$ 3,450,000
-
$3,450,000
Price -
0
Bed -
0
Bath -
35,900
SqFt
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About the Listing 15401 - 878361,1017035
Strauss Realty, Ltd. is pleased to present 14600 Kilpatrick Avenue, a multi-tenant industrial investment opportunity in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet and 42 individual units, currently 90.5% leased. Building 1 (Units 1-14) includes approximately 9,800 SF, with units averaging 700 SF each. Building 2 (Units 15-42) totals approximately 26,100 SF, with units averaging 900 SF, including several combined spaces. A shared, secured restroom is located between Units 16 and 17. Offered at $3,450,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 8.98% cap rate, with stable in-place income and potential for future rental growth. Recent capital improvements include demising select double units into single units, installation of bollards around gas meters, implementation of a mastered key system (GoldyLocks), and new heaters in select spaces. Ownership is currently completing installation of a required fire alarm system per the Village.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
12570028
Year Built
0
Total Square Footage
35,900
Lot/Acreage
1.62
County
Cook
Area
Midlothian
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 234x301
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $142,497
- Taxes w/Assessments: N/A
- Tax/Property ID: 28101160680000
- Tax Year: 2024
Payment Calculator
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Questions About..
14600 Kilpatrick Ave Midlothian, IL 60445
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