3019 End AveSouth Chicago Heights, IL 60411

For Sale
$1,760,000

Industrial warehouse, 8.53% cap rate, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This fee-simple industrial warehouse, located at 3019 East End Ave, South Chicago Heights, IL 60411, presents a compelling investment opportunity. The 22,364-square-foot single-tenant property sits on a 2.38-acre lot and boasts a strong 8.53% cap rate (8.88% pro-forma). Currently 100% occupied by a traffic control company under a triple-net (NNN) lease expiring January 2026, this presents a solid income stream with potential for renewal. Built in 1972 and renovated in 1975, the building features 11 loading docks, a 12'7" to 18'6" ceiling height, 30 parking spaces, and ample amenities including a locker room and weight-bearing mezzanine. The property includes two office spaces and features trench drains and a fully fenced lot. Its heavy industrial zoning in Cook County permits all outdoor storage and trucking uses, making it ideally suited for its current tenant, established in 1962, and situated in a high-demand submarket with a 4% vacancy rate. The property offers significant upside potential with its strong tenant, favorable lease terms, and strategic location near I-57. The asking price is $1,760,000, translating to $78.70 per square foot. The property's pro-forma NOI is $156,357.

Highlights

  • $1,760,000 asking price for a 22,364 SF industrial warehouse in South Chicago Heights, IL.
  • 8.53% cap rate, 8.88% pro-forma cap rate, with a $156,357 pro-forma NOI.
  • 100% occupied by a single tenant (Traffic Control Company) under a NNN lease through January 2026.
  • Class C, fee-simple ownership, 2.38-acre lot with 30 parking spaces and 11 loading docks.
  • Built in 1972, renovated in 1975, featuring 12'7" - 18'6" ceiling heights.

Property Details for 3019 End Ave

Property type
Other warehouses, Other industrial properties
Square Feet
22,364 SF
Class
C
Year Built/Renovated
1972/1975
Buildings
1
Lot Size (sq. ft)
103,673 SF
Units
1

Location Insight

City
South Chicago Heights
County
Cook
State
Illinois
Latitude
41.4829748
Longitude
-87.6326528
3019 End Ave, South Chicago Heights, Illinois

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3019 End Ave
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