Approximately 87,080 SF Industrial Building

9900 Franklin Avenue Franklin Park, IL 60131

9900 Franklin Avenue, Franklin Park, IL, 60131
9900 Franklin Avenue, Franklin Park, IL, 60131
FOR SALE Auction Property
Property Type:
Industrial
Amount:
$2,014,000
Last Verified:
Nov 24, 2020

Minimum Bid: $2,014,000

Buyer’s Premium: 6%

Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

Building Size: Approx. 87,080 SF

Lot Size: Approx. 2.7 Acres

Ceiling Height: 12′ – 24′

Drive-In Doors: 8

Docks: 4 – 3 Interior, 1 Exterior

Zoning: C-M; Commercial Manufacturing

Sprinklers: Wet

2019 RE Taxes: $157,986.87
PIN #: 12-21-417-042-0000 (Building)

2019 RE Taxes: $5,837.51
PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)

TOTAL 2019 RE Taxes: $163,824.38

NOI: $228,201.12

Cap Rate: 11.33%

PROPERTY HIGHLIGHTS

• Great Franklin Park landsite
• 2 new highway entrances
• New industrial spec products in market
• Tenants in place
• Heavy power
• Room for rental growth
• Public transportation on Franklin Avenue
• Easy to backfill spaces due to smaller size units and lower rents
• Projected Full Occupancy Net Income $348,568.18
• Net Income Over $228,201.12
• 11.33% Current Cap Rate with 17.30% Projected Cap Rate
• Additional parking across Scott Street


Additional URLs

Map of 9900 Franklin Avenue, Franklin Park, IL, 60131

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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