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13747 S Western Ave 15,825 SF 64% Leased Industrial Building Blue Island, IL 60406 $1,940,329 CAD ($122.61 CAD/SF) 7.56% Cap Rate
INVESTMENT HIGHLIGHTS
- The property has been fully renovated in 2022
- The owner would consider a Sale/Leaseback
- Current income is $10,000 per month
EXECUTIVE SUMMARY
This industrial property has undergone a comprehensive renovation throughout. Some of the upgrades include twelve fully functional large executive offices, insulated ceilings, updated bathrooms, an HVAC system, a security system, and a sprinkler system, all of which have been approved by the City of Blue Island. Additionally, there are 5,000 square feet of warehouse space in the rear, which is currently leased to an outside vendor.
The twelve offices are capable of housing the operations of any mid-sized or large business. Additionally, there’s a fully functional kitchen and lunch room area. The property is currently used as a trucking company operation. The total rentable area is 15,825 square feet, zoned for light industrial use. The building has been fully renovated with quality materials, and all upgrades have been inspected and approved by the City of Blue Island.
The land area is 75,347 square feet. There are five large truck bays, which are 14’ X 12’; all bays are insulated. The property currently generates an additional income stream from the 5,000-square-foot warehouse space located at the rear of the building, as well as four of the truck bays, totaling $10,000 per month. The property has additional income potential for leasing the lot to a tractor-trailer operator. The property can be used for the operations of a primary business, leased to a subset of companies, or a combination of both.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$167,510
|
$10.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,510
|
$10.59
|
| Taxes |
$26,993
|
$1.71
|
| Operating Expenses |
$20,771
|
$1.31
|
| Total Expenses |
$47,764
|
$3.02
|
| Net Operating Income |
$119,746
|
$7.57
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $167,510 |
| Annual Per SF | $10.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $167,510 |
| Annual Per SF | $10.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,993 |
| Annual Per SF | $1.71 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,771 |
| Annual Per SF | $1.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,764 |
| Annual Per SF | $3.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $119,746 |
| Annual Per SF | $7.57 |
PROPERTY FACTS
| Price | $1,940,329 CAD | Rentable Building Area | 15,825 SF |
| Price Per SF | $122.61 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1992 |
| Cap Rate | 7.56% | Parking Ratio | 10/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.73 AC | ||
| Zoning | I1 - Limited Industrial District | ||
| Price | $1,940,329 CAD |
| Price Per SF | $122.61 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.56% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.73 AC |
| Rentable Building Area | 15,825 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Parking Ratio | 10/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | I1 - Limited Industrial District |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Professional, Scientific, and Technical Services
- -
- -
- -
Engineered Components Company, or ECC, is a privately-owned fastener supplier and fastener distributor of standard and per print specialty fasteners. We also distribute a multitude of other components that are utilized by original equipment manufacturers worldwide. Our Anchor Bolt division provides these products to countless fastener companies that operate in a range of industries, from coast to coast. Founded in 1983, ECC has continually grown in the areas of technology, market share and acquisition. Our highly-trained and tenured sales staff offers an unparalleled level of technical knowledge, service and personality. Additionally, with stocking warehouses located across the country that support a variance of VMI and in-plant material management programs, we have the ability to respond rapidly – and effectively – to our customers’ needs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Professional, Scientific, and Technical Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Five thousand seven hundred square feet of light industrial space is available! The space offers three executive offices and an executive conference room that can be used per request. Each office is 250 square feet and air-conditioned. Also, there's a lunchroom area that can be accessed upon request. The space offers 14' ceilings, one 12'X8' overhead door, painted floors, and overhead heating. Also, there's a fire sprinkler system in the ceiling. The space is in excellent condition; it's zoned I1 (light industrial). The heat and electricity are included in the rent for light industrial use. The total building rentable area is 15,825 square feet, and the total lot size is 75,000 square feet. The facility is used as a large trucking company. The building is located on the main thoroughfare of Western Ave.
| Space | Size | Space Use | Condition | Available |
| Ground | 5,700 SF | Industrial | Full Build-Out | Now |
Ground
| Size |
| 5,700 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ground
| Size | 5,700 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Five thousand seven hundred square feet of light industrial space is available! The space offers three executive offices and an executive conference room that can be used per request. Each office is 250 square feet and air-conditioned. Also, there's a lunchroom area that can be accessed upon request. The space offers 14' ceilings, one 12'X8' overhead door, painted floors, and overhead heating. Also, there's a fire sprinkler system in the ceiling. The space is in excellent condition; it's zoned I1 (light industrial). The heat and electricity are included in the rent for light industrial use. The total building rentable area is 15,825 square feet, and the total lot size is 75,000 square feet. The facility is used as a large trucking company. The building is located on the main thoroughfare of Western Ave.
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13747 S Western Ave
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