Listing provided courtesy of Entre Commercial Realty, LLCMREDas Distributed by MLSGrid- MLS# 11879237MLS Provider

1033 S Noel AvenueWheeling, IL 60090

Commercial · 96,959 Sq. ft. | 5.12 Acres
$5,325,000 Active

1033 S Noel Avenue Overview

Time on Site:
1026 days
Visits:
9

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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1033 S Noel Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 96,959
  • Price/Sq.ft. $55
  • Lot 5.12 Acres

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1965

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Wheeling
  • Township: Wheeling

Rent/Lease Information

  • Tenant Pays: Varies by Tenant, All Utilities

Tax Information

  • Tax Annual Amount: $194,000.00
  • Tax Year: 2021

General Information

  • Parcel Number: 03141030110000
  • Property Sub Type: Warehouse
  • Property Type: Commercial Sale
  • Zoning: INDUS

Interior

Building Interior

  • Building Area Total: 96959

General Information

  • Cooling: Central Air, Office Only
  • Electric: Power - 240V, Power - 480V, Three Phase, Heavy Power 1200+ Amps
  • Leasable Area: 96959
  • Stories: 1

Unit Information

  • Unit SqFt.: 96959

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 5.12
  • Lot Size Dimensions: 435X381X420X518
  • Lot Size Square Feet: 223000

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6

1033 S Noel Avenue Neighborhood

Community

60090 (Wheeling) Demographics

38
Median Age
4,103
Population Density (per sq. mile)
47%
College Educated
$71,966
Estimated Median Income
9,269
Estimated Total Home Owners
5,879
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1033 S Noel Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1033 S Noel Avenue Market Data

Based on the last 30 days in this zip code

$351,640
Average List Price
$292
Average Price per Square Foot
43
Properties Sold
63
Average Days on Market
85
Properties for Sale
Calculations provided by Reliance Network