Industrial Distribution Facility with
For Sale
$5,000,000
11040 King Street, Franklin Park, IL 60131
Industrial facility zoned I-2 featuring 8 interior docks, 16' clear heights, and 3,000 amps of power.
Property Size101,800 SF
Lot Size3.54 Acres
Price / SF$49.12
Days on Market143
Property Features for 11040 King Street
General Information
Standard status
Active
Size
101,800 SF
Lot size
3.54 Acres
Property subtype
Industrial
Zoning
I-2
Site & Location
Traffic Count
181,900 vehicles/day
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
8
Heavy Power
Yes
Building Details
Building Size
101,800 SF
Year Built
1966
Listing Agency:
NAI Hiffman | Oakbrook Terrace
Listed By:
Dan Leahy · License #475124402
(630) 691-0604
Source:
Hiffman
Added: Jun 2
Changed: Oct 19
Last Checked: Oct 20 at 6:05PM
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 NAI Hiffman | Oakbrook Terrace
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
11040 King Street is a functional industrial facility totaling 101,800 square feet, supported by approximately 6,000 square feet of office space. The warehouse offers 16’ clear ceiling heights and is served by eight interior docks, with 3,000 amps at 480 volts electrical service.
The property has frontage along I-294 and is positioned for access to multiple major transportation corridors, including I-294, I-90, I-290, I-355, IL-390, IL-19 (Irving Park Road), IL-83 (Kingery Highway / Busse Road), and IL-64 (North Avenue). The offering is zoned I-2 and is intended to support a range of industrial uses such as warehousing, distribution, and light or heavy manufacturing.
This site presents a practical warehouse configuration for users seeking meaningful dock capacity and solid power service within the West Cook County industrial submarket.
The property has frontage along I-294 and is positioned for access to multiple major transportation corridors, including I-294, I-90, I-290, I-355, IL-390, IL-19 (Irving Park Road), IL-83 (Kingery Highway / Busse Road), and IL-64 (North Avenue). The offering is zoned I-2 and is intended to support a range of industrial uses such as warehousing, distribution, and light or heavy manufacturing.
This site presents a practical warehouse configuration for users seeking meaningful dock capacity and solid power service within the West Cook County industrial submarket.
Key Highlights
- 101,800 SF industrial facility built in 1966 with zoning I‑2 for a range of industrial uses
- 8 interior loading docks and 16' clear ceiling height
- 3,000 amps @ 480 volts electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$438,215
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,764,300
$8.8M
Cap Rate 7%
$6,260,214
$6.3M
Cap Rate 9%
$4,869,056
$4.9M
Market Conditions
NOI Build-Up for 101,800 SF
Gross rent
$659.7K $6.48/SF
− Vacancy
−$33.6K −$0.33/SF
EGI
$626.0K $6.15/SF
− OpEx
−$187.8K −$1.84/SF
NOI
$438.2K $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%
$8,764,300
Cap Rate 7%
$6,260,214
Cap Rate 9%
$4,869,056
Alternative Uses
Best Use
Warehouse
$7.60M
$6.65M – $8.87M
NOI $532,118 @ 7.0% cap · market cap 10.64%
Second Best
Industrial
$6.26M
$5.48M – $7.30M
NOI $438,215 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$35.15M
$30.75M – $41.00M
NOI $2,460,283 @ 7.0% cap · market cap 49.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
8
Dock-high doors
181,900 VPD
Traffic count
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 60131, IL
18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,371
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility zoned I-2 featuring 8 interior docks, 16' clear heights, and 3,000 amps of power.
Where is this manufacturing property located?
The property is located at 11040 King Street Franklin Park, IL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 101,800 SF industrial facility built in 1966 with zoning I‑2 for a range of industrial uses; 8 interior loading docks and 16' clear ceiling height; 3,000 amps @ 480 volts electrical service
