640 Industrial Drive, Cary, IL

Project Size: 76,000 SF

Project Type: Acquisition of Vacant Building

Opportunity: Midwest acquired this functional property on a large land site which had significant deferred maintenance at an attractive price from a private seller looking to close his business

Value Added:

  • Patiently pursued the acquisition of this property through multiple listing brokers and a failed online auction process to finally purchase it over a year after MIF initial offer
  • Completely repositioned and modernized the property to make it market ready by demolishing over 60,000 SF of two story office warehouse mezzanine space, designing and building a new custom exterior entrance, painted the entire exterior, tuckpointed the masonry, improved drainage as well as installed new larger dock doors, new energy efficient windows, HVAC, lighting and completed landscaping enhancements
  • Sold the property to a growing forklift and equipment rental, sales and service company that needed the extra land