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Main Channel Parcel 35.04 7499 Canal Bank dr

12.8 Acres of Industrial Land for Lease in Summit, IL 60501

Highlights

  • Near I-55 and Harlem Avenue
  • Barge dock access

Lot Available

Display Rental Rate as

Rental Rate
  • $0.50 /SF/YR
  • $0.04 /SF/MO
  • $5.41 /m²/YR
  • $0.45 /m²/MO
  • $23,333 /MO
  • $280,000 /YR
Lease Term 5 - 39 Years
Lot Size 12.80 AC

12.8± acres (approximately 80% usable/developable) with 2,200± linear feet of water frontage; near I-55 and Harlem Avenue; well suited for industrial use. The property is improved with two concrete warehouses. Each warehouse is a one-story industrial building comprised of 42,354 square feet and 78,502 square feet gross building area, respectively. The warehouse space has 17’ clear height, seven grade doors, 14 rail doors, and three loading docks. Access to a barge dock and railroad spur available.

Rental amount is an estimate based upon a 2022 appraisal. Lease is subject to the competitive bidding process set forth in the MWRD ACT (70 ILCS 2605/8c) and must be approved by the MWRD Board of Commissioners. Please note that the MWRD is a local government entity and does not pay any brokerage fees or commissions.

Property Overview

Property is zoned for light industrial use. Warehouses may be demolished by tenant if desired.

PROPERTY FACTS

Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
Cross Streets Harlem Ave & I-55
  • Listing ID: 32161478

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 7499 Canal Bank dr, Summit, IL 60501

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