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5400 W 111th St

6,932 SF Industrial Building Oak Lawn, IL 60453 $785,000 ($113/SF)

Investment Highlights

  • ON FRONTAGE ROAD OFF HEAVY TRAFFIC MAIN ARTERIAL ROAD
  • CLOSE TO I294 & I57
  • LARGE FENCED LOT & 8 CAR EXTERIOR PARKING SPOTS
  • WELL MAINTAINED BUILDING

Executive Summary

Well maintained building located in an industrial zoned area of Oak Lawn. Property has full kitchen, 4 bathrooms, 2 offices, lounge room for employee's, 3 ample sized storage rooms, 2 warehouse/garage area/storage area, dock with overhead door, fenced lot and is located on a frontage road off high traffic and busy 111th Street. Close to I294 and I57. Variable use case for this location from service, repair shop, storage usage, industrial.
Warehouse #1: approx. 3965 sq. ft. with 21' ceiling
Warehouse #2 approx. 1461 sq. ft. with 16' ceiling
Office space is approx. 1500 sq. ft.
New HVAC 2016
New Roof 2017
New Hot Water Tank 2024
Other updates completed during ownership.
No owner financing. SOLD AS-IS

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

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

Property Facts Under Contract

Price $785,000
Price Per SF $113
Sale Type Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • Industrial Manufacturing
  • Industrial Service
Building Class C
Lot Size 0.76 AC
Rentable Building Area 6,932 SF
No. Stories 1
Year Built 1952
Tenancy Single
Parking Ratio 1.15/1,000 SF
No. Dock-High Doors/Loading 1

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Floor Drains
  • Yard
  • Storage Space
  • Fluorescent Lighting
  • Air Conditioning
  • Smoke Detector

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-16-300-014-0000
Land Assessment
$41,266 (2023)
Improvements Assessment
$101,291 (2023)
Total Assessment
$142,557 (2023)

zoning

Zoning Code I (INDUSTRIAL (5-93))
I (INDUSTRIAL (5-93))
  • Listing ID: 31577886

  • Date on Market: 4/22/2024

  • Last Updated:

  • Address: 5400 W 111th St, Oak Lawn, IL 60453

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