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8504-8508 S 77th Ave

5,000 SF 100% Leased Industrial Building Bridgeview, IL 60455 $1,039,469 CAD ($208 CAD/SF)

Investment Highlights

  • 2 HYDRAULIC LIFTS
  • VACANT LOT INCLUDED
  • 3 SEPARATE PINS FOR ADJACENT PARCELS

Executive Summary

Amazing opportunity to acquire a multi-tenant industrial property, along with the adjacent corner Vacant Lot. Both properties are zoned Light Industrial. The building is a total of just under 10,000 SF. It is brick construction and 1 story. The currently use consists of 2 identical 2,500 Square Foot spaces, both with separate bathrooms, offices and loft spaces. There is an adjoining door if a new owner would like to combine both spaces into one. There is also a main entrance vestibule with an additional reception/office space. The entire property has a fire sprinkler system and new LED lighting has also been installed. There are a total of (4) roll up service doors. 2 commercial hydraulic lifts are also included at this price. The flat, rubber membrane roof is only a couple years old. All mechanicals are in great working order. The owner has successfully operated in one space as a mechanic business for 30 years. The neighboring space is currently leased for $2,500/month by a contractor company. The vacant lot is currently utilized by both tenants as storage for heavy machinery. The lot has a ton of potential. The direct neighborhood is full of shipping and supportive industrial businesses. The property has 3 separate PINS included: 8500 S. 77TH AVE: 18363180130000; 8504 S. 77TH AVE: 18363180140000; 8508 S. 77TH AVE: 19363180150000.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $43,013 $8.60
Other Income - -
Vacancy Loss - -
Effective Gross Income $43,013 $8.60
Taxes $34,473 $6.89
Operating Expenses - -
Total Expenses $34,473 $6.89
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $43,013
Annual Per SF $8.60
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $43,013
Annual Per SF $8.60
Taxes (CAD)
Annual $34,473
Annual Per SF $6.89
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $34,473
Annual Per SF $6.89
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts Under Contract

Price $1,039,469 CAD
Price Per SF $208 CAD
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
Property Type Industrial
Property Subtype Service
Building Class B
Lot Size 0.46 AC
Rentable Building Area 5,000 SF
No. Stories 1
Year Built 1980
Parking Ratio 3/1,000 SF
Clear Ceiling Height 20’
No. Drive In / Grade-Level Doors 4

Amenities

  • Floor Drains
  • Signage
  • Skylights
  • Reception

Utilities

  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-36-318-014-0000
  • 18-36-318-015-0000
Land Assessment
$57,436 CAD (2024)
Improvements Assessment
$37,840 CAD (2024)
Total Assessment
$95,276 CAD (2024)
Annual Taxes
$34,473 CAD ($6.89 CAD/SF)
Tax Year
2023

zoning

Zoning Code X (LIGHT INDUSTRIAL)
X (LIGHT INDUSTRIAL)
  • Listing ID: 32393579

  • Date on Market: 2024-07-09

  • Last Updated:

  • Address: 8504-8508 S 77th Ave, Bridgeview, IL 60455

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