1401 S Circle Ave
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1401 S Circle Ave
45,000 SF 80% Leased Industrial Building Forest Park, IL 60130 £2,934,188 (£65/SF) 7.52% Net Initial Yield
Investment Highlights
- Fully Leased with Long-Term Tenants in place.
- 2 docks, 3 drive-in doors and 30 parking spaces.
- Close to I-290 and Harlem Blue Line Station.
- 45,000 SF Industrial Building on 2.019 Acres in Forest Park.
- Tenants include gymnastics center, silk-screen printer, MMA gym and sports store.
- Walmart, Walgreens, Jewel-Osco, Forest Park Plaza and North Riverside Park Mall all close by.
Executive Summary
Excellent investment opportunity in an affluent suburb with long-term tenants in place. This fully-leased 45,000 SF industrial building sits on 2.019 acres in Forest Park. The property offers 2 docks, 3 drive-in doors, and 30 parking spaces. Current tenants include a gymnastics center, silk-screen printing business, MMA gym, and a sportswear store. Conveniently located near I-290 and a variety of amenities such as Walmart, Costco, and the Harlem Blue Line station.
Property Facts
| Price | £2,934,188 | Rentable Building Area | 45,000 SF |
| Price Per SF | £65 | Number of Floors | 2 |
| Sale Type | Investment | Year Built | 1977 |
| Net Initial Yield | 7.52% | Parking Ratio | 0.67/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 19 ft |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | Level Access Doors | 3 |
| Lot Size | 5.58 AC |
| Price | £2,934,188 |
| Price Per SF | £65 |
| Sale Type | Investment |
| Net Initial Yield | 7.52% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.58 AC |
| Rentable Building Area | 45,000 SF |
| Number of Floors | 2 |
| Year Built | 1977 |
| Parking Ratio | 0.67/1,000 SF |
| Clear Ceiling Height | 19 ft |
| No. Dock-High Doors/Loading | 2 |
| Level Access Doors | 3 |
Utilities
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Fl-Ste 200
- 4,500-9,000 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 4,500-9,000 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 4,500-9,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 15-24-205-026-0000 | Improvements Assessment | £211,336 |
| Land Assessment | £98,101 | Total Assessment | £309,437 |
PROPERTY TAXES
Parcel Number
15-24-205-026-0000
Land Assessment
£98,101
Improvements Assessment
£211,336
Total Assessment
£309,437
zoning
| Zoning Code | I-1, Forest Park |
| I-1, Forest Park |
-
Adam Schneiderman, SIOR -
Strauss Realty
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1401 S Circle Ave
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