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Payne Industrial Works
$9.0M
Payne Industrial Works
3022 Payne Street, Evanston, Illinois
6.6% Cap Rate
51,400 Sq Ft
1987 Year Built
2.90 Lot Size
For Sale industrial
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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.

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