Free Standing Manufacturing
For Sale
$2,650,000
9325 Corsair Road, Frankfort, IL 60423
Manufacturing property with extra land, excellent condition, close to highways.
Property Size22,052 SF
Price / SF$120.17
Days on Market185
Property Features for 9325 Corsair Road
General Information
Standard status
Active
Size
22,052 SF
Property subtype
Industrial
Listing Agency:
DarwinPW Realty/CORFAC International
(773) 714-2141
Listed By:
Edward Wabick, SIOR
(773) 714-2141
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 30 at 4:24AM
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 DarwinPW Realty/CORFAC International
Investment Insights
Based on property information with market context.
This is a free-standing manufacturing property situated within an industrial park, offering proximity to both I-57 and I-80. The property is in excellent condition and features LED lighting in the plant and warehouse areas. The property size is 22052 square feet and includes extra land.
Key Highlights
- Hard‑to‑find free standing manufacturing property
- Extra land included
- Excellent condition
Financial Insights For Industrial
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 | $142.9k | $6.48 |
| − Vacancy | −$7.3k | −$0.33 |
| EGI | $135.6k | $6.15 |
| − OpEx | −$40.7k | −$1.84 |
| NOI | $94.9k | $4.30 |
22,052 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.36M
$1.19M – $1.58M
NOI $94,926 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.38M – $5.83M
NOI $350,098 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 60423, IL
32,784
Population
11,494
Households
2.9
Avg Household Size
42
Median Age
48%
College-Educated
97%
High-School Grad
37.9 sq mi
ZIP Area
865
Density / Sq Mi
$137,651
Median Household Income
$63,686
Median Earnings
$1,455
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing property with extra land, excellent condition, close to highways.
Where is this manufacturing property located?
The property is located at 9325 Corsair Road Frankfort, IL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Hard‑to‑find free standing manufacturing property; Extra land included; Excellent condition
