375 North AveGlendale Heights, IL 60139

Property Details for 375 North Ave

Year built

1982

Property size (Sq ft)

4,104 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This Glendale Heights, Illinois industrial property presents a compelling investment opportunity. The 4,104-square-foot flex space building, constructed in 1982 and renovated in 2005, boasts a desirable location on North Avenue (Route 64), minutes from I-355. The property features a two-story layout with a 10-foot ceiling height, offering a blend of office and warehouse space. The warehouse area, accessible via a 12-foot drive-in door, comprises over 1,000 square feet and offers expansion potential. The office space includes three private offices on the main floor, a conference room, additional office space on the second floor, and three bathrooms. The open-flow entrance is well-suited for cubicles. This Class B building sits on a 33,000-square-foot lot, and includes an adjacent vacant lot, providing 153 feet of frontage. Currently vacant, the property is available for occupancy August 1, 2024. The asking price is $900,000, representing a current cap rate of 8.20% and a pro-forma cap rate of 5.33%. The net operating income (NOI) is $73,800, with a pro-forma NOI of $48,000. The property is zoned C and has the APN numbers 05-03-202-001 and 05-03-202-002.

Location Insight

City

Glendale Heights

County

DuPage

State

Illinois

Latitude

41.9025

Longitude

-88.0741

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].