Owner-User Investment Opportunity
8035 Austin Avenue
Morton Grove, IL 60053
Highlights
- Owner-User Industrial Opportunity
- Warehousing, Wholesaling, and Service businesses welcomed
- Some Retail uses permitted that service Industrial uses
- Stabilized income-producing property
- Excellent accessibility to the Interstate system, Oakton Avenue, Dempster Street, Golf Road, and Waukegan Road.
- Nearby Major Roadways: I-94 via Touhy Ave and Dempster St, I-294 via Touhy Ave and Dempster St, Downtown Chicago 17 mi, O'Hare International Airport 8.5 mi, and Midway International Airport 24 mi.
- A new roof was installed in 2023
- Shore Community Services will have invested over $1 million after their facility improvements are completed
Description
This 35,360 SF industrial property, built in 1964, offers an attractive opportunity for investor-owners seeking a combination of operational space and passive income. With existing tenants in place, the property provides immediate rental income while allowing for flexible usage.
Owner-User Space: 14,355 SF available for your business operations.
Income Potential: Existing tenants ensure steady cash flow and mitigate holding costs.
Zoning: M-1, suitable for light manufacturing, warehousing, and various commercial uses.
Prime Location: Strategically positioned in the Chicago metro area, benefiting from excellent access to regional transportation and business networks.
This property balances the advantages of a functional industrial space with the financial benefits of rental income. A rare opportunity to enhance your portfolio with a versatile asset that supports both business operations and long-term investment goals.
With 8035 Austin's proximity to major highways and public transportation, Morton Grove provides convenient access for industrial and manufacturing businesses. Nearby attractions such as the Prairie View Shopping Center and Henry J. Schinlder Park also offer opportunities for leisure and entertainment. The location's strategic positioning near various dining options and businesses creates a dynamic environment for employees and visitors.
The Village of Morton Grove is one of Chicago's inner-ring northern suburbs in Cook County. Morton Grove is conveniently located south of Golf, Glenview, and Wilmette, west and north of Skokie, and east and north of Niles. Near Lehigh Ave and Oakton Street, 2.5 miles from I-94, 5 miles to I-294, 7.5 miles to I-90, 15 miles to I-290, and 8.5 miles to O'Hare International Airport.
