Industrial Warehouse with Multiple
For Sale
Contact for pricing
1005 Geneva St, Shorewood, IL 60404
Warehouse with 6 loading docks, two drive-in doors, 1,300 SF office mezzanine, and 30-space parking on 2 acres.
Property Size14,090 SF
Lot Size2.00 Acres
Price / SF$138.40
Days on Market164
Property Features for 1005 Geneva St
General Information
Standard status
Active
Size
14,090 SF
Total Parking Spaces
30
Lot size
2.00 Acres
Property subtype
Industrial
Zoning
I
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX Millennium
Listed By:
Vito Sruoga · License #471.004898
(773) 983-4544
Source:
Crexi
Added: Mar 28
Changed: Sep 5
Last Checked: Sep 7 at 5:03AM
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 RE/MAX Millennium
Investment Insights
Based on property information with market context.
Industrial warehouse totaling 14,090 SF on 2.0 acres, with a 1,300 SF office mezzanine arranged in four rooms. The building is set up for shipping and receiving with a functional layout for day-to-day operations.
Loading and access include six loading docks—one dock-height door for semi-trailers and five docks suited for box trucks—along with two drive-in doors sized 18’ x 14’ and 12’ x 10’. Parking is provided for 30 vehicles.
The property is located less than 2 miles from I-55, offering strong connectivity to regional logistics routes. Intended uses include light industrial, distribution/storage, and contractors or service businesses, along with manufacturing. Semi-truck repair and trailer parking are not allowed.
Loading and access include six loading docks—one dock-height door for semi-trailers and five docks suited for box trucks—along with two drive-in doors sized 18’ x 14’ and 12’ x 10’. Parking is provided for 30 vehicles.
The property is located less than 2 miles from I-55, offering strong connectivity to regional logistics routes. Intended uses include light industrial, distribution/storage, and contractors or service businesses, along with manufacturing. Semi-truck repair and trailer parking are not allowed.
Key Highlights
- 14,090 SF warehouse on 2.0 acres, built in 1980
- 6 loading docks: 1 dock‑height door for semi‑trailers and 5 suited for box trucks
- Two drive‑in doors: 18’ x 14’ and 12’ x 10’
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,000
$1.5M
Cap Rate 7%
$1,052,143
$1.1M
Cap Rate 9%
$818,333
$818.3K
Market Conditions
NOI Build-Up for 14,090 SF
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.
Gross rent
$91.3K $6.48/SF
− Vacancy
−$4.7K −$0.33/SF
EGI
$86.6K $6.15/SF
− OpEx
−$13.0K −$0.92/SF
NOI
$73.6K $5.23/SF
Area
DuPage 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,000
Cap Rate 7%
$1,052,143
Cap Rate 9%
$818,333
Alternative Uses
Best Use
Warehouse
$1.05M
$920.6K – $1.23M
NOI $73,650 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.86M
$4.26M – $5.68M
NOI $340,524 @ 7.0% cap · market cap 17.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60404, IL
19,916
Population
7,530
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,269
Density / Sq Mi
$121,696
Median Household Income
$54,628
Median Earnings
$1,945
Median Rent
$319,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Anchor Storage, LLC — 1009 Geneva St, Shorewood, IL 60404
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with 6 loading docks, two drive-in doors, 1,300 SF office mezzanine, and 30-space parking on 2 acres.
Where is this warehouse located?
The property is located at 1005 Geneva St Shorewood, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 14,090 SF warehouse on 2.0 acres, built in 1980; 6 loading docks: 1 dock‑height door for semi‑trailers and 5 suited for box trucks; Two drive‑in doors: 18’ x 14’ and 12’ x 10’
