Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Industrial Warehouse in Crest Hill Title is generated by Realmo AI

    21225 Lidice Pkwy, Crest Hill, IL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    577,442 Sq. Ft. warehouse with ample parking.

    Type:INDUSTRIAL
    Property size:
    577,442 SF
    Lot size:
    36.77 Acres
    Added:
    Apr 30, 2024
    Days on Market:
    767
    Last Refresh:
    May 19 at 8:35 pm

    Property Features for 21225 Lidice Pkwy

    General Information

    Standard status
    Active
    Size
    577,442 SF
    Lot size
    36.77 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 21225 Lidice Pkwy Contact us

    We can help!

    Listing Contact
    Joshua Hearne, SIOR
    Joshua Hearne, SIOR

    Listing agent Joshua Hearne, SIOR

    Listing office Cawley Chicago

    Listing date Apr 30, 2024

    Source Moodyscre

    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 Cawley Chicago

    HighLights

    • Excellent location, just 2 miles from the I‑55 and Route 30 interchange.
    • Substantial size with ± 577,442 Sq. Ft. total building size.
    • Up to 104 exterior docks provide ample dock doors.
    • Features 151 trailer stalls for abundant trailer parking.
    • Benefit from a high power capacity of 4000 Amps.
    • Equipped with an ESFR fire suppression system.

    Overview

    This industrial warehouse, located at 21225 Lidice Pkwy in Crest Hill, Illinois, offers a total building size of approximately 577,442 square feet. The property features a 36-foot clear ceiling height and is constructed with high-image precast concrete and glass. It includes up to 104 exterior docks and four 12-foot by 14-foot drive-in doors. The facility provides 151 trailer stalls, 345 car spots, and 14 van stalls. Power capacity is 4000 amps. The floor is constructed with 7-inch unreinforced concrete, and the fire suppression system is ESFR. The property benefits from a full concrete truck court. Situated within a well-established industrial park, it is located 2 miles from the four-way interchange of I-55 and Route 30.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Seeler Industries, Inc. and Three Rivers Terminal — 1, # B, 2675, Genstar Ln, Joliet, IL 60435
    • R. Churnovic Storage — 2061 Oakland Ave, Crest Hill, IL 60403
    • Oakland Avenue Storage LLC — 2111 Oakland Ave, Crest Hill, IL 60403
    • Quality Storage Yard — 2280 Broadway St, Crest Hill, IL 60403

    Location Insight

    • Map
    • Local Demand
    City
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.0985
    Latitude
    41.5549

    Nearby Similar for Lease

    • $16 SF/Yr
      1,800 SF

      Crest Hill Warehouse Unit

      1,800 SF warehouse with office space for lease.
      2341 Copper Court #2, Crest Hill, IL 60403
      View Details
    • $16 SF/Yr
      490 SF

      Office Space in High Traffic Area

      Second-level office unit in a high-traffic location for rent.
      2364 Plainfield Road #G, Crest Hill, IL 60403
      View Details
    • $16 SF/Yr
      680 SF

      Office Space in High Traffic Area

      Second-level office unit in high-traffic location available for rent.
      2364 Plainfield Road #I, Crest Hill, IL 60403
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Crest Hill

      Retail space available in a multi-tenant plaza in Crest Hill.
      2357 Plainfield Road, Crest Hill, IL 60403
      View Details
    • Contact for pricing
      6,820 SF

      Crest Hill Industrial/Flex Space

      Prime industrial/flex space in Crest Hill, Illinois for lease.
      801 Brian Drive, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Commercial Space in Crest Hill

      Commercial space available for rent in Crest Hill, Illinois.
      2212 Plainfield Road, Crest Hill, IL 60403
      View Details
    • Contact for pricing
      4,823 SF

      Retail Building on Weber Road

      Single-story retail building with drive-thru and ample parking.
      16051 Weber Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Retail Space on Weber Road

      Retail space with excellent visibility and accessibility on Weber Road.
      15921 Weber Road, Crest Hill, IL 60403
      View Details
    • $16 SF/Yr
      3,400 SF

      Retail Space in Crest Hill

      Retail space available in a multi-tenant plaza in Crest Hill.
      2357 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • $8 SF/Yr
      22,000 SF

      Turn-Key Bowling Alley For Rent

      16-lane bowling alley with full kitchen, bar, and restaurant.
      905 Theodore St, Crest Hill, IL 60403
      View Details
    • $17 SF/Yr

      Retail Space on Corner Lot

      Retail space with high traffic and easy access.
      2400 Caton Farm Road, Crest Hill, IL 60403
      View Details

    FAQs

    What type of property is this?
    Warehouse - 577,442 Sq. Ft. warehouse with ample parking.
    Where is this warehouse located?
    The property is located at 21225 Lidice Pkwy Crest Hill, IL.
    What are key features of this property?
    This property features: Excellent location, just 2 miles from the I‑55 and Route 30 interchange.; Substantial size with ± 577,442 Sq. Ft. total building size.; Up to 104 exterior docks provide ample dock doors.
    (815) 302-5488 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joshua Hearne, SIOR
    Joshua Hearne, SIOR
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    21225 Lidice Pkwy, Crest Hill, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!