Great value-add opportunity to own gross 96,000sf four-story industrial building with about 40-car parking lot; situated on 38,096sf land, priced at currently 6% plus Cap rate at only 47% occupancy rate, while it is a value-add opportunity for you with potential 12% plus Cap rate if it is fully occupied. The property comes with 1 exterior dock and 4 drive-in doors, located in Bronzeville TIF district, 5 blocks from the future development of previous Michael Reese Hospital site, 3 blocks from the I-55 / I-90 highways.
Central Heat/Indiv Controls, Forced Air, Gas
Public Transport Avail, TIF Zone
|Price Reduced (from $5,800,000)||$5,490,000||$310,000 (5.34%)|
|Active (from New)||–||–|
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Listing information last updated on August 24th, 2019 at 5:20pm CDT.