3730 W Morse Avenue $845,000

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    3730 W Morse Avenue Lincolnwood, IL 60712

    • 10,000 sq. ft.
    • 0.70 Acres
    • Commercial
    • MLS# 10844958
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    Views: 8 Days On Site: 138

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    Property Details

    Description Tours

    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.

    • General Features
      • Additional Parcels Y/N No
      • Area Lincolnwood
      • County Or Parish Cook
      • Gross Income 9999
      • Gross Scheduled Income 9999
      • Leasable Area 10000
      • Net Operating Income 9999
      • Number Of Units Total 2
      • Operating Expense 4500
      • Possible Use Commercial,Industrial
      • Tax Annual Amount 48012
      • Tax Year 2019
      • Tenant Pays Electricity,Varies by Tenant
      • Township Niles
      • Year Built 1962
      • Zoning WRHSE
    • Building Features
      • Building Area Total 10000
      • Cooling Central Air, Central Individual
      • Electric Shared Meters
      • Stories 1
    • Property Features
      • Frontage Type City Street
      • Lot Size Acres 0.7
      • Lot Size Dimensions 280X110
      • Lot Size Square Feet 30579
      • Parcel Number 10351260370000
      • Parking Total 30

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    Neighborhood

    60712 (Lincolnwood) Demographics

    46 Median Age
    4,751 Population Density (per sq. mile)
    63% College Educated
    $96,222 Estimated Median Income
    3,599 Estimated Total Home Owners
    591 Estimated Total Renters
    86% / 14% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    12,637 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $365,000 Median Sales Price
    14 Homes Sold
    8 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $845,000
        12/24/2020 10:49:15 AM Status Changed Source New Value: Contingent
        12/6/2020 12:18:49 AM Status Changed Source New Value: Active
        11/30/2020 8:32:36 AM Price Reduced Source New Value: $845,000 -5.59%
        11/30/2020 8:32:36 AM Status Changed Source New Value: Price Change
        9/8/2020 12:07:19 AM Status Changed Source New Value: Active
        9/2/2020 7:40:00 PM New in Database Source New Value: $895,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
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