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8504-8508 S 77th Ave

5,000 SF 100% Leased Industrial Building Bridgeview, IL 60455 £581,088 (£116/SF)

Investment Highlights

  • 2 HYDRAULIC LIFTS
  • VACANT LOT INCLUDED
  • 3 SEPARATE PINS FOR ADJACENT PARCELS

Executive Summary

Amazing opportunity to acquire a multi-tenant industrial property, along with the adjacent corner Vacant Lot. Both properties are zoned Light Industrial. The building is a total of just under 10,000 SF. It is brick construction and 1 story. The currently use consists of 2 identical 2,500 Square Foot spaces, both with separate bathrooms, offices and loft spaces. There is an adjoining door if a new owner would like to combine both spaces into one. There is also a main entrance vestibule with an additional reception/office space. The entire property has a fire sprinkler system and new LED lighting has also been installed. There are a total of (4) roll up service doors. 2 commercial hydraulic lifts are also included at this price. The flat, rubber membrane roof is only a couple years old. All mechanicals are in great working order. The owner has successfully operated in one space as a mechanic business for 30 years. The neighboring space is currently leased for $2,500/month by a contractor company. The vacant lot is currently utilized by both tenants as storage for heavy machinery. The lot has a ton of potential. The direct neighborhood is full of shipping and supportive industrial businesses. The property has 3 separate PINS included: 8500 S. 77TH AVE: 18363180130000; 8504 S. 77TH AVE: 18363180140000; 8508 S. 77TH AVE: 19363180150000.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £24,045 £4.81
Other Income - -
Vacancy Loss - -
Effective Gross Income £24,045 £4.81
Taxes £19,271 £3.85
Operating Expenses - -
Total Expenses £19,271 £3.85
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £24,045
Annual Per SF £4.81
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £24,045
Annual Per SF £4.81
Taxes
Annual £19,271
Annual Per SF £3.85
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £19,271
Annual Per SF £3.85
Net Operating Income
Annual -
Annual Per SF -

Property Facts Under Contract

Price £581,088
Price Per SF £116
Sale Type Investment
Sale Conditions Portfolio Sale
Property Type Industrial
Property Subtype Service
Building Class B
Lot Size 0.46 AC
Rentable Building Area 5,000 SF
Number of Floors 1
Year Built 1980
Parking Ratio 3/1,000 SF
Clear Ceiling Height 20 ft
Level Access Doors 4

Amenities

  • Floor Drains
  • Signage
  • Roof Lights
  • Reception

Utilities

  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-36-318-014-0000
  • 18-36-318-015-0000
Land Assessment
£31,980 (2024)
Improvements Assessment
£21,069 (2024)
Total Assessment
£53,049 (2024)
Annual Taxes
£19,271 (£3.85/sf)
Tax Year
2023

zoning

Zoning Code X (LIGHT INDUSTRIAL)
X (LIGHT INDUSTRIAL)
  • Listing ID: 32393579

  • Date on Market: 09/07/2024

  • Last Updated:

  • Address: 8504-8508 S 77th Ave, Bridgeview, IL 60455

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