For Sale
$4,100,000

310 Melvin Dr Northbrook, IL 60062

High-Occupancy Industrial Flex Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a portfolio of four single-story industrial flex buildings totaling 41,606 square feet situated on Melvin Drive in Northbrook, Illinois. Built in 1972, the property boasts 22 individual flex units, offering a diverse range of spaces for various business needs. The buildings feature a desirable 11-12 foot ceiling height, providing ample vertical space for storage and operations. Currently enjoying 98% occupancy, this property offers a strong, stable income stream. The asking price is $4,100,000, translating to $98.54 per square foot and $186,364 per unit. In addition to the flex units, the property includes a 3,072 square foot storage garage equipped with eight overhead doors, further enhancing its versatility and appeal. Located in Cook County, Illinois, with a zip code of 60062, this property benefits from a prime location in Northbrook. This is an ideal investment for those seeking a well-maintained, high-occupancy industrial flex portfolio with significant potential for future growth and returns. The property's strong occupancy rate and desirable location make it a compelling investment opportunity in the thriving Northbrook market.

Highlights

  • Four single-story industrial flex buildings totaling 41,606 square feet in Northbrook, IL.
  • 22 individual flex units with 11-12 foot ceilings.
  • 98% occupancy, generating strong income.
  • Asking price: $4,100,000 ($98.54/SF, $186,364/unit).
  • Includes a 3,072 SF storage garage with eight overhead doors.
  • Located in a prime Northbrook, IL (60062) location.

Property Details for 310 Melvin Dr

Property type
Industrial properties, Flex space
Square Feet
41,606 SF
Year Built
1972
Buildings
4
Stories
1
Units
22

Location Insight

City
Northbrook
County
Cook
State
Illinois
Latitude
42.147365154603
Longitude
-87.850769976527
310 Melvin Dr, Northbrook, Illinois

FAQs

What type of property is this?
Industrial property - High-Occupancy Industrial Flex Portfolio
Where is the industrial property located?
The property is located at 310 Melvin Dr Northbrook, IL.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Four single-story industrial flex buildings totaling 41,606 square feet in Northbrook, IL.; 22 individual flex units with 11-12 foot ceilings.; 98% occupancy, generating strong income.
How can I contact the broker?
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310 Melvin Dr
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