9865 Leland AveSchiller Park, IL 60176

For Sale
$1,950,000
100% Occupied, High NOI Industrial Investment

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional net-leased industrial property, located in Schiller Park, Illinois, presents a compelling investment opportunity. The property encompasses 25,800 square feet situated on a 1.05-acre lot, and boasts 100% occupancy across four tenants. Three of these tenants have occupied the space since the 1990s, demonstrating remarkable long-term commitment and stability. The property's strategic location near O'Hare International Airport in the highly desirable O'Hare Industrial Submarket provides excellent access to major transportation routes and a robust workforce. Further enhancing its appeal, the roof was completely replaced in 2020, carrying a 20-year warranty, significantly reducing future capital expenditure concerns for the new owner. The existing leases offer a blend of short-term agreements and modified gross structures, presenting a clear path for value enhancement. A savvy investor can capitalize on this by converting leases to triple-net (NNN) structures with future tenants, should vacancies arise. The property generates a substantial net operating income (NOI) of $125,874, making it an attractive addition to any portfolio. The asking price for this exceptional investment is $1,950,000. The property consists of two addresses: 9865 Leland Ave and 4645 25th Ave, both in Schiller Park, IL 60176, within Cook County.

Highlights

  • O'Hare Industrial Submarket location: Rare opportunity near O'Hare International Airport.
  • Long-term occupancy: Four tenants, three since the 1990s.
  • New roof: 2020 replacement with a 20-year warranty.
  • Value-add potential: Short-term, modified gross leases offer conversion to NNN.

Property Details for 9865 Leland Ave

Property type
Warehouses, Industrial properties
Square Feet
25,800 SF
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Schiller Park
County
Cook
State
Illinois
Latitude
41.963621
Longitude
-87.8730039
9865 Leland Ave, Schiller Park, Illinois

FAQs

What type of property is this?
Warehouse - 100% Occupied, High NOI Industrial Investment
Where is the warehouse located?
The property is located at 9865 Leland Ave Schiller Park, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: O'Hare Industrial Submarket location: Rare opportunity near O'Hare International Airport.; Long-term occupancy: Four tenants, three since the 1990s.; New roof: 2020 replacement with a 20-year warranty.
How can I contact the broker?
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9865 Leland Ave
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