Multi-Tenant Industrial
101 W 154th St., South Holland, IL 60473
For Sale
New
Contact for pricing
Four occupied suites are leased on a modified gross basis, with less than three years remaining on each lease.
Property Size33,600 SF
Price / SF$47.62
Days on Market6
Property Features for 101 W 154th St.
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Building Size
Tenancy
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Peter Doughty · License IL 475.177502
(630) 501-8656
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 2:18PM
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 Marcus & Millichap - Chicago Downtown
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Investment Insights
Based on property information with market context.
This industrial property contains approximately 33,600 square feet across four occupied units. Three units are approximately 5,600 square feet apiece, while the fourth measures approximately 16,800 square feet. All four tenants operate under modified gross leases, with less than three years remaining on each term.
The property is located at 101 W 154th St. in South Holland, Illinois.
The property is located at 101 W 154th St. in South Holland, Illinois.
Key Highlights
- Approximately 33,600 square feet across four occupied units
- Three units of approximately 5,600 square feet each and one 16,800‑square‑foot unit
- All four tenants have less than three years remaining on their modified gross leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,637
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,740
$2.9M
Cap Rate 7%
$2,066,243
$2.1M
Cap Rate 9%
$1,607,078
$1.6M
Market Conditions
NOI Build-Up for 33,600 SF
Gross rent
$217.7K $6.48/SF
− Vacancy
−$11.1K −$0.33/SF
EGI
$206.6K $6.15/SF
− OpEx
−$62.0K −$1.84/SF
NOI
$144.6K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,740
Cap Rate 7%
$2,066,243
Cap Rate 9%
$1,607,078
Alternative Uses
Best Use
Industrial
$2.07M
$1.81M – $2.41M
NOI $144,637 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.90M
$11.29M – $15.05M
NOI $903,168 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 60473, IL
21,661
Population
7,969
Households
2.7
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,777
Density / Sq Mi
$88,046
Median Household Income
$40,903
Median Earnings
$1,914
Median Rent
$200,000
Median Home Value
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Market
Average Price Trend$/SF for Industrial properties in Cook County, IL
Properties on Market for Industrial properties in Cook County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Four occupied suites are leased on a modified gross basis, with less than three years remaining on each lease.
Where is this industrial property located?
The property is located at 101 W 154th St. South Holland, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 33,600 square feet across four occupied units; Three units of approximately 5,600 square feet each and one 16,800‑square‑foot unit; All four tenants have less than three years remaining on their modified gross leases
