Industrial


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Location: 26735 Commerce Drive, Volo, IL, 60073
UPCOMING AUCTION  Wed, November 20 - Fri, November 22

Minimum Bid: $1,199,000
 
Buyer's Premium: 6%
 
Cooperating Broker's Commission: 2%
 
Lot: Approx. 2.1 Acres
 
Building Size: Approx. 32,001 SF
 
Built: 2001
 
Leased: 100%
 
2017 Taxes: $59,106.60
 
PIN #: 09-02-102-008
 
Zoning: LI; Light Industrial District
 
NOI: Approx. $114,752
 
Cap Rate: 9.6%
 
Exceptionally well maintained approximately 32,001 sf multi-unit industrial warehouse building is set on approximately 2.1 acres.  The building has 5 large open floor plan warehouse units, each with 21' clear ceiling heights, All units have small front office spaces as well.
 
Highlights:
 
• 100% Leased through 2021 (All TI's paid by tenants)
• Very stable tenant base (tenants pay utilities w/tax stops in place)
• Each unit has individual drive in bay w/2 compressed air-powered loading docks
• Newly painted building, sealed and striped parking lot, roof inspection
• Clean Phase I and II
 
Located in Volo, Illinois. Stand alone building located at intersection of West Commerce Drive and North Ellis Drive. It is South of Route 120, West of Route 60 and East of Route 12.
 
**3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT 
 

View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 3905 IL Route 173, Zion, IL, 60099
UPCOMING AUCTION  Bidding period to be scheduled

Approximately 67,000 SF Warehouse in Zion, IL

Suggested Opening Bid: $2,899,000 ($43.28/ sf for the Building or $3.03/sf for the Land)

Buyer’s Premium: 6%

Cooperating Broker Commission: 2%

Land Size: Approx. 22 Acres

Building Size: Approx. 67,000 SF Warehouse Plus Approx. 10,000 SF Mezzanine Office Space

Built: 1996

2018 Taxes: $171,481.40 (All 3 PIN #s)

PIN #: 04-18-400-035

PIN #: 04-18-400-037

PIN #: 04-18-400-042

Zoning: HB (Highway Business) & Balance of  Vacant Land LM (Light Manufacturing)

This move in ready industrial building with HVAC throughout is ideally located for ease of commercial access just 2.5 miles from I-94, facing the corners of Route 173 (Rosecrans Road) and Kenosha Road in Zion, Illinois. The building features approximately 67,000 sf of manufacturing/warehouse space and approximately 10,000 sf of mezzanine office space. Custom built by the owner, the building previously was used for commercial refrigeration manufacturing. This building has expansive, open warehouse/manufacturing space with 22’+ high ceilings, 4 loading docks and over 22 acres for additional expansion or re-development. The property is fully fenced and secured with an electric entry gate.  Recently rezoned to the TIF District by the Village of Zion.

View Property Flyer (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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