SQUARE FEET35,900
MLS#12570028
STATUSActive
PROPERTY TYPECommercial - Industrial
Property Description
Strauss Realty, Ltd. is pleased to present 14600 Kilpatrick Avenue, a multi-tenant industrial investment opportunity in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet and 42 individual units, currently 90.5% leased. Building 1 (Units 1-14) includes approximately 9,800 SF, with units averaging 700 SF each. Building 2 (Units 15-42) totals approximately 26,100 SF, with units averaging 900 SF, including several combined spaces. A shared, secured restroom is located between Units 16 and 17. Offered at $3,450,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 8.98% cap rate, with stable in-place income and potential for future rental growth. Recent capital improvements include demising select double units into single units, installation of bollards around gas meters, implementation of a mastered key system (GoldyLocks), and new heaters in select spaces. Ownership is currently completing installation of a required fire alarm system per the Village.
Property Features
Property Type: Commercial - Industrial
Cooling: None
Lot Size: 1.62 Acres
Stories: 1.0
Feature Descriptions
Days on Site: 21
Electric: Other
Fire Protection: Alarm On Site
HVAC: Gas
Lot Dimensions: 234x301
Parcel#: 28101160680000
Units: 42
Listed By / Shown By
Listed By
Agency Name: Strauss Realty Ltd
Agency Phone: 773-736-3600
Shown By
Agent Name: Dale Williams
Agent Phone: Cell: (815) 519-2243
Agency Title: Gambino Realtors
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14600 Kilpatrick Avenue | MLS# 12570028
This commercial property located at 14600 Kilpatrick Avenue, Midlothian, IL 60445 is currently listed for sale with an asking price of $3,450,000. Search Midlothian real estate on dwilliams.gogambino.com today.