14600 Kilpatrick Avenue, Midlothian, IL 60445
Cook County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Warehouse
Stories
1
Living Area
35,900 sq ft
Lot Size
70,434 sq ft
Lot Dimensions
234x301
Days on Market
134
MLS® Listing#
12570028
Property Features
Cooling
Financial Details
Annual Taxes
$142,497
Tax year 2024
Parcel Number
28101160680000
Directions
Located on Kilpatrick, north of 147th St.
Affordability Calculator
$670,000
Estimated monthly payment
$17,830/mo
Principal $2,680,000 · Est. interest $3,738,838 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Midlothian, IL
- $266,667
- Median Listing Price
- 33
- Median Days on Market
- 1,251
- Median Sq Ft
- $199
- Median Price / Sq Ft
- 24
- Active Listings
- This home’s price is 1156% above the area median.
- Its price per sq ft is 53% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Midlothian, IL.
Location
Points of Interest in Midlothian, IL
Showing the Midlothian area map.
Nearby Schools
Bright Visions Learning Academy
School · 0.3 mi away
Kolmar Elementary School
Elementary · 0.5 mi away
Ridge Early Childhood Center
School · 0.7 mi away
St Christopher School
Secondary · 0.7 mi away
Forest Ridge School District 142
Elementary · 0.8 mi away
Homewood Christian Academy
School · 0.8 mi away
Springfield Elementary School
Elementary · 1.0 mi away
Midlothian School District 143
School · 1.0 mi away
Oak Forest High School
Secondary · 1.2 mi away
Bremen High School
Secondary · 1.2 mi away
St Damian School
School · 1.3 mi away
Jack Hille Middle School
Secondary · 1.5 mi away
Central Park Elementary School
Elementary · 1.5 mi away
Nathan Hale Middle School
Secondary · 1.6 mi away
Eisenhower Coop-DHH Program
School · 1.7 mi away
Nathan Hale Intermediate School
Elementary · 1.7 mi away
Arbor Park Middle School
Elementary · 1.7 mi away
Nathan Hale Primary School
Elementary · 1.7 mi away
Deaf/Hard of Hearing Program
School · 1.7 mi away
Champions at Hale Primary
Elementary · 1.7 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Midlothian
Listing Courtesy: Strauss Realty Ltd - 7737363600
Last Updated: 2026-02-16