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1401 S Circle Ave 45,000 SF 90% Leased Industrial Building Forest Park, IL 60130 $4,793,985 CAD ($106.53 CAD/SF) 7.46% Cap Rate
Investment Highlights
- Investment Opportunity
- Tenants include Gymnastics Center, MMA Gym, Baseball Group, Rage Room
- NOI $261K
- 45K SF Industrial Building on 2.019 Acres for Sale in Forest Park
- 2 Docks, 3 Drive-in Doors, 30 Parking Spaces
- Only 1 vacant unit: Second floor 4,500 SF office/flex space for lease
Executive Summary
Excellent investment opportunity in an affluent suburb with long-term tenants in place. This 45,000 SF industrial building sits on 2.019 acres in Forest Park. The property offers 2 docks, 3 drive-in doors, and 30 parking spaces. Current tenants include a gymnastics center, MMA gym, baseball group, and a rage room. There is only 1 vacant space - a 4,500 SF office/flex space on the second floor. Conveniently located near I-290 and a variety of amenities such as Walmart, Costco, and the Harlem Blue Line station.
Property Facts
| Price | $4,793,985 CAD | Rentable Building Area | 45,000 SF |
| Price Per SF | $106.53 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1977 |
| Cap Rate | 7.46% | Parking Ratio | 0.67/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 19’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 5 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 5.58 AC | ||
| Zoning | I-1, Forest Park - Light Industrial | ||
| Price | $4,793,985 CAD |
| Price Per SF | $106.53 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.46% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.58 AC |
| Rentable Building Area | 45,000 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 0.67/1,000 SF |
| Clear Ceiling Height | 19’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1, Forest Park - Light Industrial |
Amenities
- Signage
Utilities
- Heating - Gas
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-24-205-026-0000 | Improvements Assessment | $369,952 CAD |
| Land Assessment | $171,730 CAD | Total Assessment | $541,682 CAD |
Property Taxes
Parcel Number
15-24-205-026-0000
Land Assessment
$171,730 CAD
Improvements Assessment
$369,952 CAD
Total Assessment
$541,682 CAD
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1401 S Circle Ave
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