(Off Market) Chicago Industrial Building for Sale - 26,000 sf

Industrial | For Sale | 26,000 sqft

166 N. Aberdeen St., The Fabbri Sausage Mfg building. Consists a multi-story building and vacant parking lot. The building is approximately 26,000 SF with approximately 8,000 SF on the 2nd story. The property is approximately 26,000 SF of land. The building is in good condition with little to no deferred maintenance. The current tenants have a lease on the property through 2017. Current asking price reflects a cap rate of 4.8% on this net leased investment. Buy this leased property and hold it for future development investment in 2017.

Location Description:
The Fabbri Sausage building is located on the near west side of Chicago in a neighborhood called The West Loop. The west loop is a mix of property types, including retail, commercial, warehousing, residential condos, and some light manufacturing. The neighborhood has changed dramatically over the last 15 years with more and more residential and retail coming in. This location on Aberdeen is in the heart of the Randolph St. transformation as a "restaurant row". Key geographic points include 2 blocks to the Green Line Morgan St. "L" stop, less than 1/2 mile to the 90/94 X-way, and 1 mile to the Chicago Loop.

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