1313 Illinois St - Warehouse FOR SALE


South Houston, TX 77587
$450,000 USD
713-855-0588
1313 Illinois St, South Houston, TX for Sale
$450,000 USD
Warehouse - FOR SALE
1/26
null | Request Cap Rate

1313 Illinois St
South Houston, TX 77587


HIGHLIGHTS

  • Three-property South Houston industrial portfolio totaling ±10,860 SF
  • Seller Financing Option 36 months at 6% or 60months at 8% with 30% Down and 25 years Amortization
  • Below-market rents create upside through renewals or future rent increases
  • Flexible exit strategy, with 1307 and 1309 on the same lot to be sold together, and 1313 Illinois positioned on a separate lot for future hold
  • Strong East/Southeast Houston logistics location with access to major industrial corridors

OVERVIEW

Three-property industrial portfolio in South Houston totaling ±10,860 SF across three tenanted steel/metal warehouse buildings. Current gross income is $5,700/month, with upside through rent increases or renewals. Portfolio includes 1307 Illinois St, 1309 Illinois Ave (same lot must be sold together), and 1313 Illinois St (separate lot). Offered as a package with a discounted portfolio price: $1,300,000 with seller financing or $1,250,000 cash or conventional financing. Seller financing available with 30% down, 25-year amortization, and flexible terms of 36 months at 6% or 60 months at 8%. Strong small-bay industrial opportunity near Hobby Airport. Tenant Info : 1313 Illinois St is currently leased to a motorcycle repair and service operator specializing in Harley-Davidson motorcycles. The tenant uses the space for motorcycle maintenance, diagnostics, repair work, parts replacement, customization, and related service operations. This type of tenant is a strong fit for small-bay industrial space, requiring functional warehouse layout, drive-in access, equipment/work areas, and convenient access for customers and vehicle storage.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Lighting

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16

LAND SF

7,100

ZONING

N/A

APN/PARCEL ID

0340090160011

ASK ABOUT THIS PROPERTY

Kate MyhanMyhan Realty LLCMore Info
713-855-0588

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Kate MyhanMyhan Realty LLCMore Info
713-855-0588

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