The subject property is a single-story, multi-tenant Class C office building with 35,536 SF, well situated in the Park West Business Center industrial park between Gary Avenue and Schmale Road. The building is located in the Village of Carol Stream, in DuPage County. The county has low real estate taxes for the general metro area. Currently 38% occupied, the property has five (5) tenants, including the owner's suite and vacancies totaling 15,717 SF. All of the vacancies are contiguous and can be individual or combined suites. The property is in fair condition and has some deferred maintenance. The roof is older and at the end of its life. There are 12 rooftop HVAC units, two were replaced in 2021 and the remaining are in good, functioning condition. The property is situated on 2.63 acres with a parking lot that surrounds the building on three sides and is in fair condition. Overall the building requires capital improvements primarily with the need to replace the roof in the near future. The asking price takes this work into consideration. A buyer can either occupy the building in full, with the majority of leases shorter term, or can choose to retain some or all of the tenants, including the owner, The Inter-Local Pension Fund. This is ideal as both an owner/user building or a value-add investment opportunity and historically has had strong occupancy. Units ranging from 582-10,000 SF available for lease featuring a wide open area. Private entrances. Move-in ready condition. No loss factor. Ideal for small companies and a work-from-home alternative. The property offers great parking and on-site management.
Lot & Building Features
Lot DimensionsPER SURVEY
Price History of 455 Kehoe, Carol Stream, IL
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455 Kehoe (MLS #11911504) is a commercial listing located in Carol Stream, IL.
This is a commercial listing with a lot of 114,563 sqft (or 2.63 acres). This property was listed on 10/18/2023 and has been priced for sale at $1,700,000.
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