Multi-Tenant Industrial
10410-10426 163RD Place Orland Park, IL 60467
New
For Sale
$3,776,000
Masonry industrial building with multiple drive-in doors, loading docks, and office support space on municipal utilities.
Property Size32,000 SF
Lot Size2.14 Acres
Price / SF$118
Days on Market7
Property Features for 10410-10426 163RD Place
General Information
Standard status
Active
Size
32,000 SF
Lot size
2.14 Acres
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
JAMESON SOTHEBY'S INTL REALTY
(312) 751-0300
Listed By:
ALEXANDRA CASTLE
Source:
Corcoran
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 28 at 8:50AM
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 JAMESON SOTHEBY'S INTL REALTY
Investment Insights
Based on property information with market context.
This multi-tenant industrial warehouse consists of a masonry construction building built in 1999, offering approximately 24-foot clear ceiling heights. The facility includes multiple drive-in doors and loading docks, along with a functional mix of warehouse space and office-related improvements, including conference, kitchen, and restroom space.
The property is situated on approximately 2.14 acres and is supported by municipal water and sewer, with gas heat and ample on-site parking. A roof replacement completed just over a year ago is listed as a recent improvement.
Designed for flexible industrial use, the space can accommodate a range of warehouse, manufacturing, distribution, or owner-user operations, with convenient access described to major highways and transportation routes.
The property is situated on approximately 2.14 acres and is supported by municipal water and sewer, with gas heat and ample on-site parking. A roof replacement completed just over a year ago is listed as a recent improvement.
Designed for flexible industrial use, the space can accommodate a range of warehouse, manufacturing, distribution, or owner-user operations, with convenient access described to major highways and transportation routes.
Key Highlights
- 32,000 SF multi‑tenant industrial warehouse on approx. 2.14 acres in Orland Park industrial corridor
- Masonry construction built in 2000 with approx. 24‑ft clear ceiling height
- Multiple drive‑in doors and loading docks for warehouse, distribution, and manufacturing use
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.4k | $6.48 |
| − Vacancy | −$10.6k | −$0.33 |
| EGI | $196.8k | $6.15 |
| − OpEx | −$29.5k | −$0.92 |
| NOI | $167.3k | $5.23 |
32,000 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,267 @ 7.0% cap · market cap 4.43%
Second Best
Industrial
$1.97M
$1.72M – $2.30M
NOI $137,749 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$11.05M
$9.67M – $12.89M
NOI $773,370 @ 7.0% cap · market cap 20.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- StorageMart — 10700 W 159th St, Orland Park, IL 60467
Frequently Asked Questions
What type of property is this?
Warehouse - Masonry industrial building with multiple drive-in doors, loading docks, and office support space on municipal utilities.
Where is this warehouse located?
The property is located at 10410-10426 163RD Place Orland Park, IL.
What is the asking price?
The asking price for this property is $3,776,000.
What are key features of this property?
This property features: 32,000 SF multi‑tenant industrial warehouse on approx. 2.14 acres in Orland Park industrial corridor; Masonry construction built in 2000 with approx. 24‑ft clear ceiling height; Multiple drive‑in doors and loading docks for warehouse, distribution, and manufacturing use
