Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10800 Belmont Ave Franklin Park, IL 60131

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    54,965 SF warehouse space with convenient highway access.

    Property size:
    54,965 SF
    Lot size:
    54,965 SF

    Property Features for 10800 Belmont Ave

    General Information

    Standard status
    Active
    Size
    54,965 SF

    We can help!

    Listing Contact
    Matt Cowie
    Matt Cowie
    Source: Cbre

    Listing Agency: CBRE | Chicago Listing Agent: Matt Cowie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Franklin Park Warehouse Space Available

    Available for lease is a 54,965 square foot space at Prologis Franklin Park. The property features 1,743 square feet of office space and a 26-foot clear height. The layout includes one drive-in door and a typical column spacing of 40 feet by 60 feet. Parking is available with 444 car parking stalls for the entire building. The property is institutionally owned and managed, with access to a strong labor pool. It offers convenient access to I-294, I-290, and I-90, and is located close to O'Hare International Airport and the City of Chicago. The location provides excellent tollway visibility (I-294) with signage availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Can Industrial Manufacturer Container Specialties Industrial Manufacturer O'Hare Record Retention ... Storage Facility Midwest Can Company ... Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Similar Places Nearby

    StorageMart, O'Hare Record Retention Center, StorageMart, Allied Van Lines, All My Sons Moving & Storage

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8955413
    Latitude
    41.9376479

    Nearby Similar for Lease

    • Contact for pricing

      Prime Commercial Space in Franklin Park

      High-visibility retail/office space in luxury apartment building.
      9600 Franklin 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 Rd, Franklin Park, IL 60131
      View Details
    • $11 SF/Yr

      O'Hare Industrial Market Units

      Units in O'Hare Industrial Market with dock access.
      10915-10929 Franklin Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Air Conditioned Warehouse and Distribution

      Meticulously maintained warehouse with ample parking and heavy power.
      3708 River Rd, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      50,802 SF

      Franklin Park Warehouse Space Available

      50,802 SF warehouse space with convenient highway access.
      10900 West Belmont Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      69,616 SF

      Franklin Park Warehouse Space

      69,616 sqft warehouse available for lease in Franklin Park.
      10701 Franklin Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      73,305 SF

      Franklin Park Warehouse Space

      45,805 square foot warehouse available for lease.
      11101 Franklin Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      87,252 SF

      Franklin Park Warehouse Space

      87,252 square foot warehouse available for lease.
      10601 Franklin Ave, Franklin Park, IL 60131
      View Details
    • $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 60131
      View Details
    • Contact for pricing
      750 SF

      Retail Space with Ample Parking

      Retail space featuring ample parking and flexible layouts for rent.
      10001-10015 Grand Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      30,226 SF

      Franklin Park Warehouse Space Available

      30,226 SF warehouse/industrial space for lease in Franklin Park.
      3710 North River Rd, Franklin Park, IL 60131
      View Details

    FAQs

    What type of property is this?
    Warehouse - 54,965 SF warehouse space with convenient highway access.
    Where is this warehouse located?
    The property is located at 10800 Belmont Ave Franklin Park, IL.
    What are key features of this property?
    This property features: - 54,965 SF of available space; - Excellent access to I-294, I-290 & I-90; - Close proximity to O'Hare International Airport and the City of Chicago
    (312) 334-7203
    Request Owner's contact information
    10800 Belmont Ave Franklin Park, IL 60131
    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.
    10800 Belmont Ave
    Franklin Park, IL 60131
    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
    10800 Belmont Ave Franklin Park, IL 60131
    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

    We can help!
    Listing Contact
    Matt Cowie
    Matt Cowie
    (312) 334-7203 (312) 735-6510 (312) 935-1400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!