Brick Industrial Warehouse with Overhead
For Sale
Contact for pricing
10333 Oxford Ave, Chicago Ridge, IL 60415
Rehabbed brick industrial building with office and shop space, fenced yard, and overhead loading for flexible C2 use.
Property Size2,700 SF
Price / SF$151.81
Days on Market53
Property Features for 10333 Oxford Ave
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
20
Property subtype
Industrial
Zoning
Commercial
Warehouse & Industrial
Clear Height
9 ft
Drive-In Doors
1
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1965
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Listing Agency:
Infiniti Properties Inc
(708) 856-5100
Listed By:
Rima Odeh · License #475102798
Source:
Crexi
Added: Jun 29
Changed: Aug 14
Last Checked: Aug 19 at 8:01AM
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 Infiniti Properties Inc
Investment Insights
Based on property information with market context.
This immaculate brick industrial/warehouse building has been rehabbed from A to Z and is ready for immediate occupancy. The interior includes a reception area, a large main shop area (38 by 25), a private office space, an employees’ new kitchen, and a newly appointed bathroom, along with storage space. The building features 9-foot ceilings and a new heating system, and the fire alarm is hooked to the village. Loading is provided by one overhead loading garage at the rear, with potential to add two more. The property also includes 20 parking spaces and a fenced site.
Located at 10333 Oxford Ave in Chicago Ridge, the building’s rear loading arrangement supports day-to-day receiving and deliveries while maintaining dedicated employee and visitor parking on-site.
Zoned C2, the space is suited for a variety of uses, including warehouse with office and retail configurations. The layout supports both operational and customer-facing functions, making it a practical fit for owner-users and small operators seeking an updated industrial building with built-in office, restrooms, and loading capability.
Located at 10333 Oxford Ave in Chicago Ridge, the building’s rear loading arrangement supports day-to-day receiving and deliveries while maintaining dedicated employee and visitor parking on-site.
Zoned C2, the space is suited for a variety of uses, including warehouse with office and retail configurations. The layout supports both operational and customer-facing functions, making it a practical fit for owner-users and small operators seeking an updated industrial building with built-in office, restrooms, and loading capability.
Key Highlights
- Rehabbed 1965 solid brick industrial/warehouse building with about 2,500 SF, ready for immediate occupancy
- 38x25 main shop area plus reception area, private office space, storage area, new kitchen, and new bathroom
- One overhead loading garage in back with potential for two more overhead doors
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
$28,431
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
6.94%
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%
$568,620
$568.6K
Cap Rate 7%
$406,157
$406.2K
Cap Rate 9%
$315,900
$315.9K
Market Conditions
NOI Build-Up for 2,700 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
$48.6K $18.00/SF
− Vacancy
−$4.9K −$1.80/SF
EGI
$43.7K $16.20/SF
− OpEx
−$15.3K −$5.67/SF
NOI
$28.4K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$568,620
Cap Rate 7%
$406,157
Cap Rate 9%
$315,900
Alternative Uses
Best Use
Flex RnD
$406.2K
$355.4K – $473.9K
NOI $28,431 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$201.6K
$176.4K – $235.2K
NOI $14,113 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$932.2K
$815.7K – $1.09M
NOI $65,253 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60415, IL
14,433
Population
5,840
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
6,275
Density / Sq Mi
$69,389
Median Household Income
$48,226
Median Earnings
$1,198
Median Rent
$217,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Rehabbed brick industrial building with office and shop space, fenced yard, and overhead loading for flexible C2 use.
Where is this flex space located?
The property is located at 10333 Oxford Ave Chicago Ridge, IL.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Rehabbed 1965 solid brick industrial/warehouse building with about 2,500 SF, ready for immediate occupancy; 38x25 main shop area plus reception area, private office space, storage area, new kitchen, and new bathroom; One overhead loading garage in back with potential for two more overhead doors
