why Invest?
Value Growth Opportunity: Leases are currently below market rates, offering room for rental income increase.
High Demand Area: With low vacancy rates in the submarket, industrial properties are in high demand.
Diverse Portfolio: The mix of residential and commercial spaces enhances the property's investment appeal.
Strategic Positioning: Proximity to major rail terminals and highway access makes this an ideal location for industrial operations.
Additional Features
Zoning: Suitable for a variety of industrial and commercial uses.
Tenant Flexibility: Current tenants on short-term leases provide flexibility for new owners to negotiate higher rents.
Development Potential: The newly paved storage area is primed for further development or expansion.
Property Facts
| Price | $8,504,818 CAD | Building Class | C |
| Price Per SF | $391 CAD | Lot Size | 6.16 AC |
| Sale Type | Investment | Rentable Building Area | 21,741 SF |
| Cap Rate | 4.94% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2004 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 9 |
| Price | $8,504,818 CAD |
| Price Per SF | $391 CAD |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 6.16 AC |
| Rentable Building Area | 21,741 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| No. Drive In / Grade-Level Doors | 9 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 06-35-300-008 | Improvements Assessment | $306,456 CAD |
| Land Assessment | $196,464 CAD | Total Assessment | $502,920 CAD |
PROPERTY TAXES
Parcel Number
06-35-300-008
Land Assessment
$196,464 CAD
Improvements Assessment
$306,456 CAD
Total Assessment
$502,920 CAD
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Aurica Burduja - Xhomes Realty Inc
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23040 W Eames St
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