IMMEDIATE CASH FLOW ON DAY 1 FROM THIS INCOME-PRODUCING, EASY MONEY ARM-CHAIR INVESTMENT BUILDING! FULLY LEASED, 12 UNIT COMMERCIAL INDUSTRIAL (2 BUILDINGS=22,000 SF) IN LINE HUGE FRONTAGE ALONG WIRETON ROAD IN THE BUSY TRAFFIC AREA NEAR 127TH & KEDZIE, BLUE ISLAND. THE PROPERTY DELIVERS STEADY CASH FLOW FROM ESTABLISHED, TENANTS AND BENEFITS FROM EXCELLENT VISIBILITY AND STRONG ON-SITE PARKING. (MANY LEASES OF APPROX 14,000 SF "UNDER MARKET" CAN BE RENEWED WITHIN 2 YEARS NEGOITATED UP TO $1.50-$3.00PSF TO BRING TO CURRENT MARKET) MOST UNITS HAVE RECENTLY BEEN UPGRADED AND MEET ALL CITY OF BLUE ISLAND CODE REQUIREMENTS. ALL ARE SUCCESSFUL, STABLE OPERATORS. KEY RECENT CAPITAL IMPROVEMENTS INCLUDE NEWER ROOF REPLACED TWO YEARS AGO. CALL TODAY FOR FINANCIALS AND TO SCHEDULE A TOUR OF THIS GREAT INCOME PRODUCER IN ONE OF BLUE ISLANDS MOST POPULAR INDUSTRIAL CORRIDORS.
| MLS # | 12648338 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 155 |
| Listing Provided By | Coldwell Banker Realty | Charles Groebe |
| SQ Feet | 22,000 |
|---|---|
| Story(s) | 1 |
| Units | 10 |
| Zoning | COMMR |
| Acreage | 1.07 |
| Cooling | Central Air, Office Only |
|---|
| Roof | Membrane |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Concrete, Block, Steel Siding |
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available |
|---|---|
| Electric | Service - 201 to 600 Amps, Three Phase |
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 70764 |
| State | IL |
|---|---|
| County | Cook |
| City | Blue Island |
| Zip Code | 60406 |
| Area | Blue Island |
| Listing VS Median (in 60406) | |
Price: $1,449,000 low | high Med: $217,000 sqft: 22,000 low | high Med: 3,260 $ / sqft: $66 low | high Med: $105 On site: 155 low | high Med: 26.5 | |
| State | IL |
|---|---|
| County | Cook |
| City | Blue Island |
| Zip Code | 60406 |
| Area | Blue Island |
| Listing VS Median (in 60406) | |
Price: $1,449,000 low | high Med: $217,000 sqft: 22,000 low | high Med: 3,260 $ / sqft: $66 low | high Med: $105 On site: 155 low | high Med: 26.5 | |