1033 S Noel Avenue Wheeling, IL $ 5,325,000
1033 S Noel Avenue
$ 5,325,000
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1033 S Noel Avenue

Wheeling, IL, 60090
$ 5,325,000
Baths0.0 Sq 96,959

Monthly Estimate*

$ 37,197

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Studio

Commercial Property for sale in Wheeling, IL

for $5,325,000. This 96,959 square foot building was built in 1965 on a lot size of 5.12.

pleased to jointly offer this industrial building for sale in Wheeling, Illinois. The masonry building built in 1962 and 1969 totals 96,959 square feet(SF) of mostly warehouse type industrial space with the front office portion along Noel Avenue totaling 6,500 SF and the Northeast 2 story office portion adding 3,424 of additional office space. The roof and parking lot have been replaced within the last 2 years and the building is in good condition. The building is zoned I-2 and has heavy power, 14' ceilings, 5 truck docks, 1 drive in door, floor drains, and can accommodate outside parking on the 5.12 acre lot. The warehouse portions of the building are broken up into 6 distinct sections that are internally connected by roll-up doors. Ideal for large single user or multi-tenant users. The current divisions are as follows: * Unit 1 35,708 SF Warehouse * Unit 2 18,000 SF Warehouse * Unit 3 13,920 SF Warehouse * 6,500 SF Front Office (divisible) * Unit 4 6,204 SF Warehouse w/ 1,711 SF Office and 2nd Floor Office * Unit 5 3,900 SF Warehouse * Unit 6 8,850 SF Warehouse The building is currently occupied by Precision Paper Tube Company, which would stay on as a tenant and lease back about 12 of the building, or vacate entirely, depending on which option is better for the buyer. A new buyer could potentially take advantage of the 6B program to help alleviate the real estate tax burden.

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Commercial Active

Price

$ 5,325,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 194,000

Style

Lot Size

5.12

Year Built

1965

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

11879237

Features
General
Cooling Central Air Office Only
Zoning INDUS
Construction Materials Brick
Year Built 1965
Electric Power - 240V Power - 480V Three Phase Heavy Power 1200+ Amps
Tenant Pays Varies by Tenant
Stories 1
Township Wheeling
Property SubType Warehouse
Tax Year 2021
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Status Active
Directions From Hintz Rd head South on Noel Ave. Building is on East side of Noel.
City Wheeling
Total Units 6
MLS Area Wheeling
Lot Size Square Feet 223000
Street Name Noel
Tax Annual Amount 194000
Additional Parcels Y/N N
Leasable Area 96959
Days on Market 7
Standard Status Active
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Exterior
Building Area Total 96959
Lot Dimensions 435X381X420X518
Lot Size Acres 5.12
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Entre Commercial Realty, Llc

Broker

kkaplan@entrecommercial.com

Email

Affordability Calculator

$53,363
Per Month
70%
30%
0%
Monthly Principal & Interest
$37,197
Monthly Property Taxes
$16,167
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/7/2023$5,325,000 Listed Price

Map


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1033 S Noel Avenue, Wheeling, IL, 60090 is a Commercial Property for sale at $5,325,000 with 96,959 sqft and a lot size of 5.12. 1033 S Noel Avenue is a studio with 0.0 baths and was built in 1965. The property's zip code is 60090 which is in Wheeling, IL