9900 Franklin Avenue, Franklin Park, IL
Industrial for Sale - $2,014,000 - 87,080 Sq. Ft. on 2.7 acres
Property Info
| CIMLS# | 1080703 |
| Location 9900 Franklin Avenue Franklin Park IL 60131 | |
| Updated | November 24th, 2020 |
| Type | Industrial |
| Price | $2,014,000 |
| Building | 87,080 Sq. Ft. |
| Land | 2.7 acres |
Property Description
Minimum Bid: $2,014,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
Building Size: Approx. 87,080 SF
Lot Size: Approx. 2.7 Acres
Ceiling Height: 12? – 24?
Drive-In Doors: 8
Docks: 4 – 3 Interior, 1 Exterior
Zoning: C-M; Commercial Manufacturing
Sprinklers: Wet
2019 RE Taxes: $157,986.87
PIN #: 12-21-417-042-0000 (Building)
2019 RE Taxes: $5,837.51
PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)
TOTAL 2019 RE Taxes: $163,824.38
NOI: $228,201.12
Cap Rate: 11.33%
PROPERTY HIGHLIGHTS
• Great Franklin Park landsite
• 2 new highway entrances
• New industrial spec products in market
• Tenants in place
• Heavy power
• Room for rental growth
• Public transportation on Franklin Avenue
• Easy to backfill spaces due to smaller size units and lower rents
• Projected Full Occupancy Net Income $348,568.18
• Net Income Over $228,201.12
• 11.33% Current Cap Rate with 17.30% Projected Cap Rate
• Additional parking across Scott Street
