16500 Vincennes Ave - Warehouse FOR SALE


South Holland, IL 60473
$11,900,000 USD
214-979-6166
16500 Vincennes Ave, South Holland, IL for Sale
$11,900,000 USD
Warehouse - FOR SALE
1/13
null | Request Cap Rate

16500 Vincennes Ave
South Holland, IL 60473


HIGHLIGHTS

  • Value-Add Opportunity Offered Well Below Replacement Cost
  • Strategic Hub for High-Volume Distribution
  • In Demand Facility in a Dense Industrial Corridor

OVERVIEW

This property delivers an efficient layout designed for high volume logistics and streamlined distribution operations. With direct transportation access, below market-rate leases at $10/SF, and pricing below replacement cost at $117. It offers immediate value and long-term stability, which is a rare opportunity to secure a top-tier facility at an attractive entry point. Strategic Hub for High-Volume Distribution – With over 100,000 square feet of industrial space on a 5.54-acre lot, the property offers ample room for high-volume storage and efficient logistics operations. Its industrial zoning supports warehousing and freight activities, while the site’s proximity to major transportation corridors, including I-94 and I-80, ensures quick access to regional and national markets. The expansive layout allows for flexible racking systems, loading docks, and advanced inventory management technology, making it perfectly suited for businesses seeking to optimize supply chain performance and reduce delivery times. With over 100,000 square feet of industrial space on a 5.54-acre lot, the property offers ample room for high-volume storage and efficient logistics operations. Its industrial zoning supports warehousing and freight activities, while the site’s proximity to major transportation corridors, including I-94 and I-80, ensures quick access to regional and national markets. The expansive layout allows for flexible racking systems, loading docks, and advanced inventory management technology, making it perfectly suited for businesses seeking to optimize supply chain performance and reduce delivery times. The Class 6b program that is currently in place offers substantial property tax savings for industrial projects involving new construction, major rehabilitation, or re-occupancy of abandoned sites. Approved properties enjoy a reduced assessment rate—10% for 10 years, then 15% and 20%—compared to the standard 25%, delivering long-term financial benefits. Renewable and supported by programs like SER and CEERM, Class 6B targets high-vacancy areas, older buildings, and projects that create or retain jobs, making it a powerful tool for growth and economic recovery.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16500 Vincennes Avenue

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

21.5 Ft

DOCKS

2

DRIVE INS

12

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.54

LAND SF

241,322

ZONING

Industrial

APN/PARCEL ID

29-21-117-010-0000

ASK ABOUT THIS PROPERTY

214-979-6166

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214-979-6166

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