South Holland Industrial
For Sale
$575,000
16060 Suntone Dr, South Holland, IL 60473
9,700 SF industrial property available for purchase.
Property Size9,700 SF
Price / SF$59.28
Days on Market313
Property Features for 16060 Suntone Dr
General Information
Standard status
Active
Size
9,700 SF
Property subtype
Industrial
Building Details
Building Size
9,700 SF
Year Built
1976
Listing Agency:
Lee & Associates | Chicago
Listed By:
Michael O'Leary
(224) 778-0441
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 3
Last Checked: Oct 4 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 Lee & Associates | Chicago
Investment Insights
Based on property information with market context.
This industrial property offers 9,700 square feet of space and is available for purchase.
Key Highlights
- 9,700 SF industrial property available for purchase.
- Built in 1976.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,755
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,100
$835.1K
Cap Rate 7%
$596,500
$596.5K
Cap Rate 9%
$463,944
$463.9K
Market Conditions
NOI Build-Up for 9,700 SF
Gross rent
$62.9K $6.48/SF
− Vacancy
−$3.2K −$0.33/SF
EGI
$59.7K $6.15/SF
− OpEx
−$17.9K −$1.84/SF
NOI
$41.8K $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%
$835,100
Cap Rate 7%
$596,500
Cap Rate 9%
$463,944
Alternative Uses
Best Use
Industrial
$596.5K
$521.9K – $695.9K
NOI $41,755 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,428 @ 7.0% cap · market cap 40.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 60473, IL
21,661
Population
7,969
Households
2.7
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,777
Density / Sq Mi
$88,046
Median Household Income
$40,903
Median Earnings
$1,914
Median Rent
$200,000
Median Home Value
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - 9,700 SF industrial property available for purchase.
Where is this industrial property located?
The property is located at 16060 Suntone Dr South Holland, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 9,700 SF industrial property available for purchase.; Built in 1976.
