An industrial property located at 1118-1124 Morse Avenue in Schaumburg, NW Suburbs, Chicago has been sold. The property spans 20,620 square feet and was sold for a price of $1,300,000, resulting in a price per square foot of $63. The sale was facilitated by Olivia Czyzynski, Jennifer Hopkins, and Nathalie Fisher from SVN | Chicago Commercial.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,300,000
• Address: 1118-1124 Morse Avenue, Schaumburg, NW Suburbs, Chicago
• Broker: Olivia Czyzynski, Jennifer Hopkins, and Nathalie Fisher - SVN | Chicago Commercial

The industrial property consists of 20,620 square feet with one tenant occupying 10,600 square feet. The buyer of the property intends to occupy half of the building themselves while also generating income from the tenant. Despite being located in a high tax district, extensive target marketing resulted in multiple offers for the property. The seller had the parking lot redone prior to the sale, ensuring no deferred maintenance.

For more information about this transaction, please contact Olivia Czyzynski at [email protected] or call 312.676.1862.