Industrial


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Location: 9900 Franklin Avenue, Franklin Park, IL, 60131
UPCOMING AUCTION  Wed, October 14 - Fri, October 16

Minimum Bid: $2,014,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

Building Size: Approx. 87,000 SF

Lot Size: Approx. 2.7 Acres

Ceiling Height: 12' - 24'

Drive-In Doors: 8

Docks: 4 - 3 Interior, 1 Exterior

Zoning: C-M; Commercial Manufacturing

Sprinklers: Wet

2019 RE Taxes: $157,986.87

PIN #: 12-21-417-042-0000 (Building)

2019 RE Taxes: $5,837.51

PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)

TOTAL 2019 RE Taxes: $163,824.38

NOI: $254,373.38

Cap Rate: 9.10%

PROPERTY HIGHLIGHTS

• Great Franklin Park landsite
• 2 new highway entrances
• New industrial spec products in market
• Tenants in place
• Heavy power
• Room for rental growth
• Public transportation on Franklin Avenue
• Easy to backfill spaces due to smaller size units and lower rents
• Projected Full Occupancy Net Income $335,045
• Net Income Over $254,373
• 9.4% Current Cap Rate with 12.4% Projected Cap Rate
• Additional parking across Scott Street

**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 Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 1600 Beech Street, Terre Haute, IN, 47804
UPCOMING AUCTION  Bidding period to be scheduled

Call for Offers! Approx. 650,000 sf Industrial on Approx. 29 Acres in Terre Haute, Indiana

CALL FOR OFFERS

New Asking Price: $1,300,000 (Reduced from $1,950,000)

Buyer's Premium: 5% 

Cooperating Broker's Commission: 2% of Offer Price (before Buyer’s Premium is added)

Lot Size: Approx. 29 Acres

15 Industrial Buildings

Total Buildings SF: Approx. 650,000

2019 Taxes: $106,903.54 (Total 28 PINS)

This property consists of approximately 29 acres zoned heavy industrial in Terre Haute, Indiana with fifteen (15)  industrial manufacturing buildings.  It  features heavy power; 12 drive in door docks; ceiling heights ranging from approximately 9’ - 23’; a large, adjacent parking lot; a parking lot across the street; several other vacant, adjacent lots; and nearby rail access. 
 
This is an ideal site for building a logistics and distribution center literally at “the crossroads of America.” These    buildings have been well maintained and are  also well suited for continued manufacturing use. The current business is vacating the property due to the owner retiring and winding down the business.
 
Building #1  4 story shipping warehouse, approx. 153,004 sf plus 13,620 sf basement (identified as #1, #1-A, #1-B, #1-C, #1 shipping, and #1-Office Area in Building Plan) 
 
Building #2  Pressroom, approx. 92,730 sf
 
Building #3  Enameling/ Finishing Dept., approx. 79,508 sf (identified as #3 and #3-A in Building Plan)
 
Building #4  Mill Room, approx. 6,670 sf (identified as Building #7 which includes #7 and #7-A in Building Plan)
 
Building #5  Frit Storage Building, approx. 5,100 sf (identified as Building #8 in Building Plan)
 
Building #6  New Power House, approx. 8,400 sf (identified as Building #9 in Building Plan)
 
Building #7  Prestige Storage, approx. 5,166 sf (identified as Building #10 in Building Plan)
 
Building #8  Old Power House, approx. 11,622 sf ((identified as Building #25; currently used for storage and fire pumps in Building Plan)
 
Building #9  Black Iron Shed, approx. 26,904 sf (identified as Building #32; older section of building with wood structure and partitions in Building Plan)
 
Building #10  Black Iron Shed, approx. 42,952 sf (identified as Building #32-A; newer section of building with steel structure and dock with drive in access in Building Plan)
 
Building #11 North Warehouse, approx. 5,100 sf (identified as Building #33; older section of building built with brick and wood structural in Building Plan)
 
Building #12 North Warehouse, approx. 5,100 sf (identified as Building #33-B; newer section of building, built mainly with concrete block and metal and wood structural
                    in Building Plan)
 
Building #13  Electrical shop, approx. 4,635 sf (identified as Building #35; tied into building #10 in Building Plan)
 
Building #14 Maintenance Shop, approx. 4,048 sf (identified as Building #39 in Building Plan)
 
Building #15  Blue Carton Warehouse, approx. 202,000 sf (identified as Building #40 which includes addition #40-A in Building Plan)
 
Terre Haute Indiana is the Crossroads of America. US Highway 40, the old National Road which opened the west for settlement, and U. S. Highway 41, a major north-south route, were designated part of the original federal highway system in 1926.
 
