14600 Kilpatrick AVE, Midlothian, IL 60445
$3,350,000
Est. payment /mo
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35,900 SqFt
Price Dropped by $100K

14600 Kilpatrick AVE Midlothian, IL 60445

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John Barnak III

John Barnak III

+1(630) 439-6385

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 35,900 sqft

Price per Sqft $93

MLS Listing ID 12570028

Annual Tax Amount $142,497

Tax Year 2024

Lot Dimensions 234x301

Property Sub-Type Industrial

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. 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 $3,350,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 9.24% 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.

Location

State IL

County Cook

Area Midlothian

Interior

Cooling None

Fireplace N

Building

Dwelling Type Industrial

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Craig Wolf of  Strauss Realty Ltd 

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John Barnak III

John Barnak III

Broker License ID: 471019889

+1(630) 439-6385

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14600 Kilpatrick AVE

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