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16420 S Kilbourn Ave

20,013 SF Industrial Building Oak Forest, IL 60452 $1,599,000 ($80/SF)

Investment Highlights

  • HUGE STAND-ALONE WAREHOUSE WITH OFFICE
  • EASY ACCESS TO MAJOR HIGHWAYS
  • NICE OFFICE WITH CENTRAL AIR & LUNCHROOM
  • HAS 2 INTERIOR DOCK & ONE DRIVE IN DOOR
  • 18 FOOT CLEARANCE IN THE WAREHOUSE
  • LOFT IN THE WAREHOUSE FOR MORE STORAGE

Executive Summary

STAND ALONE INDUSTRIAL BUILDING WITH TWO INTERIOR DOCKS AND ONE DRIVE IN DOOR IN OAK FOREST. THE BUILDING IS 20,025 SF WITH ABOUT 4,500 SF OF OFFICE SPACE ON 1.3 ACRE LOT. ZONED I-1 INDUSTRIAL. HAS A MAIN OFFICE, CONFERENCE ROOM, AREA FOR CUBICLES, VESTIBULE, AN IT ROOM, KITCHEN & LUNCH ROOM, BLUEPRINT ROOM, SHOP MGRS OFFICE, 4 BATHROOMS AND STORAGE LOFT AREA. THE CEILING HEIGHT IS 18 FT CLEAR. DEMISING WALL SEPARATES THE WAREHOUSE SPACE FROM THE MANUFACTURING. THE ENTIRE BUILDING IS FIRE SPRINKLERED & FRESHLY PAINTED. HAS COOK COUNTY 6B PROPERTY TAX INCENTIVE IN PLACE WHICH EXPIRES IN 7 YEARS AND IS RENEWABLE. NEW CARPET, CEILING TILES AND WARHOUSE PARTIALLY PAINTED. NEWER LED LIGHTS WITH MOTIONS SENSORS. ALL RACKS AND OFFICE FURNITURE WILL STAY. HAS PLENTY OF PARKING. EASY AND QUICK ACCESS TO I-57, I-80, I-294 AND I-94. THE BUILDING HAS 800 AMP AND 3 PHASE SERVICE.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,599,000
Price Per SF $80
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
Building Class C
Lot Size 1.50 AC
Rentable Building Area 20,013 SF
No. Stories 1
Year Built 1977
Tenancy Single
Parking Ratio 1/1,000 SF
Clear Ceiling Height 18 FT
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

Amenities

  • 24 Hour Access
  • Front Loading
  • Mezzanine
  • Security System
  • Signage
  • Skylights
  • Storage Space
  • Monument Signage
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 28-22-424-004-0000
  • 28-22-424-003-0000
  • 28-22-424-014-0000
Land Assessment
$39,550 (2024)
Improvements Assessment
$48,900 (2024)
Total Assessment
$88,450 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024

zoning

Zoning Code I-1 (ZONING ALLOWS FOR MANY LIGHT INDUSTRIAL USES WITH SPECIAL USES AS WELL)
I-1 (ZONING ALLOWS FOR MANY LIGHT INDUSTRIAL USES WITH SPECIAL USES AS WELL)
  • Listing ID: 34146346

  • Date on Market: 12/10/2024

  • Last Updated:

  • Address: 16420 S Kilbourn Ave, Oak Forest, IL 60452

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