310 Melvin DrNorthbrook, IL 60062

Property Details for 310 Melvin Dr

Year built

1972

Property size (Sq ft)

41,606 SF

Property type

Industrial properties

Property subtype

Flex space

Description

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.

Location Insight

City

Northbrook

County

Cook

State

Illinois

Latitude

42.1474

Longitude

-87.8508

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