SVN Industrial is excited to offer for sale a great investment opportunity to acquire a multi-tenant, mixed use industrial property located in the growing area of Humboldt Park on Chicago's west side. The property is situated on 6.5+ acres and consists of 4 buildings of approximately 264,090 square feet of space for various types of industrial tenants including auto repair, auto body and office furniture renovation and sales

The property is currently being utilized for auto services, office and warehouse with 5-+ tenants on month-to-month leases. There is an on-going waiting list of tenants desiring space for their business in the building, therefore the owner has decided that doing more than month -to- month leases has not been needed due to the demand for space. Additionally, the owner will manage the property for the term of their occupancy with new ownership for a 5% management fee.

There are 3 train stops located within a mile of the property plus several major retail centers such as Menard's (immediately adjacent), Walmart and Home Depot that are all located less than a mile from the subject property. The complex is conveniently located 8 miles from downtown Chicago, just 2.5 miles north of I-290, and 4.5 miles west of I-90/I-94. The property is also located 12 miles (or less) from both O'hare and Midway Airports.

Humboldt Park is due west of downtown Chicago and was named for the 219 acre park that opened in 1877 and is central to the community. Humboldt Park is a great example of a neighborhood in transition as development is starting to move west from neighboring communities creating a much larger demand for all kinds of commercial property in the area.

Additionally, the area's completion of the first phase of the 3 mile long 606 Train in 2015 that offers walking, biking, and public parks just north of the subject property. The Trail has become a destination for locals and tourists alike which in turn positively effects the real estate in the area.

This investment is ideal for an investor seeking a high cash flow, low price per foot, highly tolerant tenancy, significant land in a developing and improving location with long term upside.

Location Description:

Situated in Humboldt Park due west of downtown Chicago which is named for the 219 acre park that opened in 1877 and is central to the community. Humboldt Park is a great example of a neighborhood in transition as development is starting to move west from neighboring communities creating a much larger demand for all kinds of commercial property in the area.

There are 3 train stops located within a mile of the property not to mention major retail centers, such as Menards, Walmart and Home Depot are all located with in a mile of 1334 N Kostner Ave. The property is conveniently located 8 miles from downtown Chicago, just 2.5 miles north of I-290 and 4.5 miles west of 1-90/94. It is also located 12 miles or less from both O'hare and Midway International Airports.

Highlights:

>> 4 buildings for a total of over 264,000 square feet on 6.5+ acres

>> Great investment property with NOI of $830+ annually

>> 100% occupied with waiting list of tenants

>> 17,400 daily traffic count & easy access to interstate 290 and 90/94

>> Seller is committed to a multi-year 2nd floor lease of 70,000 SF

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