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3100 Randolph Street,  Bellwood IL, 60104

(Active)
$4,290,000
|
71,498 sqft
|
MLS# 11948683
Last Updated: 5/12/2024 9:04 PM
Description for 3100 Randolph Street Bellwood, IL 60104
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 Operating Expenses 2022: $186,996 (does not include CapEx, Vacancy Factor or Management Fee) Real Estate Taxes: $91,037 NOI: $149,767 Additional details: 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 1 Mile from Full Interchange for I-290 20 Minute Drive to O'Hare International Airport 14 Miles from Chicago Located in Cook County
Price
$4,290,000
Cook
71,498 (approx)
11948683
Active
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 Operating Expenses 2022: $186,996 (does not include CapEx, Vacancy Factor or Management Fee) Real Estate Taxes: $91,037 NOI: $149,767 Additional details: 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 1 Mile from Full Interchange for I-290 20 Minute Drive to O'Hare International Airport 14 Miles from Chicago Located in Cook County
Listing Information
Property Type: Industrial, Business Opportunities, 1 Story
2.98 Acres 71,498 (approx) 1959
1
Neighborhood
Room Information
Exterior / Lot Features
PER SURVEY
Driving Directions
On Randolph Street between St Charles Rd and Washington Blvd.
Financial Considerations
15094001030000
$91,037
Listing Price History

Bellwood Real Estate

Bellwood is located in Illinois. Bellwood, Illinois 60104 has a population of 19,365.

The median household income in Bellwood, Illinois 60104 is $57,264. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Bellwood 60104 is 38 years.

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Courtesy: Sperry Van Ness
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/12/2024 9:04 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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