3531-3533 Martens St - Manufacturing FOR SALE


Franklin Park, IL 60131 | 
$995,000 USD
312-320-8245
3531-3533 Martens St, Franklin Park, IL for Sale
$995,000 USD
Manufacturing - FOR SALE
1/4
null | 8% Cap Rate

3531-3533 Martens St
Franklin Park, IL 60131


HIGHLIGHTS

  • Corner industrial property with dedicated parking and drive-in loading access.
  • Convenient access to Interstates I-90, I-94, and I-294 for regional transportation connectivity.
  • Long history of industrial occupancy in a market known for logistics and light manufacturing users.
  • Situated within a mature business environment surrounded by industrial and commercial operations.

OVERVIEW

9,900 SF industrial building for sale in Franklin Park, IL. NNN leased to a publicly traded multinational med-tech and optics company who has been in place since 2003. The lease has been extended to Feb 2029. The asking price is an 8+ CAP rate on current rent and the lease has annual CPI increases that adjust each March. New roof 2022 (with 16 years remaining on the warranty). Recent masonry work and the parking lot is freshly seal coated and striped. The property is a corner location with 33 parking spaces and 1 drive-in-door. Just off interchanges to I-90, I-94 and I-294 and 4 miles from O'Hare International Airport. No evening or weekend showings.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.41

LAND SF

17,999

ZONING

I-1, Franklin Park

APN/PARCEL ID

12-22-301-003-0000

ASK ABOUT THIS PROPERTY

Bruce HellerColdwell Banker Commercial RealtyMore Info
312-320-8245

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Bruce HellerColdwell Banker Commercial RealtyMore Info
312-320-8245

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