8504-8508 S 77th Ave
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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 | Lot Size | 0.46 AC |
Price Per SF | £116 | Rentable Building Area | 5,000 SF |
Sale Type | Investment | Number of Floors | 1 |
Sale Conditions | Portfolio Sale | Year Built | 1980 |
Property Type | Industrial | Parking Ratio | 3/1,000 SF |
Property Subtype | Service | Clear Ceiling Height | 20 ft |
Building Class | B | Level Access Doors | 4 |
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
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PROPERTY TAXES
Parcel Numbers | Total Assessment | £53,049 (2024) | |
Land Assessment | £31,980 (2024) | Annual Taxes | £19,271 (£3.85/sf) |
Improvements Assessment | £21,069 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
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) |
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8504-8508 S 77th Ave
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