8035 Austin Ave
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8035 Austin Ave
35,360 SF 100% Leased Industrial Building Morton Grove, IL 60053 $3,080,549 CAD ($87 CAD/SF) 8.97% Cap Rate
Investment Highlights
- Owner-User Industrial Opportunity | Warehousing, Wholesaling, and Service businesses welcomed
- Stabilized income-producing property
- Nearby Major Roadways: I-94 via Touhy Ave & Dempster St, I-294 via Touhy Ave & Dempster St, Chicago CBD 17 mi, ORD Airport 8.5 mi & MDW Airport 24 mi
- Some Retail uses permitted that service Industrial uses | A new roof was installed in 2023
- Excellent accessibility to the Interstate system, Oakton Avenue, Dempster Street, Golf Road, and Waukegan Road
- Shore Community Services will have invested over $1 million after their facility improvements are completed
Executive Summary
This 35,360 SF industrial property, built in 1964, offers an attractive opportunity for investor-owners seeking a combination of operational space and passive income. With existing tenants in place, the property provides immediate rental income while allowing for flexible usage.
Owner-User Space: 14,355 SF available for your business operations.
Income Potential: Existing tenants ensure steady cash flow and mitigate holding costs.
Zoning: M-1, suitable for light manufacturing, warehousing, and various commercial uses.
Prime Location: Strategically positioned in the Chicago metro area, benefiting from excellent access to regional transportation and business networks.
This property balances the advantages of a functional industrial space with the financial benefits of rental income. A rare opportunity to enhance your portfolio with a versatile asset that supports both business operations and long-term investment goals.
Owner-User Space: 14,355 SF available for your business operations.
Income Potential: Existing tenants ensure steady cash flow and mitigate holding costs.
Zoning: M-1, suitable for light manufacturing, warehousing, and various commercial uses.
Prime Location: Strategically positioned in the Chicago metro area, benefiting from excellent access to regional transportation and business networks.
This property balances the advantages of a functional industrial space with the financial benefits of rental income. A rare opportunity to enhance your portfolio with a versatile asset that supports both business operations and long-term investment goals.
Property Facts
Amenities
- Courtyard
- Mezzanine
- Reception
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 10-20-414-035-0000 | Improvements Assessment | $497,583 CAD |
| Land Assessment | $249,618 CAD | Total Assessment | $747,201 CAD |
PROPERTY TAXES
Parcel Number
10-20-414-035-0000
Land Assessment
$249,618 CAD
Improvements Assessment
$497,583 CAD
Total Assessment
$747,201 CAD
zoning
| Zoning Code | M-1 (Restricted Manufacturing District) |
| M-1 (Restricted Manufacturing District) |
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8035 Austin Ave
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