Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Food Production Facility For Rent Title is generated by Realmo AI

    11227 Franklin Avenue, Franklin Park, IL 60131

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    12,027 SF food production facility near O'Hare Airport.

    Type:Industrial
    Property size:
    12,027 SF
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 18 at 8:20 am

    Property Features for 11227 Franklin Avenue

    General Information

    Standard status
    Active
    Size
    12,027 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jason Lev
    Jason Lev

    Listing agent Jason Lev

    Listing office CBRE | Chicago

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Chicago

    HighLights

    • Proximity to I‑294, O'Hare Airport, and CP Intermodal
    • 12,027 SF Food Production Facility
    • Floor drains throughout the space
    • 1,515 SF Office Size
    • 1 Interior dock door
    • 10' Clear Height

    Overview

    This 12,027 square foot food production facility is available for rent. The property is located at 11227 Franklin Ave in Franklin Park, Illinois, and features 1,515 square feet of office space. It offers convenient access to I-294, O'Hare Airport, and the CP Intermodal. The building includes one interior dock door and has a clear height of 10 feet. Floor drains are installed throughout the space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Food Evolution Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Nail Salon Pharmacy Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.9062204
    Latitude
    41.9451622

    Nearby Similar for Lease

    • $40 SF/Yr
      1,800 SF

      Modern Dental Facility For Rent

      Newly constructed dental facility with six operatories in high-traffic area.
      2633 Mannheim Rd, Franklin Park, IL
      View Details
    • $11 SF/Yr
      88,210 SF

      O'Hare Industrial Market Units

      Units in O'Hare Industrial Market with dock access.
      10915-10929 Franklin Avenue, Franklin Park, IL 60131
      View Details
    • $15 SF/Yr
      527 SF

      Retail Space with Ample Parking

      Retail space featuring ample parking and flexible layouts for rent.
      10001-10015 Grand Ave, Franklin Park, IL
      View Details
    • $60 SF/Yr
      1,216 SF

      Retail Space in Franklin Park

      Retail space available for lease in Franklin Park, Illinois.
      9001 Belmont Ave, Franklin Park, IL
      View Details
    • Contact for pricing
      362,600 SF

      Franklin Park Industrial Warehouse Space

      Industrial warehouse space for lease near O'Hare Airport.
      3501 Mount Prospect Road, Franklin Park, IL, 60131
      View Details
    • Contact for pricing
      179,164 SF

      Franklin Park Industrial/Manufacturing/Cold Storage Space

      Industrial/manufacturing/cold storage space in Franklin Park's booming industrial corridor.
      9234 Belmont Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Retail Space with Ample Parking

      Retail space available in shopping center with high traffic.
      2713-2745 Mannheim Road, Franklin Park, IL 60131
      View Details
    • $7,950/Mo
      5,000 SF

      Industrial Warehouse Space Near O'Hare

      5,000 SF industrial/warehouse space near O'Hare Airport.
      485 Podlin Dr, Franklin Park, IL
      View Details
    • $15 SF/Yr
      782 SF

      Retail Space with Ample Parking

      Retail space featuring ample parking and flexible layouts available for rent.
      10035 Grand Ave, Franklin Park, IL
      View Details
    • Contact for pricing
      1,600 SF

      Restaurant Space For Lease

      1,600 SF restaurant space in Franklin Park, Illinois.
      2926 Mannheim Rd, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      7,348 SF

      Franklin Park Retail Showroom

      Standalone retail showroom with parking in Franklin Park, Illinois.
      10220 Grand Avenue, Franklin Park, IL 60131
      View Details
    • $12 SF/Yr
      1,848 SF

      Franklin Park Retail Space Available

      Retail space in downtown Franklin Park suitable for various businesses.
      9662-9684 Franklin Ave, Franklin Park, IL
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 12,027 SF food production facility near O'Hare Airport.
    Where is this manufacturing property located?
    The property is located at 11227 Franklin Avenue Franklin Park, IL.
    What are key features of this property?
    This property features: Proximity to I‑294, O'Hare Airport, and CP Intermodal; 12,027 SF Food Production Facility; Floor drains throughout the space
    (847) 706-4044
    We can help!
    Listing Contact
    Jason Lev
    Jason Lev
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11227 Franklin Avenue, Franklin Park, IL, 60131
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!