Flex Warehouse with
9311 S Kedzie Avenue Evergreen Park, IL 60805
9311 S Kedzie Avenue, Evergreen Park, IL, 60805
$227,900
For Sale
$227,900
COMMERCIAL - Evergreen Park, IL
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$91.16
Days on Market317
Property Features for 9311 S Kedzie Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 24013150050000
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 15800
Utilities
- Utilities
- Water Available
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick, Block, Vinyl Siding
- Roof type
- Rubber, Membrane
Listing Agency
RE/MAX 10
(708) 429-4300
15607 South Harlem Avenue, Oak Lawn, IL
Listed by
Bruce La Ha · License #475102758
(708) 857-1500
Added: Sep 5, 2025 Checked: Jul 18 at 11:06 am
MLS# 12465453
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 flex warehouse property was formerly used as an overhead door company established in 1939 and is being offered for sale as-is. The building is a 2,500-square-foot brick commercial structure with front office space that includes a bathroom and a rear warehouse space served by an overhead door. Parking is available in front and in the rear drive-in area with door access, and the layout supports multiple possible uses. A second-story expansion is also noted as possible.
The property is located on S Kedzie Avenue in Evergreen Park, IL and includes a large sign on Kedzie Ave. The roof is described as being two years old.
With a dedicated office component and an overhead-door warehouse area, the building is suited to a range of light industrial and flex-type operations that require both customer-facing space and shop/warehouse space.
The property is located on S Kedzie Avenue in Evergreen Park, IL and includes a large sign on Kedzie Ave. The roof is described as being two years old.
With a dedicated office component and an overhead-door warehouse area, the building is suited to a range of light industrial and flex-type operations that require both customer-facing space and shop/warehouse space.
Key Highlights
- 2,500 SF brick Flexicor commercial building formerly used as an overhead door company
- Front office space with bathroom and rear warehouse space with an overhead door
- Central air and utilities include water available
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 | $23.6k | $9.43 |
| − Vacancy | −$1.3k | −$0.52 |
| EGI | $22.3k | $8.91 |
| − OpEx | −$3.3k | −$1.34 |
| NOI | $18.9k | $7.57 |
2,500 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$766.3K
$670.5K – $894.0K
NOI $53,640 @ 7.0% cap · market cap 23.54%
Second Best
Flex RnD
$412.3K
$360.8K – $481.0K
NOI $28,860 @ 7.0% cap · market cap 12.66%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,512 @ 7.0% cap · market cap 36.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Brick flex building with front office and rear warehouse featuring an overhead door, plus front and rear parking.
Where is this flex space located?
The property is located at 9311 S Kedzie Avenue Evergreen Park, IL.
What is the asking price?
The asking price for this property is $227,900.
What are key features of this property?
This property features: 2,500 SF brick Flexicor commercial building formerly used as an overhead door company; Front office space with bathroom and rear warehouse space with an overhead door; Central air and utilities include water available
