1033 S Noel AVE, Wheeling, IL 60090 - MLS#11879237

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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$5,325,000

Est. payment - /mo

96,959 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 96,959 sqft

Price per Sqft $54

MLS Listing ID 11879237

Year Built 1965

Annual Tax Amount $194,000

Tax Year 2021

Lot Size 5.120 Acres

Lot Dimensions 435X381X420X518

Property Sub-Type Industrial

Property Description

pleased to jointly offer this industrial building for sale in Wheeling, Illinois. The masonry building built in 1962 and 1969 totals 96,959 square feet(SF) of mostly warehouse type industrial space with the front office portion along Noel Avenue totaling 6,500 SF and the Northeast 2 story office portion adding 3,424 of additional office space. The roof and parking lot have been replaced within the last 2 years and the building is in good condition. The building is zoned I-2 and has heavy power, 14' ceilings, 5 truck docks, 1 drive in door, floor drains, and can accommodate outside parking on the 5.12 acre lot. The warehouse portions of the building are broken up into 6 distinct sections that are internally connected by roll-up doors. Ideal for large single user or multi-tenant users. The current divisions are as follows: * Unit 1 35,708 SF Warehouse * Unit 2 18,000 SF Warehouse * Unit 3 13,920 SF Warehouse * 6,500 SF Front Office (divisible) * Unit 4 6,204 SF Warehouse w/ 1,711 SF Office and 2nd Floor Office * Unit 5 3,900 SF Warehouse * Unit 6 8,850 SF Warehouse The building is currently occupied by Precision Paper Tube Company, which would stay on as a tenant and lease back about 12 of the building, or vacate entirely, depending on which option is better for the buyer. A new buyer could potentially take advantage of the 6B program to help alleviate the real estate tax burden.

Location

State IL

County Cook

Area Wheeling

Zoning INDUS

Interior

Cooling Central Air, Office Only

Fireplace N

Building

Dwelling Type Industrial

Structure Type Brick

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Listed by Kevin Kaplan of Entre Commercial Realty, LLC

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Jorel Kilcullen

+1(815) 790-4276

Broker | License ID: 478.026444

Broker License ID: 478.026444

1033 S Noel AVE Wheeling, IL 60090

Jorel Kilcullen

Key Details

Location

Interior

Building

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