Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple interest offering of 180 Shepard Avenue, Wheeling, Illinois. This offering consists of a high-quality, single-tenant industrial facility comprised of approximately 20,000 square feet of functional warehouse and office space. Strategically located in the heart of the Wheeling Industrial Corridor, the property offers proximity to major transportation arteries, including Interstate 294 and Chicago Executive Airport, making it ideal for logistics, manufacturing, and distribution. The property is currently occupied by one on one Baseball Academy, with occupancy beginning in 2024. The tenant operates under an absolute net lease with approximately nine years remaining, providing stable in-place cash flow, zero landlord responsibilities, and 3 percent annual rental increases. This investment offers an attractive opportunity to acquire a well-located industrial asset with secure income and potential for long-term value appreciation. At the current list price of $2,125,000 the asset generates a net operating income of $169,950 which equates to a capitalization rate of 8.00 percent.