12521-12531 W. Horseshoe Dr.
$2,450,000
12521-12531 W. Horseshoe Dr. New Lenox, IL 60451
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About this listing
DESCRIPTION
Positioned in the thriving New Lenox industrial corridor, this premium commercial property at 12520-12531 W. Horseshoe Drive offers a rare, fully leased investment opportunity with stable cash flow from five fire-walled tenant spaces. Built to last with full solid masonry construction to roof, 5/8" drywalled ceilings and finishes, and a durable metal roof, with unit heaters and floor drains in each unit plus a 14x14' overhead door. The facility features ample parking, a professional built-out office space in Unit 12525, and convenient half-baths in every warehouse unit. Maximizing its operational utility units 12521 and 12531 include massive 14' x 14' drive-in doors on both sides of the unit, while Unit 12521 stands out with a unique city-approved Special Use Permit that allows for a fully finished second-floor live/work apartment complete with a private deck, see floor plans in Documents. Upgraded power to all units with 3-phase, 208V. Addresses are established to allow for future industrial condos.
HIGHLIGHTS
- 12,523 SF masonry industrial building 5 units, 100% leased Built in 2005, tenant improvements 2025-2026 Zoned I-1
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NOI
$119,980
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Building Size
12,523 sqft
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Lot Area
1 acres
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Units
5
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Year Built
2005
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Zoning
I-1
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MLS ID
12681649
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Floors
1
Details
- • Lot Dimension: 191x228
- • Tax Roll Number: 15-08-25-105-003-0000
- • Annual Tax: $ 9388.98
- • Average Occupancy Rate: 100.0
- • Clearance: 20
- • Dock Height: 14
- • Fully Leased Income: $ 144000.0
- • Gross Income: $ 144000.0
- • Cross Docks: true
- • Max Contiguous Area: 2400.0
- • Min Divisible Area: 2400.0
- • Appliances: Washer
- • Flooring: Concrete
- • Age: 21-30 Years Old
- • Exterior Description: Concrete Block
- • Road Type: City / Town Street
- • Roof: Metal Roof
- • Rooms: Staff Quarters
- • Lot Size: 1/2 - 1 Acre
- • Cooling: Other A/C
- • Sewer: Septic
- • Water: Well
- • Exterior Living Space: Deck
