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8035 Austin Ave

35,360 SF 60% Leased Industrial Building Morton Grove, IL 60053 $2,825,000 ($80/SF)

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Investment Highlights

Owner-User Industrial Opportunity | Warehousing, Wholesaling, and Service businesses welcomed
Stabilized income-producing property
Nearby Major Roadways: I-94 via Touhy Ave & Dempster St, I-294 via Touhy Ave & Dempster St, Chicago CBD 17 mi, ORD Airport 8.5 mi & MDW Airport 24 mi

Some Retail uses permitted that service Industrial uses | A new roof was installed in 2023
Excellent accessibility to the Interstate system, Oakton Avenue, Dempster Street, Golf Road, and Waukegan Road
Shore Community Services will have invested over $1 million after their facility improvements are completed

Executive Summary

This 35,360 SF industrial property, built in 1964, offers an attractive opportunity for investor-owners seeking a combination of operational space and passive income. With existing tenants in place, the property provides immediate rental income while allowing for flexible usage.
Owner-User Space: 14,355 SF available for your business operations.
Income Potential: Existing tenants ensure steady cash flow and mitigate holding costs.
Zoning: M-1, suitable for light manufacturing, warehousing, and various commercial uses.
Prime Location: Strategically positioned in the Chicago metro area, benefiting from excellent access to regional transportation and business networks.
This property balances the advantages of a functional industrial space with the financial benefits of rental income. A rare opportunity to enhance your portfolio with a versatile asset that supports both business operations and long-term investment goals.

Sale OM

Property Facts

Price	$2,825,000	Rentable Building Area	35,360 SF
Price Per SF	$80	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1964
Property Type	Industrial	Parking Ratio	1.87/1,000 SF
Property Subtype	Warehouse Industrial Manufacturing	Clear Ceiling Height	17 FT 6 IN
Building Class	B	No. Dock-High Doors/Loading	2
Lot Size	1.89 AC	No. Drive In / Grade-Level Doors	1

Price	$2,825,000
Price Per SF	$80
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Industrial Manufacturing
Building Class	B
Lot Size	1.89 AC
Rentable Building Area	35,360 SF
No. Stories	1
Year Built	1964
Parking Ratio	1.87/1,000 SF
Clear Ceiling Height	17 FT 6 IN
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	1