Description
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.
Listing Office: Strauss Realty Ltd
Attribution contact:
Location
Listed By
Co-Listing Agent
Aaron Strauss
Strauss Realty Ltd
Based on information submitted to the MRED as of date and time shown below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings may have been excluded from this website.
© . http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 21st April, 2026 3:57 PM (UTC)
© . http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 21st April, 2026 3:57 PM (UTC)
