Owner-User Investment Opportunity

For Sale

8035 Austin Avenue, Morton Grove, IL 60053

This Morton Grove property for sale is located at 8035 Austin Avenue. The current listed sale price for Owner-User Investment Opportunity is $2,825,000. Owner-User Investment Opportunity is situated on a lot that is 1.89 acre in size.

Contacts

broker
John Joyce

SVN | Chicago Commercial

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 35,360 SF
  • Lot Size 1.89 Acre
  • Additional Rent Contact for pricing
  • Parking Ratio 1.86 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1964
  • Date Updated Dec 18, 2024
  • Dock High Doors 2
  • Grade Level Doors 1
  • Fire Sprinklers Wet
  • HVAC None
With 8035 Austin's proximity to major highways and public transportation, Morton Grove provides convenient access for industrial and manufacturing businesses. Nearby attractions such as the Prairie View Shopping Center and Henry J. Schinlder Park also offer opportunities for leisure and entertainment. The location's strategic positioning near various dining options and businesses creates a dynamic environment for employees and visitors. The Village of Morton Grove is one of Chicago's inner-ring northern suburbs in Cook County. Morton Grove is conveniently located south of Golf, Glenview, and Wilmette, west and north of Skokie, and east and north of Niles. Near Lehigh Ave and Oakton Street, 2.5 miles from I-94, 5 miles to I-294, 7.5 miles to I-90, 15 miles to I-290, and 8.5 miles to O'Hare International Airport.This 35,360 SF industrial property, built in 1964, offers an attractive opportunity for investor-owners seeking a combination of operational space and passive income. With existing tenants in place, the property provides immediate rental income while allowing for flexible usage. Owner-User Space: 14,355 SF available for your business operations. Income Potential: Existing tenants ensure steady cash flow and mitigate holding costs. Zoning: M-1, suitable for light manufacturing, warehousing, and various commercial uses. Prime Location: Strategically positioned in the Chicago metro area, benefiting from excellent access to regional transportation and business networks. This property balances the advantages of a functional industrial space with the financial benefits of rental income. A rare opportunity to enhance your portfolio with a versatile asset that supports both business operations and long-term investment goals.
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Highlights

  • Owner-User Industrial Opportunity
  • Warehousing, Wholesaling, and Service businesses welcomed
  • Some Retail uses permitted that service Industrial uses
  • Stabilized income-producing property
  • Excellent accessibility to the Interstate system, Oakton Avenue, Dempster Street, Golf Road, and Waukegan Road.
  • Nearby Major Roadways: I-94 via Touhy Ave and Dempster St, I-294 via Touhy Ave and Dempster St, Downtown Chicago 17 mi, O'Hare International Airport 8.5 mi, and Midway International Airport 24 mi.
  • A new roof was installed in 2023
  • Shore Community Services will have invested over $1 million after their facility improvements are completed

Getting around

  • 53/100

    Walk Score ®

  • 32/100

    Transit Score ®

  • 49/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Morton Grove, IL
  • Zip Code 60053
  • Market Chicago

Points of Interest

  • Morton Grove

    0.66 miles

  • Dempster-Skokie

    1.46 miles

  • Oakton-Skokie

    1.48 miles

  • Norwood Park

    2.78 miles

  • Edison Park

    2.79 miles

  • Park Ridge

    3.12 miles

  • Forest Glen

    3.60 miles

  • Wilmette

    4.85 miles

  • Main

    4.98 miles

  • South Boulevard

    5.03 miles

  • Marathon

    0.11 miles

  • Citgo

    0.91 miles

  • BP

    1.00 miles

  • Mobil

    1.00 miles

  • Shell

    1.03 miles

  • Tesla Supercharger

    1.47 miles

  • Blink

    2.07 miles

  • Volta Charging Station

    2.53 miles

  • ChargePoint

    3.89 miles

  • Tesla Destination Charger

    5.88 miles

  • Enterprise

    0.88 miles

  • Shell

    1.08 miles

  • Budget

    1.35 miles

  • Auto Spa Hand Car Wash

    1.46 miles

  • Skokie Car Wash

    1.57 miles

  • Mobil

    1.63 miles

  • Waterway

    2.03 miles

  • Chicago Private Car Service

    2.27 miles

  • Citgo

    2.38 miles

  • Norwood Park Hand Car Wash and Detailing

    2.71 miles

  • China Chef

    0.53 miles

  • Pequod's Pizza

    0.66 miles

  • Burt's Place

    0.76 miles

  • Barnaby's Pizza Pub

    0.86 miles

  • Filipino Food Catering

    0.87 miles

  • Kababjees

    0.88 miles

  • Dunkin'

    0.88 miles

  • Subway

    0.89 miles

  • China Town Restaurant

    0.90 miles

  • El Sol Mexican Restaurant

    0.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
John Joyce

SVN | Chicago Commercial