1033 S Noel Avenue, Wheeling, IL 60090

  • $5,325,000
  • $5,325,000
1033 S Noel Avenue, Wheeling, IL 60090
For Sale
1033 S Noel Avenue, Wheeling, IL 60090
  • $5,325,000
  • $5,325,000

Overview

Property ID: 9592986
  • Commercial Sale
  • Property Type
  • 1965
  • Year Built

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.

  • Address 1033 S Noel Avenue
  • City Wheeling
  • State/county IL
  • Zip/Postal Code 60090
  • Country United States

Details

Updated on August 26, 2024 at 4:39 am
  • Property ID: 9592986
  • Price: $5,325,000
  • Land Area: 5.12 Acres
  • Year Built: 1965
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 96959
  • MLS#: MRD11879237
  • Office Name: ENTRE COMMERCIAL REALTY, LLC
  • Agent Name: Kevin Kaplan
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD37856
  • List Agent MLSID: MRD371133
  • List Date: 2023-09-07T19:55:34.000Z
  • Cooling: Central Air,Office Only
  • Tax Annual: 194000
  • Tax Year: 2021
  • County: Cook
  • Property SubType: Warehouse

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