Turnkey STNL Industrial in South Chicago Hub 1000 E 87th St 34,330 SF 100% Leased Industrial Building Online Auction Sale Chicago, IL 60619
INVESTMENT HIGHLIGHTS
- This fully occupied STNL industrial manufacturing facility provides existing income and long-term potential in the Chicago South industrial submarket.
- Positioned on a 1.14-acre lot, the property offers 35 surface parking spaces and signage opportunities visible to over 15,000 daily vehicles.
- Easily accessible location just minutes from I-90/94, and within a short walk to stops for the Metra Electric Rail Line and local CTA bus lines.
- Sole tenant, CurlMix, is an established beauty retailer with $32M in lifetime revenue that recently entered products in 460 Ulta Beauty locations.
- Facility’s desirable features include a 24-foot clear height, heavy power, secure access, floor drains, and drive-in and dock-high loading doors.
- Investors benefit from strong performance in the local industrial submarket, with a 3.79% vacancy rate, the fourth-lowest rate in Chicagoland.
EXECUTIVE SUMMARY
Join a submarket on the rise with this vibrant, fully occupied South Chicago industrial facility. Located at 1000 E 87th Street, this unique opportunity provides a fully occupied manufacturing property with a single tenant on an NNN lease, cementing this as a rare, truly hands-off investment.
1000 E 87th Street stands out from similar properties with spacious open floor plans, high ceilings, large windows for spectacular natural lighting, and more. The building includes a versatile mix of open industrial space, dedicated office space, and a collaborative conference room. The property was built in 1945 on a 1.14-acre lot, which currently provides on-site parking with 35 parking spaces and prominent frontage with visibility to over 15,000 daily vehicles. Tenant operations are supported by dock and drive-in loading doors, a 24-foot clear height, a heavy power supply, security access, and floor drains.
The sole tenant occupying the property is a well-known Chicago-based beauty supplier, CurlMix. With over $32 million in lifetime revenue and over 260,000 customers worldwide, CurlMix is an established brand on the rise. The company recently entered its products in over 460 Ulta Beauty retail locations, demonstrating its growing reach and reputation.
1000 E 87th Street is situated strategically in the Chicago South industrial submarket near major transportation routes, offering convenience for both local and regional operations. Tenants can easily reach Highway 20 and Interstate 90 in just five minutes, and Interstate 94 in approximately 10 minutes. Public transportation is also readily available, with stops for the Metra Electric Rail Line and CTA bus lines within walking distance. The surrounding area is home to beautiful parks, including Avalon Park and Jesse Owens Park, as well as great retail amenities along the nearby Stony Island Avenue commercial corridor. Employees at the property can quickly reach household name brands, including Walgreens, Dollar Tree, AutoZone Auto Parts, Wendy’s, Subway, and Pizza Hut.
The Chicago South industrial submarket is home to one of the oldest and largest industrial markets in the country. The area is appealing due to its high labor density and interconnectivity to servicing Downtown Chicago and the surrounding submarkets. The submarket’s strategic location is attractive for manufacturing and logistics businesses, requiring quick and easy access to regional and national markets.
Savvy investors can combine strong short-term revenue with unparalleled long-term growth potential with the acquisition of 1000 E 87th Street.
1000 E 87th Street stands out from similar properties with spacious open floor plans, high ceilings, large windows for spectacular natural lighting, and more. The building includes a versatile mix of open industrial space, dedicated office space, and a collaborative conference room. The property was built in 1945 on a 1.14-acre lot, which currently provides on-site parking with 35 parking spaces and prominent frontage with visibility to over 15,000 daily vehicles. Tenant operations are supported by dock and drive-in loading doors, a 24-foot clear height, a heavy power supply, security access, and floor drains.
The sole tenant occupying the property is a well-known Chicago-based beauty supplier, CurlMix. With over $32 million in lifetime revenue and over 260,000 customers worldwide, CurlMix is an established brand on the rise. The company recently entered its products in over 460 Ulta Beauty retail locations, demonstrating its growing reach and reputation.
1000 E 87th Street is situated strategically in the Chicago South industrial submarket near major transportation routes, offering convenience for both local and regional operations. Tenants can easily reach Highway 20 and Interstate 90 in just five minutes, and Interstate 94 in approximately 10 minutes. Public transportation is also readily available, with stops for the Metra Electric Rail Line and CTA bus lines within walking distance. The surrounding area is home to beautiful parks, including Avalon Park and Jesse Owens Park, as well as great retail amenities along the nearby Stony Island Avenue commercial corridor. Employees at the property can quickly reach household name brands, including Walgreens, Dollar Tree, AutoZone Auto Parts, Wendy’s, Subway, and Pizza Hut.
The Chicago South industrial submarket is home to one of the oldest and largest industrial markets in the country. The area is appealing due to its high labor density and interconnectivity to servicing Downtown Chicago and the surrounding submarkets. The submarket’s strategic location is attractive for manufacturing and logistics businesses, requiring quick and easy access to regional and national markets.
Savvy investors can combine strong short-term revenue with unparalleled long-term growth potential with the acquisition of 1000 E 87th Street.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
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-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Chicago - IL USA
Market Cap Rate
Chicago - IL USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.14 AC |
| Rentable Building Area | 34,330 SF |
| Number of Floors | 2 |
| Year Built | 1945 |
| Parking Ratio | 1.02/1,000 SF |
| Clear Ceiling Height | 24 ft |
| No. Dock-High Doors/Loading | 1 |
| Level Access Doors | 1 |
| Zoning | C1-3 - Neighborhood Commercial District |
AMENITIES
- 24 Hour Access
- Bus Route
- Conferencing Facility
- Floor Drains
- Security System
- Storage Space
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score®
Very Walkable (77)
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Chicago
2,705,994
16
0 h 25 m
Indianapolis
867,125
170
3 h 19 m
Detroit
672,662
271
5 h 1 m
Columbus
892,533
308
6 h 36 m
Nashville
669,053
457
8 h 32 m
Memphis
650,618
537
9 h 50 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,539,535
Total Labor Force
719,558
Unemployment Rate
7.38%
Median Household Income
$51,875
Warehouse Employees
121,206
High School Education Or Higher
84.90%
$ values in USD
PROPERTY TAXES
| Parcel Number | 20-35-318-038-0000 | Improvements Assessment | £171,922 |
| Land Assessment | £93,597 | Total Assessment | £265,519 |
SALE ADVISOR
SALE ADVISOR
John Marks, Senior Associate
(773) 814-0802
Contact
John is a land, redevelopment & industrial specialist focusing in the City of Chicago, Western Cook County/O’Hare and Northwest Indiana marketplaces. John is part of a 5 person team that has been involved in over 650 transactions totaling $3.2B+ in value. During his 5 years of multi-faceted industrial real estate experience, John has represented tenants, owners, developers, and institutions in the acquisition and disposition of industrial real estate. Additional responsibilities include new business development, managing client relationships and developing & implementing property marketing strategies.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Derek Rudd
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
