Schiller Park Manufacturing
For Sale
Contact for pricing
3800 Wesley Ter, Schiller Park, IL
Manufacturing building for sale with heavy power near I-294.
Property Size35,243 SF
Lot Size2.35 Acres
Price / SF$59.59
Days on Market1201
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
(312) 957-7600
Listed By:
Steven A. Kohn, SIOR
(847) 341-6048
Source:
Moodyscre
Added: Jul 17, 2023
Changed: Oct 26
Last Checked: Oct 28 at 10:48AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$151,709
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,034,180
$3.0M
Cap Rate 7%
$2,167,271
$2.2M
Cap Rate 9%
$1,685,656
$1.7M
Market Conditions
NOI Build-Up for 35,243 SF
Gross rent
$228.4K $6.48/SF
− Vacancy
−$11.6K −$0.33/SF
EGI
$216.7K $6.15/SF
− OpEx
−$65.0K −$1.84/SF
NOI
$151.7K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,034,180
Cap Rate 7%
$2,167,271
Cap Rate 9%
$1,685,656
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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)
