660-Unit Self-Storage Facility Planned for Suburban Chicago
Lake Forest, Ill.-based Metro Storage LLC has announced plans to convert a former warehouse in the village of Northbrook into a state-of-the-art self-storage facility.
By Ioana Neamt, Associate Editor
Rendering of the proposed building conversion
Lake Forest, Ill.-based Metro Storage LLC has announced plans to convert a former warehouse in the village of Northbrook into a state-of-the-art self-storage facility. According to a news release, the industrial building located at 2121 Shermer Road will be redeveloped into a two-story, state-of-the-art Metro Self Storage facility encompassing 67,000 rentable square feet of storage space in 660 climate-controlled units.
“There is high demand for quality self storage in the Chicago area,” said Matt Nagel, chairman of Metro Storage. “This property is located in excellent location to meet that demand.”
The Chicago Tribune also reports that self-storage demand in Northbrook is growing at a steady pace, with various projects in the pipeline, although Northbrook currently has only one such facility, the Storage Mart at 2727 Shermer Road.
Demolition and redevelopment work is scheduled to begin in May 2015, with completion expected in the fall. The new facility, the company’s 18th in the Chicago area, will incorporate multiple elevators and loading points, a spacious business office and state-of-the-art security systems. The developer will also add a second-floor mezzanine within the new facility.
The warehouse at 2121 Shermer Road was built in 1970 and is valued at $370,416, according to data collected by Property Shark.
Image courtesy of Metro Storage LLC
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