Skip To Content
    Return to Previous Page

    3730 Morse Avenue

    Lincolnwood, IL 60712
    • $895,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 10844958
    UPDATED: 15 min ago
    $895,000
    • 0
      BEDS
    • 0.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $90
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Coldwell Banker Commercial NRT is pleased to present the sale offering of 3730 Morse Ave, Lincolnwood, IL a multi-unit industrial/flex investment opportunity. This industrial building is one mile of the Lincolnwood mall. This dense in-fill location contains a total population of 860,000+ within a 5-mile radius. The subject property is 10,000 square feet of leasable area and currently comprised of two mo/mo tenants who will be vacating the units pre or post a sale. With 80% of the building being warehouse space and 20% of the front of the building being office space, this property contains a value-add opportunity through leasing units with long term tenants. By leasing the vacant 10,000 square-feet, an investor has the opportunity to significantly build cash-flow with a high probability of low turn over due to the low vacancy in the area for industrial/flex property.

    Monthly Payment Calculator



    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-26T19:50:30.577 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.angelawalkerhomes.com/homes/109646115
    Print Image

    3730 Morse Avenue Lincolnwood, IL 60712

    • Price: $895,000
    • Status: Active
    • Updated: 15 min ago
    • MLS #: 10844958
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.7
    Acres
    10,000
    SQFT
    $90
    $/SQFT
    1962
    Built
    Neighborhood:
    Lincolnwood
    County:
    Cook
    Area:
    Lincolnwood
    Property Description
    Coldwell Banker Commercial NRT is pleased to present the sale offering of 3730 Morse Ave, Lincolnwood, IL a multi-unit industrial/flex investment opportunity. This industrial building is one mile of the Lincolnwood mall. This dense in-fill location contains a total population of 860,000+ within a 5-mile radius. The subject property is 10,000 square feet of leasable area and currently comprised of two mo/mo tenants who will be vacating the units pre or post a sale. With 80% of the building being warehouse space and 20% of the front of the building being office space, this property contains a value-add opportunity through leasing units with long term tenants. By leasing the vacant 10,000 square-feet, an investor has the opportunity to significantly build cash-flow with a high probability of low turn over due to the low vacancy in the area for industrial/flex property.
    Exterior Features

    Bay Size 8X Frontage Access City Street Lot Dimensions 280X110 Lot Sq Ft 30579 Number Of Parking Spaces 30 Number Of TLDocks 1 Roof Structure Flat

    Interior Features

    Air Conditioning Central AirCentral Individual Ceiling Hgt Max Ft 13 Ceiling Hgt Max In 13 Ceiling Hgt Min Ft 13 Ceiling Hgt Min In 13 Fire Protection Sprinklers-Wet Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SMulti-TenantPrivate Restroom/SPublic Restroom/S Number Of Drive In Doors 2 Number Of Stories 1

    Property Features

    Age 26-35 Years Built Before1978 YN Yes Clear Span YN No Current Use ManufacturingWarehouseWholesale Operation Electrical Service Shared Meters Expense Year 2020 Geographic Locale Chicago North Gross Rentable Area 10000 Gross Rental Income Amount 9999 Heat Ventilation Electric Investment YN Yes Max Avail Sq Ft Rentable 10000 Min Avail Sq Ft Rentable 5000 Net Oper Income Amount 9999 Net Rentable Area 10000 Number Of Tenants 2 Potential Use CommercialIndustrial/MfgManufactured Home Property Offered For Sale Only Tax Year 2019 Taxes 48012 Tenant Pays ElectricVaries By Tenant Total Annual Exp 4500 Total Annual Expense Source Actual Total Annual Income 9999 Township Niles Zoning Type Wrhse

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Commercial Nrt.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-26T19:50:30.577 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10844958-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10844958-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10844958-2.jpg
    Logo
    Angela Walker Homes Real Estate Group
    1547 Westchester Blvd.
    Westchester IL, 60154