12531 W Horseshoe Dr - Warehouse FOR SALE


New Lenox, IL 60451
$2,450,000 USD
815-780-7952
12531 W Horseshoe Dr, New Lenox, IL for Sale
$2,450,000 USD
Warehouse - FOR SALE
1/24
null | 4.39% Cap Rate

12531 W Horseshoe Dr
New Lenox, IL 60451


HIGHLIGHTS

  • 12,523 SF masonry industrial building
  • 5 units, 100% leased
  • Built in 2005, tenant improvements 2025-2026

OVERVIEW

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 12531 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.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

4.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

Lighting, Gas - Natural, Water - Well, Sewer - Septic Field, Heating - Electric

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1

LAND SF

43,560

ZONING

I-1

APN/PARCEL ID

15-08-25-105-003-0000

ASK ABOUT THIS PROPERTY

Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.