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5680 N Northwest Hwy 14,000 sq ft Industrial Property Chicago, IL 60646 £897,636 (£64.12/sq ft) 7.51% Net Initial Yield
INVESTMENT HIGHLIGHTS
- In close proximity to O'Hare
EXECUTIVE SUMMARY
Perfect 1031 or armchair investment opportunity. Building is occupied by long term tenant, Chicago School of Woodworking for 10 years. They have been in business for almost 20 years and they just extended the lease until 2030. The roof was completely torn off and replaced in 2021 and a new heating system was installed in 2023.
14,000 sq.ft. single story Industrial Building includes 1,600 sf office. New shop windows, new interior paint, and A/C in office. 12' ceiling height, 800 amp/3 phase power. 1 interior recessed dock (12'w x 14'h) with levelator.
NOI $90,127.00
Blocks from I-90 and minutes from O'Hare International Airport.
14,000 sq.ft. single story Industrial Building includes 1,600 sf office. New shop windows, new interior paint, and A/C in office. 12' ceiling height, 800 amp/3 phase power. 1 interior recessed dock (12'w x 14'h) with levelator.
NOI $90,127.00
Blocks from I-90 and minutes from O'Hare International Airport.
PROPERTY FACTS
| Price | £897,636 | Total Plot Size | 0.34 ac |
| Price per sq ft | £64.12 | Net Internal Area (NIA) | 14,000 sq ft |
| Sale Type | Investment or Owner Occupier | No. Floors | 1 |
| Yield | 7.51% | Year Built | 1951 |
| Sale Condition | 1031 Exchange | Tenancy | Single |
| Property Type | Industrial | Eaves Height | 12 ft |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
| Costar Property Class | C | ||
| Use Class | M1-1, Chicago - M1-1, Chicago | ||
| Price | £897,636 |
| Price per sq ft | £64.12 |
| Sale Type | Investment or Owner Occupier |
| Yield | 7.51% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Costar Property Class | C |
| Total Plot Size | 0.34 ac |
| Net Internal Area (NIA) | 14,000 sq ft |
| No. Floors | 1 |
| Year Built | 1951 |
| Tenancy | Single |
| Eaves Height | 12 ft |
| No. Dock-High Doors/Loading | 1 |
| Use Class | M1-1, Chicago - M1-1, Chicago |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
1 1
Walk Score®
Easily Walkable (77)
PROPERTY TAXES
| Parcel Number | 13-05-327-024-0000 | Improvements Assessment | £116,149 |
| Land Assessment | £40,938 | Total Assessment | £157,087 |
PROPERTY TAXES
Parcel Number
13-05-327-024-0000
Land Assessment
£40,938
Improvements Assessment
£116,149
Total Assessment
£157,087
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5680 N Northwest Hwy
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