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2414 James St

4,000 SF Industrial Building Blue Island, IL 60406 £234,712 (£59/SF)

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Investment Highlights

Newly Redeveloped From Bottom Up (Roof/Side Walls/HVAC/Plumbing/Electrical/Fire Safety)
6b Real Estate Tax Incentive Approved

Two, Front-Side, 12' Drive-in Doors

Executive Summary

Move your business here. This industrial/warehouse property was fully redeveloped in 2023. Located in Blue Island, IL, the building contains +/-3,500 SF of warehouse and +/-500 SF of office/other. Great opportunity for an owner-user to take occupancy and hit the ground running in a brand new building. This building is currently zoned C-1. This allows for a Commercial Garage and Warehouse Building. This one story building features 16' Ceilings, Two Overhead Doors 12' high. Property Granted 6b Real Estate Tax Incentive in February-2023, which will dramatically reduce taxes for the next 9 years. Photos in listing start with current photos, followed by a detailed look at the full rehab process.

2414 James 6b approval and details no invoice

Offering Memo - 2414 James Street, Blue Island 7-2-24 - 299,000_compressed

Taxes & Operating Expenses (Actual - 2022)	Annual	Annual Per SF
Taxes	£12,591	£3.15
Operating Expenses	£10,990	£2.75
Total Expenses	£23,581	£5.90

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual	£12,591
Annual Per SF	£3.15

Operating Expenses
Annual	£10,990
Annual Per SF	£2.75

Total Expenses
Annual	£23,581
Annual Per SF	£5.90

Property Facts

Price	£234,712	Rentable Building Area	4,000 SF
Price Per SF	£59	Number of Floors	1
Sale Type	Owner User	Year Built/Renovated	1920/2023
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse General Retail Auto Repair Industrial Distribution Light Industrial Data Centre	Clear Ceiling Height	16 ft
Building Class	C	Level Access Doors	2
Lot Size	0.14 AC

Price	£234,712
Price Per SF	£59
Sale Type	Owner User
Property Type	Industrial
Property Subtype	Warehouse General Retail Auto Repair Industrial Distribution Light Industrial Data Centre
Building Class	C
Lot Size	0.14 AC
Rentable Building Area	4,000 SF
Number of Floors	1
Year Built/Renovated	1920/2023
Tenancy	Single
Clear Ceiling Height	16 ft
Level Access Doors	2

Amenities

24 Hour Access
Front Loading

Security System

Air Conditioning

Smoke Detector

Water - City
Sewer - City
Heating - Gas

PROPERTY TAXES

Parcel Number	24-36-408-008-0000	Total Assessment	£22,682 (2024)
Land Assessment	£2,512 (2024)	Annual Taxes	£12,591 (£3.15/sf)
Improvements Assessment	£20,170 (2024)	Tax Year	2022 Payable 2023