±123,600 SF Warehouse & Office on 7.0 AC | Incentives

80-90 North Street Park Forest, IL 60466

80-90 North Street, Park Forest, IL, 60466
80-90 North Street, Park Forest, IL, 60466
FOR SALE FOR LEASE
Property Type:
Factory
Amount:
$5,500,000
Last Verified:
Jun 10, 2026

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Highlights


Description

A rare large-scale owner/user or redevelopment opportunity within Chicago’s emerging Southland industrial corridor, offering institutional-scale optionality, strong transportation access, attractive basis economics, and alignment with ongoing regional economic development initiatives. Positioned for transformation, 80–90 North Street offers a unique opportunity to acquire and reposition a substantial industrial business park asset in Park Forest, Illinois.

The property consists of ±123,600 SF of office and industrial space situated on 7.0 acres, featuring existing cold storage infrastructure, food production capabilities, and functional warehouse configurations designed to support a variety of manufacturing and distribution operations.

With strong infrastructure already in place and significant adaptability for future users, the property is ideally suited for industrial redevelopment, owner-user occupancy, or customized build-to-suit execution.

Introducing 80-90 North Street, a ±123,600 square foot Office and Industrial Warehouse Redevelopment opportunity on approximately 7.00 acres in Park Forest, Illinois. This prior Food Manufacturing Facility can be built-to-suit for multiple manufacturing uses. The Warehouse provides 5 cold rooms or storage rooms, allowing for over 1,100 pallet positions. A total of 7 docks- 5 interior and 2 exterior- and 3 drive-in doors. Two-story office with conference and break rooms. All concepts and uses will be considered. Additional Fenced Yard available of 69,120 SF for $5,000 per month Gross.

Park Forest is a Village in Cook County, Illinois and 37 miles south of the Chicago Loop and 10 miles to the Indiana border. Easy access along Lincoln Highway to I-57 and I-394.


Year Built: 1960
Building Size: 123600sq ft
Lot Size: 7.0 acres


Documents

Offering Memorandum 2026

Units for Lease

Full Property
Space Available: 123600 SF
Lease Type: NNN

Price Per Sqft/Year: $9.00
Office
Space Available: 23500 SF
Lease Type: NNN

Price Per Sqft/Year: $9.00
Fenced Yard
Space Available: 69120 SF
Lease Type: Gross

Price Per Sqft/Month: $5000.00

Map of 80-90 North Street, Park Forest, IL, 60466

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.