Warehouse with Office and
For Sale
Contact for pricing
1125 Carnegie St, Rolling Meadows, IL 60008
Warehouse totaling 65,674 SF with 3,400 SF of office, 16'–22' clear height, and five interior docks.
Property Size65,674 SF
Price / SF$76.06
Days on Market393
Property Features for 1125 Carnegie St
General Information
Standard status
Active
Size
65,674 SF
Total Parking Spaces
26
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
5
Drive-In Doors
1
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Thomas Rodeno
(773) 230-2596
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Sep 7
Last Checked: Sep 14 at 12:34PM
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 Colliers | Chicago Rosemont
Investment Insights
Based on property information with market context.
This warehouse facility offers 65,674 SF total, including 3,400 SF of office space. Warehouse clear height ranges from 16' to 22', and the loading configuration includes five interior docks plus one DID. The property also includes 26 car parking spaces.
A new roof with a 20-year warranty is in place. Public remarks indicate excellent access to 53/I-90/I-290.
As presented, the building includes an office component and docked warehouse space designed for distribution or storage operations needing interior dock service.
A new roof with a 20-year warranty is in place. Public remarks indicate excellent access to 53/I-90/I-290.
As presented, the building includes an office component and docked warehouse space designed for distribution or storage operations needing interior dock service.
Key Highlights
- 65,674 SF warehouse with 3,400 SF office space
- 16'–22' clear height
- Five interior docks plus 1 DID
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
$343,284
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
6.87%
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%
$6,865,680
$6.9M
Cap Rate 7%
$4,904,057
$4.9M
Cap Rate 9%
$3,814,267
$3.8M
Market Conditions
NOI Build-Up for 65,674 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
$425.6K $6.48/SF
− Vacancy
−$21.7K −$0.33/SF
EGI
$403.9K $6.15/SF
− OpEx
−$60.6K −$0.92/SF
NOI
$343.3K $5.23/SF
Area
Cook 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 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%
$6,865,680
Cap Rate 7%
$4,904,057
Cap Rate 9%
$3,814,267
Alternative Uses
Best Use
Warehouse
$4.90M
$4.29M – $5.72M
NOI $343,284 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.67M
$19.84M – $26.45M
NOI $1,587,197 @ 7.0% cap · market cap 31.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
5
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60008, IL
22,760
Population
9,282
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,463
Density / Sq Mi
$96,213
Median Household Income
$47,405
Median Earnings
$1,561
Median Rent
$295,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Public Storage — 945 Rohlwing Rd, Rolling Meadows, IL 60008
- Safeguard Self Storage — 1136 E Northwest Hwy, Palatine, IL 60074
- Hennessy Group Inc — 800 e northwest hwy #1095, palatine, il 60074
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse totaling 65,674 SF with 3,400 SF of office, 16'–22' clear height, and five interior docks.
Where is this warehouse located?
The property is located at 1125 Carnegie St Rolling Meadows, IL.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 65,674 SF warehouse with 3,400 SF office space; 16'–22' clear height; Five interior docks plus 1 DID
