Industrial Flex Warehouse With
For Sale
$950,000
12129 S Peoria St, Chicago, IL 60643
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 Market187
Property Features for 12129 S Peoria St
General Information
Standard status
Active
Size
9,375 SF
Zoning
PMD 10
Site & Location
Neighborhood
Near South Side
Road Access
Yes
Additional Details
Drive-In Doors
2
Amenities
WiFi-enabled security system
tandem offices
conference room
raised stage platform
garage-style loading area
Building Details
Year Built
1951
Listing Agency:
Elux Real Estate Corporation
Listed By:
Elizabeth Wright
(312) 847-9768
Source:
Bktchicago
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 26 at 9:18PM
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
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Investment Insights
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,012
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,240
$1.4M
Cap Rate 7%
$1,014,457
$1.0M
Cap Rate 9%
$789,022
$789.0K
Market Conditions
NOI Build-Up for 9,375 SF
Gross rent
$88.4K $9.43/SF
− Vacancy
−$4.9K −$0.52/SF
EGI
$83.5K $8.91/SF
− OpEx
−$12.5K −$1.34/SF
NOI
$71.0K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,240
Cap Rate 7%
$1,014,457
Cap Rate 9%
$789,022
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 authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 60643, IL
47,831
Population
19,541
Households
2.4
Avg Household Size
44
Median Age
39%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
6,464
Density / Sq Mi
$83,015
Median Household Income
$53,155
Median Earnings
$1,359
Median Rent
$233,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Chicago, IL
Similar Off Market Nearby
- Lala's Tasty Treats, LLC — 12533 S Lowe Ave Unit M, Chicago, IL 60628
- Lenore's Kitchen Catering Inc — 11901 S Loomis St, Chicago, IL 60643
- JA2 Catering — 11901 S Loomis St, Chicago, IL 60643
Frequently Asked Questions
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 St 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
