303 Elgin Ave - Industrial FOR SALE


Elgin, IL 60120- Southeast Elgin-Kane
$1,350,000 USD
630-715-5714
303 Elgin Ave, Elgin, IL for Sale
$1,350,000 USD
Industrial - FOR SALE
1/39
null | Request Cap Rate


HIGHLIGHTS

  • Heavy Power 2000 amp 240 Three Phase
  • Heavy Load Floors
  • CLose Proximity to Route 20 and I-90
  • Updated Roof and Furnaces

OVERVIEW

If heavy power and heavy load floor is what you need look no further. With 2,000 amps of 240 3 phase power you won't come up short. Sitting on .9067 acres this brick and block construction building is ideal for large scale production and heavy machinery. Historically it has been used for injection molding. This well maintained industrial building is set up well for manufacturing and includes a gantry system with three 2 ton hoists, three 1 ton hoists and a 2 ton jib crane. There is an additional 3 ton chain hoist included with the building. In the 8,300 sf main building there is a 10' x 10' overhead door and three mezzanines that add over 1,200 sf of valuable usable square footage. One mezzanine is used for the warehouse office. This one is heated and cooled. The other two are decked with 1.5" cross planked floors making them suitable for heavy storage. Additionally, a large 42' x 40' room is also heated and cooled and is the location of one of the 2 ton hoists. A 4,680 sf addition was added in 2016 that features 16' clear ceilings, one 12' x 12' overhead door and on 14' x 16' high overhead door both with openers. The roof on the main building was replaced in 2016 with a 50 year Flexicore EPDM roof. The roof still has 10 years of warranty remaining. The 350k BTU unit heater and the two 100k BTU furnaces were updated in 2018. The building is piped for air (includes 15 and 20 HP air compressors) and features water cooler lines throughout (chiller mount on roof) plus there are multiple floor drains. The office space is approximately 1,086 sf with a private executive office. Fire safety features include radio alarm monitoring and there is also a security system. There are 40 parking spaces located in the front side and rear of the building. There is room to add a loading dock to the building and truck parking to the east. Immediate access to Rt 20 and close proximity to I-90 is a plus.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Elgin Industrial

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91

LAND SF

39,640

ZONING

CI

APN/PARCEL ID

06-24-377-005

ASK ABOUT THIS PROPERTY

Charles KirkwoodColdwell BankerMore Info
630-715-5714

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Charles KirkwoodColdwell BankerMore Info
630-715-5714

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