Franklin Park, ILIndustrial
Franklin Park, IL
Sold
This asset has sold for $975,000. The record stays published — the terms, the photography and the process are the evidence for how the next one gets handled.
30 photographs — scroll the strip or choose a frame below.
Cooperating Broker’s Commission: 2%
Built: 1957
Loading Docks: 6 with Levelers
Drive-In Door: 2
Ceiling Height: 14′
HVAC: Gas Forced
Electrical: Electrical Panel/Circuit Distribution
Parking Spaces: Approx. 13
2019 Taxes: $132,419.07
PIN #: 12-22-308-010-0000
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 open floor plan warehouse ideal for storage, 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 asset is no longer available. The process that sold it — the marketing, the buyer pool, the reporting a court or a credit committee will accept — is the part that transfers.
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A Comparable Mandate
This transaction is published in full because the record is the argument. If you are holding something similar — as owner, lender, receiver or counsel — that is the conversation to have.
