Flex Space With Event
For Sale
Contact for pricing
10125 Mandel Street, Plainfield, IL 60585
Industrial flex condominium units include a fenced yard, event facilities, and I1 zoning in a Chicago-area business park.
Property Size9,623 SF
Lot Size0.10 Acres
Price / SF$145.48
Days on Market99
Property Features for 10125 Mandel Street
General Information
Standard status
Active
Size
9,623 SF
Class
Class A
Lot size
0.10 Acres
Property subtype
Industrial, Special Purpose, Business for Sale
Zoning
I1
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Conditioned Warehouse
Yes
Amenities
full kitchen
private lounge
Building Details
Year Built
2006
Year Renovated
2023
Listing Agency:
SVN | Chicago Commercial
Listed By:
Karen Kulczycki-CCIM, SIOR · License #IL #471-020279
Source:
Crexi
Added: Jul 31
Changed: Nov 5
Last Checked: Nov 6 at 7:08AM
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 SVN | Chicago Commercial
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Investment Insights
Based on property information with market context.
This offering includes two contiguous industrial flex condominium units totaling approximately 4,000 SF, along with a fenced lot of approximately 0.10 AC. The property includes loft space, a private lounge, full kitchen, air conditioning, indoor and outdoor performance stages, and a recording studio. Built in 2006, the improvements support the existing Rockstar Garage event business, which hosts corporate and private events and includes live music capabilities.
The property is located at 10125 and 10127 Mandel Street in Arrowhead Industrial Park, Plainfield, Illinois, within unincorporated Will County. The site is approximately 37 miles southwest of Chicago and offers access to I-55 and I-355. The property carries I1 zoning and includes a total property size of 9,623 SF as reported in the listing data.
The property is located at 10125 and 10127 Mandel Street in Arrowhead Industrial Park, Plainfield, Illinois, within unincorporated Will County. The site is approximately 37 miles southwest of Chicago and offers access to I-55 and I-355. The property carries I1 zoning and includes a total property size of 9,623 SF as reported in the listing data.
Key Highlights
- Two contiguous flex condominium units totaling approximately 4,000 SF
- Approximately 0.10 AC fenced lot included
- Rockstar Garage event business with corporate and private event use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,300
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,000
$1.0M
Cap Rate 7%
$718,571
$718.6K
Cap Rate 9%
$558,889
$558.9K
Market Conditions
NOI Build-Up for 9,623 SF
Gross rent
$62.4K $6.48/SF
− Vacancy
−$3.2K −$0.33/SF
EGI
$59.2K $6.15/SF
− OpEx
−$8.9K −$0.92/SF
NOI
$50.3K $5.23/SF
Area
Will 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%
$1,006,000
Cap Rate 7%
$718,571
Cap Rate 9%
$558,889
Alternative Uses
Best Use
Warehouse
$718.6K
$628.8K – $838.3K
NOI $50,300 @ 7.0% cap · market cap 3.59%
Second Best
Flex RnD
$646.8K
$566.0K – $754.7K
NOI $45,279 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,775 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60585, IL
24,920
Population
7,723
Households
3.2
Avg Household Size
36
Median Age
61%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
1,672
Density / Sq Mi
$151,202
Median Household Income
$67,211
Median Earnings
$2,326
Median Rent
$416,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Will County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex condominium units include a fenced yard, event facilities, and I1 zoning in a Chicago-area business park.
Where is this flex space located?
The property is located at 10125 Mandel Street Plainfield, IL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two contiguous flex condominium units totaling approximately 4,000 SF; Approximately 0.10 AC fenced lot included; Rockstar Garage event business with corporate and private event use
