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    Temperature Controlled Warehouse with Rail Title is generated by Realmo AI

    1125 Sycamore Road, Manteno, IL 60950

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    Existing divisible warehouse with temperature control and rail access.

    Type:Industrial
    Property size:
    587,228 SF
    Lot size:
    79.63 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    101
    Last Refresh:
    Feb 26 at 10:40 pm

    Property Features for 1125 Sycamore Road

    General Information

    Standard status
    Active
    Size
    587,228 SF
    Lot size
    79.63 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Kelly Disser
    Kelly Disser

    Listing agent Kelly Disser License #475133590

    Listing office NAI Hiffman

    Listing date Feb 26, 2026

    Source Naiglobal

    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

    HighLights

    • Large existing building with 587,228 SF divisible, featuring temperature‑controlled space.
    • Expandable to 1,231,040 SF, with expansion capable of frozen food production and\/or ambient storage.
    • Rail‑served with a rail spur in place, connected to Canadian National rail.
    • 41' clear height and 84 dock doors (expandable) in a cross‑dock configuration.
    • Fully racked with 82,000+ positions and 10' aisles (90% racked).
    • Substantial power supply: 3,000 amp service to building and 4,000 amp service to refrigeration system.

    Overview

    This existing warehouse building offers 587,228 square feet of divisible space. A 381,509-square-foot section is capable of maintaining a temperature of 70°, while a 192,505-square-foot section can reach 40°. The property spans 79.63 acres and includes a 13,214-square-foot, two-story office space. The building features a cross-dock configuration and a clear height of 41 feet. There are 84 dock doors, with the potential for expansion. The property includes a concrete truck court and dolly pads. The warehouse is fully racked with over 82,000 positions, featuring 10-foot aisles and 90% racking. It is rail-served with a rail spur in place, connected to the Canadian National rail line. The temperature is controlled by an ammonia refrigeration system. The building can be expanded to 1,231,040 square feet, with the expansion suitable for frozen food production and/or ambient conditions, and capable of reaching a 50-foot clear height. The building has a 3,000 amp service at 277/480 volts, and the refrigeration system has a 4,000 amp service at 277/480 volts. Constructed in 1999.
    Location Intelligence

    Current Use by Public Records

    McKesson Distribution Center Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Safe House Climate Control Storage — 200 S Locust St, Manteno, IL 60950
    • Cheap Storage Solutions — 640 Mulberry St, Manteno, IL 60950

    Location Insight

    • Map
    • Local Demand
    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.82576
    Latitude
    41.237964

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    FAQs

    What type of property is this?
    Warehouse - Existing divisible warehouse with temperature control and rail access.
    Where is this warehouse located?
    The property is located at 1125 Sycamore Road Manteno, IL.
    What are key features of this property?
    This property features: Large existing building with **587,228 SF divisible**, featuring temperature‑controlled space.; Expandable to **1,231,040 SF**, with expansion capable of frozen food production and\/or ambient storage.; Rail‑served with a rail spur in place, connected to Canadian National rail.
    (317) 432-4813
    We can help!
    Listing Contact
    Kelly Disser
    Kelly Disser
    Real Estate License ID: 475133590
    Learn More
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    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
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    1125 Sycamore Road | Manteno, IL 60950
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