Schiller Park Manufacturing
3800 Wesley Ter Schiller Park, IL
For Sale
Contact for pricing
Manufacturing building for sale with heavy power near I-294.
Property Size35,243 SF
Lot Size2.35 Acres
Price / SF$59.59
Days on Market1110
Property Features for 3800 Wesley Ter
General Information
Standard status
Active
Size
35,243 SF
Lot size
2.35 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Avison Young | Suburban Chicago
(847) 341-6048
Listed By:
Steven A. Kohn, SIOR
(847) 341-6048
Source:
Moodyscre
Added: Jul 17, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:42AM
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 Avison Young | Suburban Chicago
Investment Insights
Based on property information with market context.
This 35,243-square-foot manufacturing building is available for sale, presenting an opportunity for investors. The property features heavy power and is located within a 1-mile drive to I-294, an 11-minute drive to O'Hare International Airport, and a 6-minute drive to commuter rail.
Key Highlights
- Heavy power, suitable for manufacturing
- Proximity to I‑294 (1‑mile drive)
- Convenient access to O'Hare International Airport (11‑minute drive)
Financial Insights For Industrial
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 | $228.4k | $6.48 |
| − Vacancy | −$11.6k | −$0.33 |
| EGI | $216.7k | $6.15 |
| − OpEx | −$65.0k | −$1.84 |
| NOI | $151.7k | $4.30 |
35,243 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.17M
$1.90M – $2.53M
NOI $151,709 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.17M
$10.65M – $14.20M
NOI $851,746 @ 7.0% cap · market cap 40.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing building for sale with heavy power near I-294.
Where is this manufacturing property located?
The property is located at 3800 Wesley Ter Schiller Park, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Heavy power, suitable for manufacturing; Proximity to I‑294 (1‑mile drive); Convenient access to O'Hare International Airport (11‑minute drive)
