1301 171St StHazel Crest, IL 60429

For Sale
$1,399,000

Fully Leased Industrial Portfolio, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully leased, three-building industrial warehouse portfolio located at 1301 171st Street in Hazel Crest, Illinois, 60429, Cook County. The property boasts a total of 24,500 to 67,200 square feet of space, spread across three single-story buildings constructed in 1996. Currently operating at 100% occupancy with long-term tenants, this asset offers a compelling 9.00% capitalization rate. The lease structure is gross, simplifying management and maximizing returns. The property's strategic location provides convenient access to major transportation arteries, including I-294 and I-80, enhancing its appeal to both tenants and investors. Further enhancing the income stream is a billboard located off the expressway, generating additional revenue. The address encompasses 1301-1329 W 171st St. This is a multi-tenant property offering a stable and lucrative investment opportunity for discerning buyers seeking strong cash flow and long-term appreciation. The property is classified as both Industrial and Retail.

Highlights

  • High-traffic location with excellent visibility on a major thoroughfare.
  • Free-standing building offering ample parking.
  • Recently renovated interior with modern finishes and updated systems.
  • Flexible floor plan adaptable to various business needs.
  • Strong tenant base with long-term leases.
  • Prime location in a thriving commercial district with high growth potential.

Property Details for 1301 171St St

Property type
Other warehouses, Other retail properties
Square Feet
24,500 SF
Year Built
1996
Buildings
3
Stories
1

Location Insight

City
Hazel Crest
County
Cook
State
Illinois
Latitude
41.5789059
Longitude
-87.6490568
1301 171St St, Hazel Crest, Illinois

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1301 171St St
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