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Listing provided courtesy of Strauss Realty LtdMREDas Distributed by MLSGrid- MLS# 12570028MLS Provider

14600 Kilpatrick AvenueMidlothian, IL 60445

Commercial · 35,900 Sq. ft.
$3,350,000 Active

14600 Kilpatrick Avenue Overview

Time on Site:
133 days
Visits:
3

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. 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 $3,350,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 9.24% 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.

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14600 Kilpatrick Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 35,900
  • Price/Sq.ft. $93

Details

General

Income/Expenses

  • Gross Income: 999
  • Gross Scheduled Income: 999
  • Net Operating Income: 309645
  • Operating Expense: 999

Building Information

  • Year Built: 0

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Midlothian

Tax Information

  • Tax Annual Amount: $142,497.00
  • Tax Year: 2024

General Information

  • Parcel Number: 28101160680000
  • Property Sub Type: Warehouse
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 35900

General Information

  • Cooling: None
  • Electric: Other
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 35900

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 234x301
  • Lot Size Square Feet: 70434

General Information

  • Number Of Units Total: 42

14600 Kilpatrick Avenue Neighborhood

Community

60445 (Midlothian) Demographics

43
Median Age
3,641
Population Density (per sq. mile)
31%
College Educated
$61,286
Estimated Median Income
8,223
Estimated Total Home Owners
2,574
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

14600 Kilpatrick Avenue Monthly Cost

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$ %
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$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

14600 Kilpatrick Avenue Market Data

Based on the last 30 days in this zip code

$252,042
Average List Price
$211
Average Price per Square Foot
27
Properties Sold
43
Average Days on Market
86
Properties for Sale
Calculations provided by Reliance Network

14600 Kilpatrick Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/23/2026Source: MRED Price Reduction
$3,350,000 -2.9%
6/23/2026Source: MRED Status Change
Price Change
2/21/2026Source: MRED Status Change
Active
2/16/2026Source: MRED Added to Database
February 16, 2026