X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-A 268,000-sf, seven-building industrial facility on the South Side that includes a fitness sale is for sale. Soft Sheen Products has hired Paine/Wetzel · ONCOR International to sell the property, which includes 10.25 acres, at 1000 E. 87th St.

While no asking price is given, the property carries a market value of $2.37 million, according to the Cook County assessor’s office, with 87% of the value in the land.

Besides M1-2 zoning that would accommodate manufacturing, warehouse and distribution users, the property is located in an Enterprise Zone and tax increment financing district, providing financial incentives for the new owner, notes Paine/Wetzel · ONCOR International senior vice president Albert Schulman, CCIM. He is marketing the property along with vice president Matt Rogatz.

Not only is the campus-like complex served by a railroad spur, it is near a Metra commuter rail line, as well as a mile from the Dan Ryan Expressway. “The complex is in ‘move-in’ condition, but we would welcome the new tenant to build-to-suit as needed,” Rogatz adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.