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19588 IL-173, Antioch, IL, 60002

Blackwing Meats & Old Mill Creek Store

$5,500,000

Key Information

Tot. SF
23,100
Lot Size
2.53 Acres
Year Built
1970
Type
Industrial

Highlights

Investment Highlights

• 18′ Clear Ceiling Heights: Across a ±23,100 SF processing and distribution facility.
• Established Cold-Chain Infrastructure: Including a 225 hp primary freezer (250-pallet capacity) and a 5 hp cooler, with a second finished-goods freezer underway.
• Functional Loading: 2 loading docks plus 1 drive-in door supporting efficient inbound and outbound logistics.
• Recent Building Improvements: Water, gas, and electric lines under 10 years old, new septic system, heated freezer/dock floors, and new windows, AC, and bathrooms.
• Diversified Revenue Base: Spanning Sysco/US Foods distribution, direct food-service sales, retail, and a 50,000+ customer e-commerce channel with an 86% reorder rate.
• Vertically Integrated Operations: From processing through wholesale, retail, and direct-to-consumer channels.
• Differentiated Product Offering: Proprietary ostrich-based non-allergenic dog food product line.
• Ample On-Site Parking & Expansion Potential: ±75 parking spaces on a 2.53-acre site (possibly up to 3.5 acres), with room for future growth.

Financial Summary

• Asking Price: ~$5,500,000 for the real estate and operating business; formal
appraisal pending.
• Trailing Annual Revenue: ~$7,000,000, with prior-year output reaching as high as
$11,000,000 under the current owner’s full workload.
• 2026 Projected Revenue: $8,000,000–$8,500,000 (approximately $7,000,000
from wholesale/distribution plus ~$1,000,000 from the retail store).
• Distribution Channels: Sysco, US Foods, direct food-service accounts, retail, and
e-commerce (50,000+ customers, 86% reorder rate).
• Transaction Structure: Sale of real estate and operating business as owner transitions
into retirement.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661