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729 Lunt Ave
Schaumburg, IL 60193

Industrial Property For Sale

Investment Highlights

  • (2) Drive in Doors (12'x10'); (2) loading suppressed dock doors (14'x10"; (1) wide drive in door (14'x10')
  • Newer steel truss roof with a 20-year warranty and six new furnaces were replaced in the last several years.
  • Over head Crane
  • Expansion opportunity of 10,000 square foot building on the north / east side of the building.

Executive Summary

The subject property consists of approximately 119,740 +/- square feet or 2.75 acres +/- of improved land with a two-story industrial building. The northwest section at the front of the building enjoys a second floor of finished commercial offices approximately 6,000 +/- square feet, with similar commercial office space on the first floor 1,000 +/- square feet. Currently the building is a single user, with a building area of 38,000 +/- square feet consisting of roughly 31,000 +/- square feet warehouse space that has 17’.6” to 21’.7” +/- clear ceiling height.
The building enjoys overhead cranes, big power and is sprinklered throughout. The property includes 5 exterior overhead doors: drive-in (two) - 12’ by 10’ wide and – (two) 14’ by 10’ wide loading suppressed dock doors and (one) - 14’ by 10’ wide drive-in door. The property is on a concrete slab with masonry block exterior walls with brick facade. The building is constructed of steel truss with a new roof several years ago with a 20-year warranty. The HVAC building has gas fired forced air and central air conditioning/heat for the office. AC is available in the warehouse but is not hooked-up. Six new furnaces were replaced in the last several years. Extensive air filtration system inside warehouse and building (available if desired).
The property has an asphalt paved parking lot with ample parking for roughly 100 cars +/- with excellent lighting. The property is conveniently located close to the highway system. Expansion opportunity of 10,000 square foot building on the north/east side of the building.

PROPERTY FACTS

Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Light Industrial Light Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class B
Lot Size 2.75 AC
Rentable Building Area 38,000 SF
Number of Floors 2
Year Built 1970
Tenancy Single
Parking Ratio 2.63/1,000 SF
Clear Ceiling Height 22 ft
No. Dock-High Doors/Loading 2
Level Access Doors 3

Amenities

  • Front Loading
  • Security System
  • Signage
  • Yard
  • Reception
  • Air Conditioning

Utilities

  • Lighting
  • Gas - Natural
  • Water - City Water
  • Sewer - City Sewer
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07-33-202-068-0000
  • 07-33-202-083-0000
Land Assessment
£109,220
Improvements Assessment
£295,691
Total Assessment
£404,911

zoning

Zoning Code M-1
M-1
  • Listing ID: 28815405

  • Date on Market: 21/06/2023

  • Last Updated:

  • Address: 729 Lunt Ave, Schaumburg, IL 60193

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