Industrial Flex Warehouse
4500 137th Street Crestwood, IL 60418
New
4500 137th Street, Crestwood, IL, 60418
$2,275,000
For Sale
$2,275,000
COMMERCIAL - Crestwood, IL
Property Size21,872 SF
Lot Size1.42 Acres
Price / SF$104.01
Days on Market4
Property Features for 4500 137th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- INDUS
- Standard status
- Active
- APN
- 28031014200000
- Lot size
- 1.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 60251
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Concrete
- Building materials
- Block
- Roof type
- Membrane
Listing Agency
RE/MAX Liberty
(630) 825-2700
1100 Nerge Rd. Ste. 204, Elk Grove Village, IL
Listed by
Elizabeth Cain Waller
(847) 217-5795
Added: Jul 15 Checked: Jul 18 at 1:06 pm
MLS# 12701612
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.
This for-sale industrial flex warehouse property consists of four separate units in an all-brick/CBS construction building on 1.42 acres. Each unit has its own furnace, AC, hot water tank, and water, supporting independent operations. Interior height is 20 feet, with 14x10 garage doors serving the units. The final unit includes a spraying boot on the north side.
The property is located in an industrial business park with easy access to Interstate.
Units total approximately 21,872 square feet, and the configuration is suited to tenants who need warehouse space with individual mechanical systems and separate access via garage doors.
The property is located in an industrial business park with easy access to Interstate.
Units total approximately 21,872 square feet, and the configuration is suited to tenants who need warehouse space with individual mechanical systems and separate access via garage doors.
Key Highlights
- All block (CBS) construction on 1.42 acres; 4‑unit property built in 1988
- 4 units totaling approximately 21,872 SF with separate furnaces, AC, hot water tanks, and water for each unit
- Central air and natural gas available; concrete flooring throughout
Local Financial Insights For Warehouse
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 | $141.7k | $6.48 |
| − Vacancy | −$7.2k | −$0.33 |
| EGI | $134.5k | $6.15 |
| − OpEx | −$20.2k | −$0.92 |
| NOI | $114.3k | $5.23 |
21,872 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$3.29M
$2.88M – $3.84M
NOI $230,312 @ 7.0% cap · market cap 10.12%
Second Best
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,327 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$7.55M
$6.61M – $8.81M
NOI $528,598 @ 7.0% cap · market cap 23.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cooper Tires
(Bike/Boat/Book/etc) Store
Custom Tire INC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Babe With A Board — 5024 Circle Ct, Crestwood, IL 60418
FAQs
What type of property is this?
Flex space - Four all-brick flex/warehouse units on 1.42 acres, each with separate HVAC and hot water systems.
Where is this flex space located?
The property is located at 4500 137th Street Crestwood, IL.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: All block (CBS) construction on 1.42 acres; 4‑unit property built in 1988; 4 units totaling approximately 21,872 SF with separate furnaces, AC, hot water tanks, and water for each unit; Central air and natural gas available; concrete flooring throughout
