8256 Grand AveRiver Grove, IL 60171

  • Industrial properties
  • 3,150 SF
For Sale
$400,000 View listing

Property Details for 8256 Grand Ave

Year built
1971
Lot size
0.14 AC
Property size (Sq ft)
3,150 SF
Property type
Industrial properties
APN
12-26-403-019
APU
1226403019

Description

This exceptional 3,700-square-foot refrigerated warehouse, located at 8256 W. Grand Ave in River Grove, Illinois (zip code 60171), presents a unique investment opportunity. The property sits on a 0.14-acre lot and is classified as a Class B industrial building constructed in 1974. The single-tenant building offers ample space for cold storage operations, featuring a ceiling height ranging from 8 to 11 feet. Convenient loading and unloading are facilitated by two loading docks and two drive-in doors. The electrical service is robust, providing 200 amps at 120/240 volts, with 3-phase power available. The property currently has 3,700 square feet of vacant space ready for immediate occupancy. Existing freezers and coolers are in place, although a bonus 40-foot refrigerated ocean container (not included in the square footage) is also available. This Cook County location offers easy access to major transportation routes, making it an ideal location for businesses requiring efficient cold chain logistics. The property's features make it suitable for a variety of cold storage and distribution needs. This is a rare opportunity to acquire a well-located, functional refrigerated warehouse in a desirable market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,085,327
    Hospitality
    $994,153
    Educational
    $827,124
    Medical
    $855,570
    Retail
    $1,286,637

Location Insight

City
River Grove
County
Cook
State
Illinois
Latitude
41.9285
Longitude
-87.833
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,450
$16,015
$45,337
$61,352
-
$64,060
$181,348
$245,408

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