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 | 232 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Strauss Realty Ltd |
|---|