Warehouse Space for Rent

Chicago Heights Warehouse for rent

480 Lincoln Highway

Lease & Listing Details

  • Property Size :

  • Listing :

  • 281,847 SF

  • # 17454

Industrial Space Overview

The Doughty Industrial Group of Marcus & Millichap presents a fully occupied multi-tenant industrial investment opportunity at 480 E Lincoln Hwy in Chicago Heights, IL. Situated less than 5 miles from the Indiana border, the property offers proximate access to I-57 and I-294, facilitating interstate transportation throughout the Chicagoland area and Midwest.

Constructed in 1965, the 281,847-square-foot property resides on 14.88 acres. It features excellent distribution capabilities with 15 docks, 7 drive-in doors, and a 22' clear height. The building is fully occupied by two tenants: Gerresheimer Glass, Inc., a publicly traded German glass manufacturer, and Morgan Li, a global custom furniture and graphics manufacturer.

Gerresheimer, established in the building since 2001, has expanded its footprint, demonstrating long-term commitment. Morgan Li, with a global clientele, operates under a gross lease structure. Both tenants are currently paying below-market rents, presenting opportunities for significant rent growth and enhanced yield. With the potential for pro-forma CAP rate exceeding 10.00%, the investment offers stable credit tenancy and substantial income growth potential. The property's current list price of $9,500,000 generates an in-place net operating income of $647,925, equating to a 6.82% CAP Rate.

Chicago Heights Local Warehouse Experts

Dedicated to Delivering Tailored Warehouse Solutions in Chicago Heights, IL. At IndustrialSpaces.net, we pride ourselves on being more than a warehouse listing service. We are committed to helping businesses in Chicago Heights find the perfect warehouse space that aligns with their specific needs and goals.

Our Expert Services Include:

Bespoke Property Selection: Our local Chicago Heights experts work closely with you to identify properties that match your business requirements.
Full-Rent Process Assistance: From initial viewings to final rent signings, we offer full support to ensure a smooth and successful rental experience.
Optimised Cost Solutions: Leveraging our local market knowledge, we negotiate the best possible terms to deliver cost-effective rental solutions for your business.

With IndustrialSpaces.net, you gain a partner who understands the nuances of the Chicago Heights warehouse market. Reach out to us at (833) 556-5511 for a comprehensive consultation and start your journey towards securing the ideal warehouse space for your business.

Location 480 Lincoln Highway, Chicago Heights

Map showing 480 Lincoln Highway

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