Flex Space with Overhead
10009-11 W Franklin Avenue N Unit 10009, Franklin Park, IL 60131
For Sale
$389,000
Open-format commercial space with delivery access, flexible ceiling clearance, and two-and-a-half baths.
Property Size5,500 SF
Price / SF$70.73
Days on Market122
Property Features for 10009-11 W Franklin Avenue N Unit 10009
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Building Size
Listing Agency:
RCI Real Estate Group
Listed By:
Ben Cocogliato
(847) 455-0101
Source:
Dawnmckennagroup
Added: Jul 11
Changed: Nov 8
Last Checked: Nov 8 at 12:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RCI Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space offering comprises the east portion of an approximately 5,500-square-foot structure, with 2,650 square feet of open interior area. The space includes a 10-foot overhead delivery door at the rear, approximately 12 feet of ceiling clearance, and two-and-a-half baths. An electric water heater serves the premises, and the building dates to 1955.
Located at 10009-11 W Franklin Avenue N in Franklin Park, the property provides a practical configuration for commercial occupancy with direct rear delivery access. The available area is defined by its open layout and functional service features.
Located at 10009-11 W Franklin Avenue N in Franklin Park, the property provides a practical configuration for commercial occupancy with direct rear delivery access. The available area is defined by its open layout and functional service features.
Key Highlights
- 2,650 square feet in the east portion of an approximately 5,500‑square‑foot structure
- 10‑foot overhead delivery door at the rear
- Approximately 12 feet of ceiling clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,749
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,980
$575.0K
Cap Rate 7%
$410,700
$410.7K
Cap Rate 9%
$319,433
$319.4K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$35.6K $6.48/SF
− Vacancy
−$1.8K −$0.33/SF
EGI
$33.8K $6.15/SF
− OpEx
−$5.1K −$0.92/SF
NOI
$28.7K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,980
Cap Rate 7%
$410,700
Cap Rate 9%
$319,433
Alternative Uses
Best Use
Flex RnD
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 14.89%
Second Best
Warehouse
$410.7K
$359.4K – $479.2K
NOI $28,749 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,840 @ 7.0% cap · market cap 38.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60131, IL
18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,371
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value
Market
Average Price Trend$/SF for Flex space in Cook County, IL
Properties on Market for Flex space in Cook County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Pasteleria Durango — 3900 25th ave a, schiller park, il 60176
Frequently Asked Questions
What type of property is this?
Flex space - Open-format commercial space with delivery access, flexible ceiling clearance, and two-and-a-half baths.
Where is this flex space located?
The property is located at 10009-11 W Franklin Avenue N Unit 10009 Franklin Park, IL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,650 square feet in the east portion of an approximately 5,500‑square‑foot structure; 10‑foot overhead delivery door at the rear; Approximately 12 feet of ceiling clearance
