Investment Overview

Infill Industrial Redevelopment or Value-Add Lease-Up Opportunity: 1821 S. 54th Avenue offers a rare opportunity to acquire a 2.44-acre industrial site with an existing over 47,281-square-foot building in one of Chicago’s most established infill industrial corridors. The asset supports a dual investment strategy, with redevelopment representing the highest and best use. Redevelopment Opportunity (Primary Thesis) = $9.17 per land square foot The site is ideally suited for modern industrial redevelopment: • Infill location is just west of Chicago with strong access to I-290, I-55, and key arterials • Large 2.44-acre parcel capable of supporting new warehouse, flex, or yard-oriented industrial • Existing improvements (c. 1931) likely functionally obsolete, making demolition and new construction economically viable • Industrial zoning ( L- I Light Industrial) allows a wide range of logistics and manufacturing uses Positioning: Covered land play targeting new infill industrial or contractor yard development. Value-Add Lease-Up (Secondary Strategy) The existing approximately 47,281-square-foot building provides near-term income potential: • Suitable for light manufacturing, storage, or service users • Demand from contractors, small bay users, and owner-users seeking proximity to Chicago • Opportunity to reposition rents and improve occupancy with moderate capital However, older construction may limit long-term competitiveness versus modern product. Key Highlights • 2.44-acre infill site in supply-constrained market • Dual execution strategies: redevelopment or lease-up • Light Industrial zoning (L - I) • Strong demand from last-mile and local industrial users • Value creation through modernization or repositioning Summary While the existing building offers short-term leasing upside, the primary opportunity is to reposition the site into a modern infill industrial asset, capturing long-term value in a high-demand, supply-constrained location.