14600 Kilpatrick Avenue
Midlothian, IL, 60445
$3,450,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12570028 image #0
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.

Property Details

Price:
$3,450,000
MLS #:
MRD12570028
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Warehouse
Neighborhood:
midlothian
Listed Date:
Feb 16, 2026
Total Sq Ft:
35,900
MidlothianMidlothian

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Interior

Cooling
None

Exterior

Stories
1

Financial

Net Operating Income
$309,645
Tax Year
2024
Taxes
$142,497

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Community

Market Summary

Current real estate data for Commercial in Midlothian as of Jun 20, 2026
12
Commercial Listed
101
Avg DOM
$1,218,550
Avg List Price

Property Summary

    14600 Kilpatrick Avenue Midlothian IL is a Commercial for sale in Midlothian, IL, 60445. It is listed for $3,450,000

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14600 Kilpatrick Avenue
Midlothian, IL