$3,450,000

35,900

square ft

14600 Kilpatrick Avenue

Midlothian, Illinois 60445

Active / MLS #12570028 / Industrial / Midlothian

Listing information updated 3/17/2026 at 3:43pm

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, currently 90.5% leased. 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 $3,450,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 8.98% 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.

Full Features

Cooling System:

None

Stories:

Ceiling Height:

# of Drive-In Doors:

Building Square Feet:

35,900

Minimum Ceiling Height:

Maximum Ceiling Height:

Current Net Income:

$309,645

Taxes & Assessments

Tax Amount:

$142,497

Tax Year:

2024

Location

Zip Code:

60445

City:

Midlothian

County:

Cook

Cooling System:

None

Stories:

Ceiling Height:

# of Drive-In Doors:

Building Square Feet:

35,900

Minimum Ceiling Height:

Maximum Ceiling Height:

Current Net Income:

$309,645

Tax Amount:

$142,497

Tax Year:

2024

Zip Code:

60445

City:

Midlothian

County:

Cook

Listing Office: Strauss Realty Ltd

Listing Office Phone: 773.736.3600

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/17/2026 at 3:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.