180 Shepard Ave - Warehouse FOR SALE


$2,125,000 USD
224-434-3918
180 Shepard Ave, Wheeling, IL for Sale
$2,125,000 USD
Warehouse - FOR SALE
1/15
null | 8% Cap Rate


HIGHLIGHTS

  • Single-tenant net lease industrial investment opportunity | High-quality construction and functional industrial layout.
  • Absolute net lease structure | Zero landlord responsibilities.
  • Situated near Chicago Executive Airport and O’Hare International Airport, with easy access to I-294, I-94, and I-90.
  • 2.5% vacancy rate for industrial product under 50,000 square feet within 5-mile radius.
  • $170,000+ average household income within 5-mile radius.
  • 1031 Exchange potential with an ideal lease structure in place for an exchange buyer.

OVERVIEW

180 Shepard Avenue offers an exceptional opportunity to own a fully leased industrial property in the bustling Chicago suburb of Wheeling. This single-tenant, 20,000-square-foot facility features a 14-foot clear height, five drive-in bays, and a 200-amp power supply. The property is occupied by an elite baseball academy that serves the Chicagoland area, 1 on 1 Baseball Academy. The tenant operates under an absolute net lease with approximately nine years remaining, providing stable in-place cash flow, zero landlord responsibilities, and 3% annual rental increases. Strategically situated in the Chicago MSA, Wheeling is an advantageous North Cook County location benefiting from excellent infrastructure, proximity to major area highways, and a business-friendly environment, making it ideal for logistics, manufacturing, and distribution. 180 Shepard Avenue offers easy access to Interstates 294, 94, and 90, ensuring efficient connectivity for all transit needs. Both Chicago Executive Airport and O'Hare International Airport are within a 25-minute drive, providing convenient options for travel and streamlined freight distribution. Bordering Lake Michigan and comprising many of Chicago's most affluent ZIP codes, Northern Cook County consists of a cluster of densely packed communities with tree-lined streets and top-ranked school districts. Manufacturers and logistics companies are drawn to North Cook County in part due to its accessibility to both Interstates 294 and 94, which trifurcate the submarket. Businesses are mostly lured to this area by the population density and proximity to some of the most successful retail outlets in the Chicago area, as well as the supplemental out lots and power centers surrounding them. This investment offers an attractive opportunity to acquire a well-located industrial asset with secure income and potential for long-term value appreciation. At the current list price of $2,125,000, the asset generates a net operating income of $169,950, which equates to a capitalization rate of 8%.

FOR SALE DETAILS

PRICE

$2,125,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Heating - Gas

CLEAR CEILING HT

14.5 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.03

LAND SF

44,867

ZONING

I-3

APN/PARCEL ID

03-11-305-008-0000

ASK ABOUT THIS PROPERTY

Peter DoughtyMarcus & MillichapMore Info
224-434-3918

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Peter DoughtyMarcus & MillichapMore Info
224-434-3918

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