$655,000
$725,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
5,000 SqFt
SOLD DATE : 02/24/2025
Key Details
Sold Price $655,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $131
MLS Listing ID 12105812
Sold Date 02/24/25
Year Built 1980
Annual Tax Amount $11,418
Tax Year 2023
Lot Size 10,890 Sqft
Lot Dimensions 50X125
Property Sub-Type Industrial
Property Description
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 around 5000 sq ft. It is brick construction and 1 story. The current 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. 8504 S. 77th Avenue (Business) - PIN 18363180140000; 8508 S 77th Avenue (Business) - PIN 18363180150000; 8500 S. 77th Avenue (Vacant Corner Lot) - PIN 18363180130000
Location
State IL
County Cook
Zoning INDUS
Interior
Cooling Exhaust Fan
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick
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Bought with Virginia Vasey • Berkshire Hathaway HomeServices KoenigRubloff
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