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14600 Kilpatrick Avenue Midlothian, IL $ 3,450,000
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$ 3,450,000 Get more info
14600 Kilpatrick Avenue
$ 3,450,000
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14600 Kilpatrick Avenue

Midlothian, IL, 60445
$ 3,450,000
Bedrooms-- Baths-- Sq 35,900

Monthly Estimate*

$ 21,242

14600 Kilpatrick Avenue, Midlothian, IL 60445 - Image 1

Commercial Property for sale in Midlothian, IL

for $3,450,000. This 35,900 square foot building was built on a lot size of 1.61694.

Strauss Realty, Ltd. is pleased to present 14600 Kilpatrick Avenue, a multi-tenant industrial investment opportunity in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet and 42 individual units, currently 90.5% leased. Building 1 (Units 1-14) includes approximately 9,800 SF, with units averaging 700 SF each. Building 2 (Units 15-42) totals approximately 26,100 SF, with units averaging 900 SF, including several combined spaces. A shared, secured restroom is located between Units 16 and 17. Offered at $3,450,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 8.98% cap rate, with stable in-place income and potential for future rental growth. Recent capital improvements include demising select double units into single units, installation of bollards around gas meters, implementation of a mastered key system (GoldyLocks), and new heaters in select spaces. Ownership is currently completing installation of a required fire alarm system per the Village.

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Commercial Active

Price

$ 3,450,000

Property Type

Commercial

Taxes

$ 142,497

Style

Lot Size

1.61694

Town/City

Midlothian

County/Region

Cook

MLS | Web ID

12570028
Features
General
Cooling None
Year Built 0
Electric Other
Stories Count 1
Property Subtype Warehouse
Tax Year 2024
Gross Income 999
County Cook
Net Operating Income 309645
Operating Expense 999
Property Type Commercial Sale Industrial
Status Active
Directions Located on Kilpatrick north of 147th St.
City Midlothian
Number Of Units Total 42
MLS Area Midlothian
Lot Size Square Feet 70434
Tax Annual Amount 142497
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
Cap Rate 8.98
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Exterior
Building Area Total 35900
Lot Dimensions 234x301
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* Excluded Features
List By
Strauss Realty Ltd

Broker

craig@straussrealty.com

Email

Affordability Calculator

$33,117
Per Month
64%
36%
0%
Monthly Principal & Interest
$21,242
Monthly Property Taxes
$11,875
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/16/2026$3,450,000 Listed Price

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14600 Kilpatrick Avenue, Midlothian, IL, 60445 is a Commercial Property for sale at $3,450,000 with 35,900 sqft and a lot size of 1.61694. The property's zip code is 60445 which is in Midlothian, IL

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