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Payne Industrial Works
industrial

Payne Industrial Works

3022 Payne Street, Evanston, ILLINOIS

$9.0M
Size
51,400 SF
Year Built
1987
Cap Rate
6.6%
Lot Size
2.90 AC
Walk Score
76
Investment Grade
A-
Days on Market
59
24/7 Access Control On-Site Parking EV Charging Fiber Connectivity On-Site Property Management
Overview

A Strategic Industrial Investment Opportunity in Evanston

Neighborhood: West Evanston / Industrial Corridor

Listing Price: $8,950,000 (Confidentiality Agreement Required Prior to Private Viewing)

Property Type: Industrial / Warehouse & Flex Asset

Status: Exclusive Offering

Positioned in Evanston’s limited-supply industrial corridor, Payne Industrial Works presents a compelling opportunity to acquire a versatile industrial asset in one of Chicagoland’s most desirable infill submarkets. The property benefits from strong connectivity to regional transportation routes, access to dense consumer populations, and sustained demand for logistics, storage, and light manufacturing space.

The asset features efficient warehouse configurations, flexible operational layouts, loading access, and functional clear heights suitable for a variety of industrial users. Its strategic location near major commuter routes and urban business centers enhances long-term tenant demand and supports stable occupancy in a highly competitive market.

Availability

Site Plan

Payne Industrial Works
1 unit available
15,120 SF total available
1 total units
Available
Occupied
Pending
Unit Tenant SF Status
1 Walgreens 15,120 available
Location

Where It Is

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Payne Industrial Works