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$7.00M
Existing building with industrial characteristics suitable for repurposing
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This multi-tenant industrial portfolio in Harvey, Illinois comprises 166,400 square feet across four properties currently 81.61% occupied. The assets are offered at $42.07 per square foot with functional small-bay configurations and existing modified gross lease structures averaging $8.91 per square foot. The current weighted average lease term stands at 1.63 years, providing near-term repositioning flexibility. The short-term lease profile and partial vacancy present an opportunity to acquire industrial shells at scale for conversion or redevelopment. Harvey's proximity to major Chicago infrastructure corridors and the functional bay layouts offer potential for strategic use by organizations seeking turnkey industrial space or adaptive reuse candidates in the greater Chicago market.
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