14600 Kilpatrick Ave.
Strauss Realty, Ltd. has been exclusively engaged to market for sale 14600 Kilpatrick Avenue, a multi-tenant industrial property located in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet across 42 individual units (currently 86.1% leased) with 80 parking spaces.
Building 1 : Units 1–14, each approximately 700 square feet (9,800 SF total)
Building 2: Units 15–42, each approximately 900 square feet (26,100 SF total). Select units are combined.
234′ x 301′ Lot (70,434 SF)
A shared, secured restroom is located between Units 16 and 17.
Investment Summary
The property is offered at a purchase price of $3,450,000 and features a diversified small-bay tenant base. Recent capital improvements include separating several double units into single units, installation of bollards around gas meters, a mastered key system via GoldyLocks, and new heaters in select units. Ownership is currently completing installation of a fire alarm system as required by the Village.
Operations & Lease Structure
Tenants are responsible for gas (heat), internet/phone, and maintenance within their units. Ownership pays for electric, water, refuse service (8-yard dumpster with twice-weekly pickup), internet for security cameras, and weekly professional restroom cleaning. Leases are structured as one-year terms with automatic renewals and no scheduled rent increases, providing stable in-place income with future upside potential.
- Sale Price: $3,450,000
- Property Tax: $142,497
- MLS: 12570028
- P.I.N.: 28-10-116-068-0000
- Building Type: Industrial
- Number of Stories: 1
- Building Square Feet: 35,900
Property Details
Midlothian
Midlothian, Illinois is a well‑established south suburban community with a population of roughly 14,000 residents and a median household income in the upper $60,000 range. The village benefits from its strategic position along key arterials such as 147th Street and Cicero Avenue, providing direct access to nearby commercial centers in Crestwood, Oak Forest, and Posen, as well as convenient connectivity to the greater Chicago region. The Midlothian Metra Station further supports steady daily commuter activity.
The area’s commercial landscape includes a mix of neighborhood retailers, national brands, medical offices, and service-oriented businesses concentrated along the primary corridors. Larger retail amenities—such as big‑box stores, grocery anchors, and fitness and dining options—are located just minutes away in adjacent suburbs, enhancing the overall trade area appeal. With more than 5,600 households and a strong owner‑occupied housing base, Midlothian maintains consistent demand for essential goods, services, and local conveniences.
Demographically, the community reflects a diverse and balanced population with a median age around 39 and employment spread across healthcare, retail, transportation, construction, education, and professional services. These varied employment sectors contribute to reliable daytime activity, while the mix of commuters and local residents supports predictable morning, evening, and weekend traffic patterns.