143 154Th StSouth Holland, IL 60473

Property Details for 143 154Th St

Year built

1969

Lot size

1.47 AC

Property type

Industrial properties

APN

29-16-205-121

APU

2916205121

Description

This exceptional 44,000-square-foot industrial property, located at 143 W. 154th Street in South Holland, Illinois (zip code 60473), presents a unique investment opportunity. The building, constructed in 1972 and extensively renovated in 2022, boasts a substantial 21,000 square feet of cooler/freezer space, ideal for food storage or similar temperature-sensitive operations. The property sits on a 1.56-acre lot and is zoned for light industrial use, offering flexibility for various businesses. The asking price is $4,100,000, translating to a price per square foot of $93.18. The building features a 100% occupancy rate and a pro-forma cap rate of 6.40%. Three loading docks facilitate efficient loading and unloading operations, while an 18-foot ceiling height provides ample storage space. The sale includes a leaseback option for the seller, offering a potential 5-7 year lease term (specific terms available upon request). This NNN lease structure, with a single tenant, minimizes management responsibilities for the buyer. This is a turnkey operation in a prime location within Cook County, Illinois, offering a strong return on investment and a secure leaseback arrangement. The property's recent renovation ensures modern functionality and efficiency, making it an attractive proposition for discerning investors seeking a stable, high-performing asset.

Location Insight

City

South Holland

County

Cook

State

Illinois

Latitude

41.615

Longitude

-87.6219

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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