Offered in Cooperation with Indiana Real Estate License #RB14032591
 
**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 Purchase and Sale Agreement (PDF)

 

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Location: 26639 W. Commerce Drive, Unit 403-404, Volo, IL, 60073
UPCOMING AUCTION  Bidding period to be scheduled

Two (2) Industrial Condos in Volo, IL

Asking Price: $704,000

Cooperating Broker's Commission: 2%

Unit Size: Approx. 16,000 SF (Approx. 8,000 SF Each Unit)

Ceiling Height: 16'

Electrical: 277/480V 3 Phase Power (Each Unit)

Ceiling Gas Heaters: 3-4

2019 Taxes: $14,019.86 (Unit 403)
PIN #: 09-02-102-027

2019 Taxes: $11,230.32 (Unit 404)
PIN #: 09-02-102-028

Association Dues:
Unit 403: $9,636/YR
Unit 404: $9,636/YR

NOI: $56,000/YR

These 2 Industrial condominium units are part of a 4– unit building built in 2002. They are connected internally and occupied by a single tenant who is a commercial manufacturer with a strong occupancy and rental history. Each unit has independent commercial drive in doors and loading docks. They also have separate gas and 277/480V 3 Phase power. Heating is provided by 3-4 overhead gas powered heating systems. The roof is constructed with a Firestone rubber membrane. All roofing, HVAC, driveways, landscaping and brick tuckpointing are regularly maintained and covered by HOA fees (including exterior building insurance). These pristine, fully leased units are offered at an 8% Cap Rate. The units are offered as a package, not individually.

This area of Volo is growing both commercially and residentially. These units are in a thriving commercial complex that includes a stable children’s day care center. Located near the intersections of Route 120 and Route 60, the average car count per day exceeds 24,000.

The units are located approximately 5 miles West of I-294, at the intersections of Route 60 and Route 120.

**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 Purchase and Sale Agreement (PDF)

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Location: 9233 & 9301 King Street, Franklin Park, IL, 60131
UPCOMING AUCTION  Bidding period to be scheduled

Call for Offers! Approx. 273,000 SF Industrial on Approx. 8.09 Acres in O’Hare Submarket

CALL FOR OFFERS! Offers due by 10/10/2020, 5PM CST

Buyer's Premium: 6%

Cooperating Broker's Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

9233 King Street

Lot Size: Approx. 4.41 Acres

Building Size: Approx. 175,429 SF (Approx. 165,429 SF WHSE & Approx. 10,000 SF Office); Occupied by Tenant through January 28, 2024

Ceiling Height: 14'-16' WHSE (small portion approx. 30')

Overhead Cranes: One, 5 Ton

Docks: 2 DIDs/6 Docks (4 with Levelers)

Year Built: 1955 & Subsequent Additions: 1957, 1966, 1968, 1990

Parking Spaces: Approx. 132 total (105 in lot +27)

2019 Taxes: $292,777.95; PIN #: 12-22-308-011-0000 (9233)

2019 Taxes: $73,653.79; PIN #: 12-22-319-008-0000 (9233)

2019 Taxes: $134,890.17; PIN #: 12-22-319-012-0000 (9233)

2019 Taxes Total (9233): $501,321.91

Zoning: I-1; Restricted Industrial District

This one-story brick/masonry constructed industrial warehouse facility is approximately 175,429 sf, and is leased through January 28, 2024. Approximately 165,429 sf is manufacturing/warehouse and approximately 10,000 sf is office.

 

9301 King Street

Lot Size: Approx. 3.71 Acres on Two Parcels (Approx. 2.84 and Approx. 0.87)

Building Size: Approx. 97,628 sf (including approx. 11,424 sf finished office space); Vacant

Built: 1957

Loading Docks: 6 with Levelers

Drive-In Door: 2

Ceiling Height: 14'

Parking Spaces: Approx. 118 total (105 in lot +13)

HVAC: Gas Forced

Electrical: Electrical Panel/Circuit Distribution

2019 Taxes: $132,419.07; PIN #: 12-22-308-010-0000 (9301)

2019 Taxes: 25,362.96; PIN #: 12-22-308-033-0000 (9301)

2019 Taxes Total (9301): $157,782.03

Zoning: I-1; Restricted Industrial District

This one-story, brick/masonry constructed industrial warehouse facility is approximately 97,628 sf including approximately 11,424 sf finished office space set on approximately 2.84 acres. The remainder of the space is built out for light to medium manufacturing and is open floor plan warehouse including 4 crane bays with 7 three-ton bridge cranes and heavy power: 1,200 amps/480 volts and 3,000 amps/220 volts. The property also has an on-site transformer station to manage heavy power. The property is located in a manufacturing neighborhood, with close proximity to I-294. In addition the building abuts to a train track rail head and is also approximately 500 yards from an active commercial train line. The roof is composed of a rubber membrane for ease of maintenance. There currently is no sprinkler system in place but the facility has a recent Fire Marshal “passed” inspection. This property has been dramatically reduced in price to reflect any mechanical upgrades that may be required.

Total 2 Building (9301 & 9233): Approx. 273,057 SF

Total Lot Size (All 5 PIN #s): Approx. 8.09 Acres

Additional PIN #12-22-308-032-0000 could become available for additional parking (Seller has ROFR; tenant currently owns)

Please contact Diana at dianap@awproperties.com for a copy of the purchase and sale agreement.

**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)

 

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Location: 3905 IL Route 173, Zion, IL, 60099
THIS AUCTION IS CLOSED

Approximately 67,000 SF Warehouse in Zion, IL

Minimum Bid: $2,000,000 ($29.85 sf for the Building or $2.08 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 4 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.  The area was recently rezoned to the TIF District by the Village of Zion. This property has not yet been granted TIF classification.

View Property Flyer (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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