3100 Randolph St, Bellwood, IL, 60104

Highlights

• 71,498 SF Industrial Building
• 5 loading docks – 3 exterior and 2 interior
• Heavy Power
• Varied Ceiling Heights up to 18’
• Room for Semi-Truck Turnaround
• 2.98 Acre Lot
• Additional Street Parking

Description

3100 Randolph is a professionally maintained 71,498 SF industrial building. It was originally designed as a single-tenant building but currently houses eight tenants subdivided by cages. The building is positioned as an owner/user purchase opportunity, but a buyer may keep some or all of the tenants if preferred and because there are no demising walls for the tenants, can easily be restored back to a single tenant building. All tenants are either on a month-to-month lease basis or can be canceled with a 90-day written notice. The real estate taxes have been protested and successfully reduced. The property is priced on a per-square-foot basis; however, if a buyer is interested in reviewing the rent roll and expenses, the information can be provided.

Following is a summary of the income:
> Gross Income: $427,800
> 2022 Operating Expenses: $186,996 (does not include CapEx, Vacancy Factor or Management Fee)
> Real Estate Taxes: $91,037
> NOI: $149,767

Bellwood is home to a diverse range of businesses, both large and small, that contribute to its economic vibrancy. The top largest employers include Aldi Regional Distribution Center, Proviso Township High Schools District 209, and Community Consolidated School District 81. Presence Resurrection Medical Center and Canadian National Railway (CN Railway). CN Railway's intermodal facility location in Bellwood makes it a vital transportation and logistics hub. This facility provides seamless access to rail and road networks, offering an ideal location for companies involved in distribution, warehousing, and manufacturing.
Bellwood represents a compelling opportunity for industrial businesses. Its strategic location, commitment to economic development, diverse real estate options, and access to a skilled workforce create an environment conducive to growth and success for businesses in various sectors.

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