Properties

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Address Map
US
IL
Cook
Midlothian
60445
Kilpatrick
14600
Avenue
W88° 15' 54''
N41° 37' 37''
Located on Kilpatrick, north of 147th St.
Midlothian
Midlothian
Additional Information
35900
Other
Other
234x301
42
42
1
Strauss Realty Ltd
Craig Wolf
Financial
142497
Listing Information
Aaron Strauss
15401
Strauss Realty Ltd
878361
15401
MRED
Listing Information
1017035
15401
Strauss Realty Ltd
Active
2026-03-17T20:39:10Z
2026-02-22T06:05:25Z
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 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.

Commercial Sale For Sale

14600 Kilpatrick Avenue, Midlothian, Illinois 60445

$3,450,000
Listing ID#12570028
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12570028
Price : $3,450,000
Listing Status : Active
Property Sub Type : Warehouse
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