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1529 N 31st Avenue, Melrose Park, IL 60160

Cook County

Key Facts

1962Year Built
3.39Lot (acres)
1Stories

Description

Fully renovated in 2022, this 39,000 SF industrial facility is designed for transportation, logistics, and fleet operations. The property features executive-quality offices, a modernized maintenance shop with professional-grade infrastructure, and a warehouse with both dock and drive-in loading. Recent capital improvements include a new roof, partial HVAC replacement, LED lighting throughout, a newly paved asphalt yard with cement dolly pads, and a comprehensive security system with 65 high-definition cameras. Strategically located in the O'Hare Industrial Submarket, the property offers immediate access to I-290, I-294, and I-88, and is just minutes from O'Hare International Airport. The facility can be delivered with equipment in place or vacant, providing flexibility for a wide range of industrial and transportation users. Originally built in 1962 and completely rehabilitated in 2022, this 3.39-acre site is zoned M-1 and offers approximately 50 stalls for trucks and trailers within a fully fenced yard featuring two secure gates. The warehouse and shop areas include nine exterior docks and five drive-in doors, while the yard has been resurfaced and equipped with new LED lighting and cement dolly pads. The building's roof was replaced in 2022, and half of the HVAC systems were upgraded the same year. Inside, the executive offices were fully remodeled with high-end finishes, conference rooms, and dispatch space. The shop area includes multiple lifts, compressor lines, an alignment machine for medium-duty trucks, a $300,000 oversized paint booth, and a dedicated parts room. A driver's room with washers, dryers, and showers adds to the facility's convenience and functionality. The truck wash bay is heated, vented, and equipped with a floor drain system. The shop offers 20-foot ceiling height with 18-foot clear height, while the warehouse has a 15-foot-6-inch ceiling with a 13-foot-6-inch clear height. The property is equipped with a sprinkler system, industrial-grade concrete flooring in excellent condition, and efficient LED fixtures throughout the interior and exterior. Additional highlights include a fully integrated security system, extensive yard lighting with automatic activation, and prime positioning within the Chicago metro trucking corridor. With its modern infrastructure, premium finishes, and unbeatable location near O'Hare, this facility offers a rare opportunity for transportation and logistics operators seeking a turnkey property in one of Chicago's most sought-after industrial submarkets.

Property Information

Property Type

Commercial Lease

Sub-Type

Industrial

Year Built

1962

Stories

1

Lot Size

3.39 acres

Zoning

WRHSE

Days on Market

200

MLS® Listing#

12492889

Property Features

Cooling

Central AirExhaust FanCeiling Fan(s)

Flooring

CarpetTileVinyl

Construction

BrickConcreteBlock

Utilities

Natural Gas Available

Directions

From N Mannheim Rd, go east on Division St, then left on N 31st Ave - 1529 N 31st Ave is on the left.

Affordability Calculator

$60,000

Estimated monthly payment

$1,597/mo

Principal $240,000 · Est. interest $334,821 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Melrose Park, IL

$346,410
Median Listing Price
30
Median Days on Market
1,654
Median Sq Ft
$210
Median Price / Sq Ft
962
Active Listings

Market statistics compiled from active EXIT Realty® and MLS listings in Melrose Park, IL.

Location

Map showing the location of 1529 N 31st Avenue, Melrose Park, IL 60160

Points of Interest in Melrose Park, IL

Showing the Melrose Park area map.

Nearby Schools

  • Grant Elementary School

    Elementary · 0.3 mi away

  • Grace Montessori School

    Elementary · 0.4 mi away

  • Grant Primary

    Elementary · 0.4 mi away

  • Stevenson Middle School

    Secondary · 0.6 mi away

  • Word of God

    School · 0.9 mi away

  • McNelty School of the First Ba

    School · 1.0 mi away

  • Melrose Park Elementary School

    Elementary · 1.0 mi away

  • RR Trade Schools

    Secondary · 1.1 mi away

  • McKinley Elementary School

    Elementary · 1.1 mi away

  • Thurgood Marshall Elementary School

    Elementary · 1.2 mi away

  • Bellwood School District

    Secondary · 1.2 mi away

  • Meca Elementary Christian School

    Elementary · 1.2 mi away

  • Whittier Elementary School

    Elementary · 1.3 mi away

  • Jane Addams Elementary School

    Elementary · 1.3 mi away

  • Scott Elementary School

    Elementary · 1.3 mi away

  • Jefferson Primary School

    Elementary · 1.3 mi away

  • School District 89

    School · 1.4 mi away

  • Walther Christian Academy

    School · 1.4 mi away

  • Pietrini Elementary School

    Elementary · 1.5 mi away

  • St Paul Lutheran School

    School · 1.5 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Melrose Park

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Listing Courtesy: Averta Realty - 2248040504

Based on information submitted to the MLS GRID as of 2025-10-10. 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.

Last Updated: 2025-10-10

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Mainstreet Organization of Realtors. MLS® Listing#12492889. © 2026EXIT Realty®. All rights reserved.