Industrial Flex Warehouse With
12129 S Peoria Street Chicago, IL 60643
12129 S Peoria Street, Chicago, IL, 60643
$950,000
For Sale
$950,000
Flex warehouse with two 12-foot drive-in doors, tandem offices, and open loading space on a cul-de-sac.
Property Size9,375 SF
Price / SF$101.33
Days on Market100
Property Features for 12129 S Peoria Street
General Information
- Standard status
- Active
- Size
- 9,375 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1951
Listing agency
Elux Real Estate Corporation
(312) 847-9768
Listed by
Elizabeth Wright
(312) 847-9768
Source
Xome
Added: Apr 15 Updated: Jul 22 at 7:54PM Checked: Jul 22 at 7:54PM
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 Elux Real Estate Corporation
Investment Insights
Based on property information with market context.
This functional industrial flex warehouse includes approximately 9,375 square feet (subject to survey verification) and is designed to support both administrative and operational use. The building features two new 12-foot overhead drive-in doors with remote controls for efficient loading, equipment movement, and logistics. Interior improvements include two large tandem offices, a dedicated conference room, and a spacious open floor plan. Additional interior space includes a raised stage or platform area for staging, assembly, or specialized configurations, along with a large garage-style open loading area to support day-to-day workflow.
The property is located on a quiet cul-de-sac just south of the railroad tracks in the West Pullman area. It is in the Planned Manufacturing District (PMD 10), and buyers should verify permitted uses and zoning details with the City of Chicago.
A value-add consideration includes two adjacent city-owned parcels on either side of the building, which may provide opportunities for expansion, additional yard space, or outdoor storage; buyers should conduct their own due diligence regarding acquisition potential. The recent tuckpointing supports exterior maintenance, and the property is equipped with a WiFi-enabled security system. The deed includes three PINs: 25-29-209-008, 25-29-209-009, and 25-29-209-010, and buyers are encouraged to verify real estate tax information independently.
The property is located on a quiet cul-de-sac just south of the railroad tracks in the West Pullman area. It is in the Planned Manufacturing District (PMD 10), and buyers should verify permitted uses and zoning details with the City of Chicago.
A value-add consideration includes two adjacent city-owned parcels on either side of the building, which may provide opportunities for expansion, additional yard space, or outdoor storage; buyers should conduct their own due diligence regarding acquisition potential. The recent tuckpointing supports exterior maintenance, and the property is equipped with a WiFi-enabled security system. The deed includes three PINs: 25-29-209-008, 25-29-209-009, and 25-29-209-010, and buyers are encouraged to verify real estate tax information independently.
Key Highlights
- Approx. 9,500 SF industrial building on S Peoria St in Chicago (subject to survey verification)
- Two new 12‑foot overhead drive‑in doors with remote controls for loading, equipment movement, and logistics
- Interior layout includes two large tandem offices, a dedicated conference room, and a spacious open floor plan
Local Financial Insights For Warehouse
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 | $88.4k | $9.43 |
| − Vacancy | −$4.9k | −$0.52 |
| EGI | $83.5k | $8.91 |
| − OpEx | −$12.5k | −$1.34 |
| NOI | $71.0k | $7.57 |
9,375 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.55M
$1.35M – $1.80M
NOI $108,225 @ 7.0% cap · market cap 11.39%
Second Best
Warehouse
$1.01M
$887.7K – $1.18M
NOI $71,012 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,420 @ 7.0% cap · market cap 32.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Concerned Veterans From
Advocacy Group
Pics and thrones throne ...
Event Planning
DSR Trucking Inc
Trucking Company
Quazar Inc
Construction Company
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FAQs
What type of property is this?
Flex space - Flex warehouse with two 12-foot drive-in doors, tandem offices, and open loading space on a cul-de-sac.
Where is this flex space located?
The property is located at 12129 S Peoria Street Chicago, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approx. 9,500 SF industrial building on S Peoria St in Chicago (subject to survey verification); Two new 12‑foot overhead drive‑in doors with remote controls for loading, equipment movement, and logistics; Interior layout includes two large tandem offices, a dedicated conference room, and a spacious open floor plan
