14600 Kilpatrick Avenue
Strauss Realty, Ltd. is pleased to present 14600 Kilpatrick Avenue, a multi-tenant industrial investment opportunity in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet and 42 individual units, currently 90.5% leased. Building 1 (Units 1-14) includes approximately 9,800 SF, with units averaging 700 SF each. Building 2 (Units 15-42) totals approximately 26,100 SF, with units averaging 900 SF, including several combined spaces. A shared, secured restroom is located between Units 16 and 17. Offered at $3,450,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 8.98% cap rate, with stable in-place income and potential for future rental growth. Recent capital improvements include demising select double units into single units, installation of bollards around gas meters, implementation of a mastered key system (GoldyLocks), and new heaters in select spaces. Ownership is currently completing installation of a required fire alarm system per the Village.
- Rosati's 500 ft
- White Castle 0.2 mi
- Subway 0.3 mi
- Mr. Submarine 0.4 mi
- Bartolinis Restaurant Catering and Banquets 0.8 mi
- Popeyes 0.9 mi
- Berkot's Super Foods 350 ft
- Mobil Mart 950 ft
- Thorntons 0.3 mi
- Marathon 0.7 mi
- Speedway 0.8 mi
- Save-A-Lot 0.9 mi
- Bremen Heights Park 0.3 mi
- Caesar Park 0.6 mi
- Kostner Park 0.7 mi
- Gene Leonard Park 0.7 mi
- Heritage Park 1.0 mi
- Vergne Way Park 1.0 mi
- Dunkin' 900 ft
- Berryfield Cafe 0.8 mi
- Dunkin' 0.9 mi
- Dunkin' 1.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12570028