1754 Joe Orr RdLynwood, IL 60411

This exceptional 46.81-acre industrial property in Ford Heights, Illinois, presents a unique redevelopment opportunity. Located just 30 minutes south of downtown Chicago and conveniently near I-80, this site boasts a 12,300 square foot warehouse built in 2023, along with four additional buildings totaling 4,000 square feet. The property is zoned M-2, allowing for a variety of uses including truck terminals, warehouses, truck repair facilities, and retail-commercial sales. New Tax Increment Financing (TIF) and Class 8 incentives are available, making this an attractive investment. The existing 12,300 square foot warehouse features a 16-foot ceiling height. The property also includes a large gravel yard, three curb cuts, three-phase electric, gas, and two wells with septic. The asking price is $3,900,000, with a land value of $2.45 per square foot. The current use is retail sales of flowers and vegetables, with greenhouses negotiable. The sale is contingent upon the seller securing a new location. A seller leaseback is open for discussion through June 2025 on approximately 8 acres. This property offers excellent access to major expressways and is situated in a rapidly developing industrial area. The property's dimensions are approximately 781 feet by 2,609 feet. Real estate taxes are $46,745.00 annually. The property is held in trust and is available for owner/user investment, specifically suited for redevelopment or truck-related businesses. The occupancy date is December 13, 2024.