Industrial Development Building with Rail
115 S Ridge Rd, Minooka, IL 60447
For Sale
$3,800,000
Fenced industrial property with an 11,683 sf metal building, office space, and two drive-in doors.
Property Size11,683 SF
Price / SF$325.26
Days on Market146
Property Features for 115 S Ridge Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Fenced Yard
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Building Size
Year Built
Stories
Listing Agency:
Coldwell Banker Commercial Real Estate Group
Listed By:
Leah Erickson · License IL #475204597
(630) 844-2222
Source:
Commercialcafe
Added: Jun 17
Changed: Nov 8
Last Checked: Nov 8 at 2:14AM
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 Coldwell Banker Commercial Real Estate Group
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Investment Insights
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The property includes a large 11,683 sf metal building with 18’ clear height, a storage mezzanine, and a ground-floor 1,800 sf office space built in 1979. The building also has two 12x12’ drive-in doors for practical loading access, and a second-floor 2BR/2BA apartment configuration. The entire parcel is fenced, providing a secured perimeter for operations or future development.
Located at 115 S. Ridge Rd in Minooka, IL, the site is zoned M-2. The property is described as having easy access to major transportation routes, including nearby I-80, supporting efficient movement for industrial users. A rail line runs along the western border of the property, and the remarks indicate rail access potential.
This offering is well suited for industrial owners and developers looking for an M-2 site with an operating building component. Tenants or buyers may find the combination of warehouse clear height, drive-in loading, on-site office space, and an apartment useful for businesses that require administrative space and occasional on-site living arrangements. The fenced layout and rail access potential can also support a range of industrial development scenarios within the stated industrial zoning framework.
Located at 115 S. Ridge Rd in Minooka, IL, the site is zoned M-2. The property is described as having easy access to major transportation routes, including nearby I-80, supporting efficient movement for industrial users. A rail line runs along the western border of the property, and the remarks indicate rail access potential.
This offering is well suited for industrial owners and developers looking for an M-2 site with an operating building component. Tenants or buyers may find the combination of warehouse clear height, drive-in loading, on-site office space, and an apartment useful for businesses that require administrative space and occasional on-site living arrangements. The fenced layout and rail access potential can also support a range of industrial development scenarios within the stated industrial zoning framework.
Key Highlights
- 11,683 SF metal industrial building with 18' clear height, built in 1979
- Two 12x12' drive‑in doors for loading and easy truck access
- 2,000 SF office space on the ground floor plus a 2nd‑floor 2BR/2BA apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,022
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,440
$2.5M
Cap Rate 7%
$1,757,457
$1.8M
Cap Rate 9%
$1,366,911
$1.4M
Market Conditions
NOI Build-Up for 11,683 SF
Gross rent
$210.3K $18.00/SF
− Vacancy
−$21.0K −$1.80/SF
EGI
$189.3K $16.20/SF
− OpEx
−$66.2K −$5.67/SF
NOI
$123.0K $10.53/SF
Area
Grundy County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,440
Cap Rate 7%
$1,757,457
Cap Rate 9%
$1,366,911
Alternative Uses
Best Use
Flex RnD
$1.76M
$1.54M – $2.05M
NOI $123,022 @ 7.0% cap · market cap 3.24%
Second Best
Warehouse
$872.4K
$763.4K – $1.02M
NOI $61,068 @ 7.0% cap · market cap 1.61%
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $222,999 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60447, IL
15,750
Population
5,429
Households
2.9
Avg Household Size
35
Median Age
26%
College-Educated
95%
High-School Grad
67.6 sq mi
ZIP Area
233
Density / Sq Mi
$115,039
Median Household Income
$54,966
Median Earnings
$1,525
Median Rent
$295,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Fenced industrial property with an 11,683 sf metal building, office space, and two drive-in doors.
Where is this flex space located?
The property is located at 115 S Ridge Rd Minooka, IL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 11,683 SF metal industrial building with 18' clear height, built in 1979; Two 12x12' drive‑in doors for loading and easy truck access; 2,000 SF office space on the ground floor plus a 2nd‑floor 2BR/2BA apartment
