Construction Equipment Showroom &
For Sale
$3,495,000
26336 Heritage Drive, Elwood, IL 60421
COMMERCIAL - Elwood, IL
Property Size10,985 SF
Lot Size3.29 Acres
Price / SF$318.16
Days on Market8
Property Features for 26336 Heritage Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PUD
Directions
Route 53 South to W Mississippi Rd to Heritage Dr.
Subdivision
Elwood
Standard status
Active
APN
1011292060080000
Lot size
3.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
32502
Utilities
Cooling system
Central Air, Other (Cooling)
Amenities
showroom
private offices
service counter
customer waiting area
ADA-compliant restrooms
break room with kitchenette
utility room
fire sprinkler system
monitored fire alarm
security camera and alarm systems
Starlink internet
wash bay
pressure washer
triple trap basins
fenced yard
perimeter fence with gates
Building Details
Year built
2024
Floors in Building
2
Number of units
1
Flooring type
Concrete
Building materials
Steel Siding, Wood, Brick Veneer
Roof type
Metal
Listing Agency:
RE/MAX Ultimate Professionals · RE/MAX International
(815) 725-4545
Listed By:
Daniel Condon · License #475178004
(815) 725-4545
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 30 at 4:06PM
MLS# 12706689
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2025, this purpose-built 10,985 SF construction equipment showroom and shop is situated on 3.29 acres with the possibility to expand to 5.45 acres. The building is designed for efficient sales and service operations, with a showroom that includes three private offices, a service counter, a customer waiting area, and two ADA-compliant restrooms. The shop features approximately 20-foot ceilings with 18-foot clear height, in-floor radiant heat, and 8-inch concrete floors. Additional improvements include a massive 23' x 70' wash bay with a Hotsy 3,000 PSI hot water pressure washer, a break room with kitchenette, a utility room, and a third ADA-compliant restroom.
The property is secured by a 6-foot perimeter fence with oversized 40-foot aluminum gates and offers approximately 2.17 +/- acres of paved, concrete, and gravel yard space for equipment and commercial vehicles. Zoning is described as a special use PUD approved by the Village of Elwood under a C-2 General Commercial framework, with approvals tied to the sale and lease of small and mid-sized construction equipment and machinery with limited repairs, along with other compatible uses under a special use permit. The facility is equipped with fire sprinklers, monitored fire alarm, security camera and alarm systems, 208V 400-amp three-phase power, triple trap basins, and Starlink internet. Access includes one 14' x 14' overhead door with opener, three 16' x 16' overhead doors with opener, and one 10' x 9' showroom overhead door, and the site is positioned along a corridor with approximately 6,100 average annual daily traffic (AADT).
The property is secured by a 6-foot perimeter fence with oversized 40-foot aluminum gates and offers approximately 2.17 +/- acres of paved, concrete, and gravel yard space for equipment and commercial vehicles. Zoning is described as a special use PUD approved by the Village of Elwood under a C-2 General Commercial framework, with approvals tied to the sale and lease of small and mid-sized construction equipment and machinery with limited repairs, along with other compatible uses under a special use permit. The facility is equipped with fire sprinklers, monitored fire alarm, security camera and alarm systems, 208V 400-amp three-phase power, triple trap basins, and Starlink internet. Access includes one 14' x 14' overhead door with opener, three 16' x 16' overhead doors with opener, and one 10' x 9' showroom overhead door, and the site is positioned along a corridor with approximately 6,100 average annual daily traffic (AADT).
Key Highlights
- 10,985 SF Lester Building completed in 2025 on 3.29 acres, with possibility to expand to 5.45 acres
- C‑2 General Commercial zoning with special use PUD zoning with the Village of Elwood for small/mid‑sized construction equipment sales and limited repairs
- Shop includes in‑floor radiant heat, 20' ceilings with 18' clear height, and 8" concrete floors plus a 23' x 70' wash bay with Hotsy 3,000 PSI washer
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.8k | $15.00 |
| − Vacancy | −$16.5k | −$1.50 |
| EGI | $148.3k | $13.50 |
| − OpEx | −$44.5k | −$4.05 |
| NOI | $103.8k | $9.45 |
10,985 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,808 @ 7.0% cap · market cap 2.97%
Second Best
Flex RnD
$738.4K
$646.1K – $861.5K
NOI $51,687 @ 7.0% cap · market cap 1.48%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,398 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
6,100 VPD
Traffic count
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60421, IL
3,734
Population
1,645
Households
2.3
Avg Household Size
45
Median Age
18%
College-Educated
96%
High-School Grad
59.8 sq mi
ZIP Area
62
Density / Sq Mi
$101,818
Median Household Income
$51,306
Median Earnings
$989
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Nearly new 10,985 SF facility with showroom offices, heated shop, wash bay, and multiple overhead doors on fenced yard.
Where is this flex space located?
The property is located at 26336 Heritage Drive Elwood, IL.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 10,985 SF Lester Building completed in 2025 on 3.29 acres, with possibility to expand to 5.45 acres; C‑2 General Commercial zoning with special use PUD zoning with the Village of Elwood for small/mid‑sized construction equipment sales and limited repairs; Shop includes in‑floor radiant heat, 20' ceilings with 18' clear height, and 8" concrete floors plus a 23' x 70' wash bay with Hotsy 3,000 PSI washer
