23040 Eames StChannahon, IL 60410

Property Details for 23040 Eames St

Year built

2004

Construction

FRAME

Lot size

6.16 AC

Property size (Sq ft)

15,432 SF

Property type

Commercial real estate

APN

05-06-35-300-008

APU

50635300008

Description

This exceptional investment opportunity presents a multi-tenant warehouse complex located at 23040 W Eames St, Channahon, IL 60410. The property boasts a total of 21,741 square feet across four buildings situated on a 6.16-acre lot. Built in 2004, this property offers significant upside potential with current tenants on short-term leases and rents below market rates. The property enjoys a strategic location near Union Pacific Rail Terminals, providing easy access to major transportation routes, including convenient access to I-55. The 4.94% cap rate and $296,400 pro-forma NOI demonstrate strong investment potential. The property features newly paved industrial outdoor storage, offering ample space for various industrial needs. This submarket exhibits high entry barriers and a low vacancy rate, making this a rare and valuable opportunity for investors seeking value growth. The zoning allows for a variety of industrial and commercial uses, providing flexibility for future development or expansion. The current tenant situation allows for the negotiation of higher rents, further enhancing the return on investment. This property is an ideal choice for investors seeking a high-yield, strategically located industrial asset with significant upside potential. The asking price is $5,999,999, with a price per square foot of $275.98.

Location Insight

City

Channahon

County

Will

State

Illinois

Latitude

41.4706

Longitude

-88.1748

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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