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14600 Kilpatrick Avenue Midlothian, IL 60445 • Commercial - Industrial • Active

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Description

Strauss Realty, Ltd. is pleased to present 14600 Kilpatrick Avenue, a multi-tenant industrial investment opportunity in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet and 42 individual units, currently 90.5% leased. Building 1 (Units 1-14) includes approximately 9,800 SF, with units averaging 700 SF each. Building 2 (Units 15-42) totals approximately 26,100 SF, with units averaging 900 SF, including several combined spaces. A shared, secured restroom is located between Units 16 and 17. Offered at $3,450,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 8.98% cap rate, with stable in-place income and potential for future rental growth. Recent capital improvements include demising select double units into single units, installation of bollards around gas meters, implementation of a mastered key system (GoldyLocks), and new heaters in select spaces. Ownership is currently completing installation of a required fire alarm system per the Village.

Property Highlights

Property Type: Commercial - Industrial
Building Description: 1.0 stories
Lot Size: 1.62 acres

General Information

County: Cook
Listed By:
Strauss Realty Ltd 773-736-3600
MRED MLS
$3,450,000
Est. $21,914/mo
Active
SQUARE FEET35,900 MLS#12570028
STATUSActive PROPERTY TYPECommercial - Industrial
TOUR PROPERTY

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Jeff Dellitt
 (563) 343-1028

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14600 Kilpatrick Avenue, Midlothian, IL 60445.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $3,450,000$3,450,000
Down Payment $120,750$690,000
Monthly Mortgage Amount $20,038$16,107
Taxes $4801$4801
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $2,069$0
Monthly Estimated Total $27,914$21,914

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