Redevelopment Ideas for a 100,000 Square Foot Box on 8 Acres in a Chicago Suburb
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[{"id": "gr1ac17", "text": "Post office. Nnn.", "replies": [], "depth": 1}, {"id": "gr1ezww", "text": "Depending on the suburb, NIMBYism varies from village to village, selling part of the site for townhome development could be useful, feasible, and help finance any upgrades you need. Also, pending building characteristics, a warehouse / distribution center could be an option too.\n\nKnowing Chicago, and the state of retail in the burbs, and the economy, but not your exact situation, I'd suggest staying away from big box retail proper unless you can nab a TJ Maxx or one of the stronger national retailers.\n\nAgain, I don't know your situation, but if you want to DM me I was until recently doing market research for an international CRE investment/management firm + have a good grasp on Chicagoland political dynamics and am happy to give some 10k sf views instead of the 30k I'm giving here.", "replies": [{"id": "gr28odv", "text": "Yeah its so specific to the village, location and zoning that its impossible to answer OP's question. Also is it a Cook County fiscal black hole or one layer out. \n\nI've done some industrial repositions in a south suburb near Indiana (still Cook), helped bring in jobs, know the village staff etc. Hit them up about a big box conversion to industrial as its in a great spot for it, on a major highway interchange but set far back from the road, no residential around it. Already has enough dock wells in back etc. Probably 500k+ sq ft vacant in the corridor, this building was \\~80k. Taxes were $8/ft on vacancy or something stupid like that. I said let me do a 6b and get some jobs in there. \"No way, the Village wants retail in there.\"  okay....good luck with that! Like any big retailer in their right mind is going to set up a stone's throw from Indiana. Some of these villages can't see the writing on the wall to get out of their own way.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gr1s84g", "text": "VR and ESport Arena.", "replies": [], "depth": 1}, {"id": "gr29wa9", "text": "Climbing gym, church, indoor sports/soccer/lacrosse complex, temp controlled storage, some combo of all the above.", "replies": [], "depth": 1}, {"id": "gr2krvf", "text": "Massive Cannabis grow operation?", "replies": [], "depth": 1}, {"id": "gr2lxri", "text": "Have some Chicago retail teams come in and pitch how they would market the site or have a capital markets team give you highest-and-best use recommendations. \n\nAsking a small sub this question with incredibly vague information isn\u2019t a good way to get good suggestions.", "replies": [], "depth": 1}, {"id": "gr3al46", "text": "Pull a 50,000 Amp electrical service, get a tech company to fill it with servers. Have them pay to fit it with a pricey HVAC system for some free rent, then rent it NNN. add solar panels on the roof as well, solar energy companies will lease the roof space from you if it gets good sun.", "replies": [], "depth": 1}, {"id": "gr3wzld", "text": "Have you worked with Kevin Rocio, before?", "replies": [{"id": "gr4dzt0", "text": "I have not. Is he a broker?", "replies": [{"id": "gr642k4", "text": "Yes he his, really good at what he does as well! Let me know if you\u2019d like me to connect you two.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]