Flex Space

2024 W. 163rd St. Markham, IL 60428

FOR SALE
Property Type:
Industrial
Amount:
$1,700,000
Last Verified:
Jun 23, 2022

Highlights

  • Property Type: Flex
  • Current Use: Retail
  • GBA: 30,000 SF
  • Lot Size: 1.88 AC
  • Zoning: L-1 (Light Manufacturing)
  • Distance from I-294: 1 Mile
  • Distance from I-80: 2 Miles
  • Truck Bays: 1
  • Door Height: 15 Ft
  • Clear Height: 14 Ft
  • Parking Spaces (Surface): 100
  • PIN: 29-19-131-007, 29-19-131-006,29-19-131-005
  • Taxes (2020): $168,905.91

Description

2024 W 163rd St is a 30,000 SF freestanding flex property located in Markham, IL. This brick-constructed property is zoned L-1 which allows light manufacturing and other light industrial uses. The subject property is currently fully occupied with retail tenants, exemplifying the flexibility of the subject property. It’s well-positioned logistically in a prime location in Markham's large industrial corridor; I-80, I-294 the CN Chicago Intermodal Terminal and the new 800,000 SF Amazon facility are all less than two miles away. 2024 W 163rd is also located directly west of a residential area, generating plenty of commercial traffic to the retail store fronts. The property provides significant parking for all current and future tenants of the building. This space would work well for owner/users or traditional investors.

This property is located on the northern end of Markham's largest industrial site. In between the intermodal railyard and the I-294 & I-80, this location offers plenty of accessibility for commercial/ industrial operations. Additionally this is about 2 Miles from where the I-294 and I-80 highways merge. Furthermore, the subject property is located just off a large residential pocket which provides plenty of traffic to the retail store fronts.

Building Size: 34055sq ft
Lot Size: 1.88 acres


Documents

Property Brochure

Map of 2024 W. 163rd St., Markham, IL, 60428

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.