16030 Park AveHarvey, IL 60428

For Sale
$1,295,000

Multi-building industrial property with yard. Excellent investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional industrial property, located at 16030 Park Ave, Harvey, IL 60428, presents a unique investment opportunity. The complex encompasses approximately 26,000 square feet of space distributed across four buildings on a 4.56-acre lot. The property includes a warehouse featuring 5 dock-high doors, ceiling heights ranging from 14 to 20 feet, and heavy power (600V, 3-phase). Additional features include floor drains and radiant heat. Beyond the warehouse, the property boasts approximately 1,100 square feet of office space with a basement, two residential homes each approximately 1,075 square feet, and a storage shed. The property is zoned for light manufacturing and benefits from its strategic location near I-294 and the Chicago Intermodal Railroad Ramp. Significant incentives are available, including SBA HubZone, Cal-Sag Enterprise Zone, Opportunity Zone, and Thornton Township Class 8 Tax Reduction. The property's location in Harvey, Illinois, offers convenient access to major transportation arteries, including I-57, I-294, I-94, I-80, and the CN Chicago Intermodal Terminal. The city itself is undergoing revitalization, evidenced by recent developments such as the Harvey Lofts residential project. Public transportation is readily available with two Metra Electric Stations, multiple PACE Bus options, and a Greyhound Bus Station. The asking price is $1,295,000, or $49.81 per square foot, and $323,750 per unit. This property is ideal for owner-users seeking a versatile and strategically located industrial complex.

Highlights

  • 26,000 SF warehouse with office space.
  • Two residential homes and a storage shed on site.
  • 4.56-acre fenced yard with ample outside storage.
  • Five dock-high doors and four 12'x14' drive-in doors, plus one 8'x8' door.
  • Clear ceiling height ranging from 14' to 20'.
  • Light industrial zoning with heavy power available.

Property Details for 16030 Park Ave

Property type
Other warehouses, Other industrial properties
Square Feet
26,000 SF
Year Built
1974
Buildings
4
Stories
1
Lot Size (sq. ft)
198,634 SF
Units
4

Location Insight

City
Harvey
County
Cook
State
Illinois
Latitude
41.5973361
Longitude
-87.6506755
16030 Park Ave, Harvey, Illinois

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16030 Park Ave
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