Industrial Warehouse with Expansion
For Sale
$750,000
3125 Glenwood Lansing Road, Lansing, IL 60438
7,560 SF industrial warehouse on 4.47 acres near major highways.
Property Size7,560 SF
Price / SF$99.21
Days on Market313
Property Features for 3125 Glenwood Lansing Road
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Industrial
Building Details
Year Built
1992
Listing Agency:
RE/MAX
(773) 983-4544
Listed By:
Vytautas Sruoga · License #382727
(773) 983-4544
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Aug 3 at 2:38AM
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 RE/MAX
Investment Insights
Based on property information with market context.
Located on Glenwood Lansing Road in Lynwood, IL, this property features a 7,560 square foot building on a 4.47-acre parcel. The industrial warehouse includes approximately 1,350 square feet of office space, comprising three offices and a front lobby that can be converted into additional office space, a kitchen/break room, and two restrooms. The facility has central air conditioning. The warehouse section includes a mezzanine area for storage, a warehouse office, a restroom, and a 5-ton crane. Ceiling fans and forced heated air are present in the warehouse area. An attached storage space on the eastern side of the building has three drive-in doors. The yard is fully fenced with automatic gates. Constructed with masonry and metal, the building is designed for expandability. The property is less than a mile from I-294/I-94 and IL-394. Zoned B-2 (Business Commercial District), the property allows for various uses, including a CDL school, self-storage facility, RV and boat storage, local utility and public service businesses, contractors' headquarters, a motor vehicle service and repair shop, retail and warehousing, research and development, service establishments, and outdoor recreation. There is redevelopment potential for a hotel or motel. The building was built in 1974 and has an 800 amp, 3-phase power supply.
Key Highlights
- Strategically located less than a mile from I‑294/I‑94 and IL‑394, providing easy access to regional and national markets.
- Zoned B‑2 (Business Commercial District) allowing for a wide range of potential uses.
- Large 4.47‑acre fenced lot with automatic gates, ensuring security and ample space.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.0k | $6.48 |
| − Vacancy | −$2.5k | −$0.33 |
| EGI | $46.5k | $6.15 |
| − OpEx | −$7.0k | −$0.92 |
| NOI | $39.5k | $5.23 |
7,560 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$564.5K
$494.0K – $658.6K
NOI $39,517 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$464.9K
$406.8K – $542.4K
NOI $32,543 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,709 @ 7.0% cap · market cap 24.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60438, IL
29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,662
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 7,560 SF industrial warehouse on 4.47 acres near major highways.
Where is this warehouse located?
The property is located at 3125 Glenwood Lansing Road Lansing, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Strategically located less than a mile from I‑294/I‑94 and IL‑394, providing easy access to regional and national markets.; Zoned B‑2 (Business Commercial District) allowing for a wide range of potential uses.; Large 4.47‑acre fenced lot with automatic gates, ensuring security and ample space.
