7721 S Ashland Ave - Distribution FOR SALE


Chicago, IL 60620- Gresham
$1,299,900 USD
312-327-5470
7721 S Ashland Ave, Chicago, IL for Sale
$1,299,900 USD
Distribution - FOR SALE
1/7
null | Request Cap Rate

7721 S Ashland Ave
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • Owner-user/investment industrial acquisition opportunity
  • Fenced-in, secured outdoor storage space – Permitted for truck/trailer parking
  • Strategic location – Close proximity to downtown Chicago
  • Interstate access – Close proximity to I-90, I-94, and I-57
  • Heavy power – 1,200A/208V 3P heavy
  • Ample distribution access – 5 docks and 1 drive-in door

OVERVIEW

The Doughty Industrial Group of Marcus & Millichap is pleased to present the sale offering of 7721 S Ashland Avenue, a vacant owner-user or investment industrial offering located in Chicago, Illinois. The subject property resides on Chicago’s south side and sits in close proximity to the major highways of I-90, I-94, and I-57, offering interstate access to downtown Chicago and the greater Chicagoland area. The subject property consists of 22,000 rentable square feet sitting on 1.17 acres of land with a secured, fenced in-yard. The property includes 5 docks, 1 drive-in door, a fenced-in secure outdoor space for storage, and ceiling heights in the warehouse ranging anywhere from 16’-18’. Outdoor storage and truck/trailer parking is also permitted on site. The property was previously occupied by Ashland Building Materials, a wholesaler and distributor of building and construction materials. At the list price of $1,299,900, the purchase of this offering presents an owner user or investor with the opportunity to acquire a turn key, highly functional industrial property with ample distribution access in a strategically located area of Chicago’s south side.

FOR SALE DETAILS

PRICE

$1,299,900 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

17.75 Ft

DOCKS

5

DRIVE INS

1

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.17

LAND SF

50,965

ZONING

C1-1

APN/PARCEL ID

20-29-311-040-0000

ASK ABOUT THIS PROPERTY

Peter DoughtyMarcus & MillichapMore Info
312-327-5470

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Peter DoughtyMarcus & MillichapMore Info
312-327-5470

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