14600 Kilpatrick Avenue, Midlothian, IL

$3,350,000

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About 14600 Kilpatrick Avenue

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. 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 $3,350,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 9.24% 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.

Features of 14600 Kilpatrick Avenue

MLS® # 12570028
Price $3,350,000
Bathrooms 0.00
Type Commercial Sale
Sub-Type Industrial
Status Active

Community Information

Address 14600 Kilpatrick Avenue
Area Midlothian
City Midlothian
County Cook
State IL
Zip Code 60445

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Additional Information

Days on Market 176
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeStrauss Realty Ltd

Listing Map

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