24322 143Rd StPlainfield, IL 60544

Property Details for 24322 143Rd St

Lot size

1.93 AC

Property type

Industrial properties

APN

06-03-04-408-002

APU

60304408002

Description

This fee-simple industrial property, located at 24322 West 143rd Street in Plainfield, Illinois, presents a compelling investment opportunity. The 20,000-square-foot warehouse, built in 1962 and renovated in 1991, sits on a 1.93-acre lot and is currently 60% occupied with a multi-tenant lease structure. The property boasts a Class C designation, modified lease terms, and features two loading docks, three dock-high doors, and a ceiling height ranging from 12 to 16 feet. Ample parking is provided with 20 spaces. The building is zoned I-1 and benefits from a strategic location, offering frontage along West 143rd Street (10,700 vehicles per day) and proximity to Interstate 55, providing easy access to downtown Chicago. The asking price is $1,750,000, translating to $87.50 per square foot. Currently, 8,000 square feet are available, presenting a value-add opportunity for owner-users or investors seeking to increase rental income. The property benefits from being in the high-income Will County, known for its low taxes. The existing tenant is currently paying below-market rent, creating further upside potential. The property includes three-phase power with 600 amps.

• Alternative Use

  Use

  Valuation

  Residential

  $17,375,280

  Hospitality

  $15,915,664

  Educational

  $13,241,646

  Medical

  $13,697,046

  Retail

  $20,598,116

Location Insight

City

Plainfield

County

Will

State

Illinois

Latitude

41.6232

Longitude

-88.2117

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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