IL
Cook
Midlothian
60445
14600 Kilpatrick Avenue
14600 Kilpatrick Avenue, Midlothian, IL 60445
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
1
$3,450,000

Home Details for 14600 Kilpatrick Avenue

Price
$3,450,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
County
Cook
Garage
Days on site
3
MLS Listing#
12570028
Property 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 86.1% 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.

Property Features
  • Cooling Information
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Listing Courtesy: Strauss Realty Ltd - 773-736-3600
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-02-24 17:30:29. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Last Updated: 2026-02-24 17:30:29
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EXIT TRUE DESIGN REALTY
11070 S. Western Ave. Suite 7, Chicago, IL 60643
Office
708 573 8801
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