Industrial Property Near
For Sale
Contact for pricing
17320 S Delia Ave, Plainfield, IL
Column-free shop space with high ceilings, near I-55.
Property Size8,300 SF
Lot Size0.83 Acres
Price / SF$144.58
Days on Market1007
Property Features for 17320 S Delia Ave
General Information
Standard status
Active
Size
8,300 SF
Lot size
0.83 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Hiffman | Oakbrook Terrace
(630) 932-1234
Listed By:
Adam Stokes · License #471013674
(847) 698-7401
Source:
Moodyscre
Added: Jan 2, 2024
Changed: Jul 6
Last Checked: Oct 4 at 11:26AM
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 NAI Hiffman | Oakbrook Terrace
Investment Insights
Based on property information with market context.
This industrial property features column-free shop space with high ceilings and attractive office space. The warehouse includes a trench drain and radiant heat under the floor. The property is located 5 miles from the I-55 Expressway via a full-interchange at Route 30. It is also located 36 miles from Midway International Airport. The property is ideal for small businesses, workshops, RV, boat, or automotive storage. The warehouse ceiling height is 25 feet. The property will be available in April 2023. The property contains 8,300 square feet.
Key Highlights
- Immaculate column‑free shop space with high ceilings.
- Benefit from the 25' ceiling height.
- Radiant heat (under the warehouse floor) for efficient heating.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,385
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,700
$867.7K
Cap Rate 7%
$619,786
$619.8K
Cap Rate 9%
$482,056
$482.1K
Market Conditions
NOI Build-Up for 8,300 SF
Gross rent
$53.8K $6.48/SF
− Vacancy
−$2.7K −$0.33/SF
EGI
$51.0K $6.15/SF
− OpEx
−$7.7K −$0.92/SF
NOI
$43.4K $5.23/SF
Area
Will County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,700
Cap Rate 7%
$619,786
Cap Rate 9%
$482,056
Alternative Uses
Best Use
Warehouse
$619.8K
$542.3K – $723.1K
NOI $43,385 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$510.4K
$446.6K – $595.5K
NOI $35,729 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,771 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Column-free shop space with high ceilings, near I-55.
Where is this warehouse located?
The property is located at 17320 S Delia Ave Plainfield, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Immaculate column‑free shop space with high ceilings.; Benefit from the 25' ceiling height.; Radiant heat (under the warehouse floor) for efficient heating.
