Warehouse with Overhead
For Sale
Contact for pricing
1200 Main Street, Melrose Park, IL 60160
A gas-heated warehouse includes drive-in access, a small office, and two bathrooms.
Property Size7,871 SF
Price / SF$0.00
Days on Market14
Property Features for 1200 Main Street
General Information
Standard status
Active
Size
7,871 SF
Property subtype
Commercial
Amenities
gas heater
small office
two bathrooms
Building Details
Year Built
1949
Listing Agency:
Strauss Realty Ltd
(773) 736-3600
Listed By:
Adam Schneiderman · License #475149601
(847) 826-4467
Source:
Helenoliveri
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 3:01PM
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 Strauss Realty Ltd
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 warehouse in Melrose Park has 18-foot clear height, a drive-in door, and a 5-ton overhead crane. The building also includes a gas heater, a small office, and two bathrooms.
An additional 2,600 square feet of second-floor office space is available, along with 12,000 square feet of outdoor yard area.
An additional 2,600 square feet of second-floor office space is available, along with 12,000 square feet of outdoor yard area.
Key Highlights
- 18‑foot clear height
- 5‑ton overhead crane
- One drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,882
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,640
$677.6K
Cap Rate 7%
$484,029
$484.0K
Cap Rate 9%
$376,467
$376.5K
Market Conditions
NOI Build-Up for 7,871 SF
Gross rent
$51.0K $6.48/SF
− Vacancy
−$2.6K −$0.33/SF
EGI
$48.4K $6.15/SF
− OpEx
−$14.5K −$1.84/SF
NOI
$33.9K $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%
$677,640
Cap Rate 7%
$484,029
Cap Rate 9%
$376,467
Alternative Uses
Best Use
Warehouse
$587.7K
$514.3K – $685.7K
NOI $41,142 @ 7.0% cap · market cap 411,420.00%
Second Best
Industrial
$484.0K
$423.5K – $564.7K
NOI $33,882 @ 7.0% cap · market cap 338,820.00%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,225 @ 7.0% cap · market cap 1,902,250.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60160, IL
24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - A gas-heated warehouse includes drive-in access, a small office, and two bathrooms.
Where is this warehouse located?
The property is located at 1200 Main Street Melrose Park, IL.
What are key features of this property?
This property features: 18‑foot clear height; 5‑ton overhead crane; One drive‑in door
