Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Schiller Park, IL 60176 Schiller Park, IL 60176

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,002 SF industrial/flex space with office component for lease.

    Type:Industrial
    Property size:
    5,002 SF
    Added:
    Jan 27, 2026
    Days on Market:
    93
    Last Refresh:
    Apr 5 at 11:31 pm

    Property Features

    General Information

    Standard status
    Active
    Size
    5,002 SF
    Property subtype
    Industrial

    Spaces For Lease

    Contact us

    We can help!

    Listing Contact
    Thomas Gath
    Thomas Gath

    Listing agent Thomas Gath

    Listing office Newmark | Chicago O’Hare

    Listing date Jan 27, 2026

    Source Nmrk

    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 Newmark | Chicago O’Hare

    Overview

    Schiller Park Industrial/Flex Space

    This 5,002 square foot industrial/flex space is available for lease in Schiller Park, IL. The space includes 1,169 square feet of office space and features a 15-foot clear height and one drive-in door. It is equipped with 400 amps of power. The property offers convenient access to major transportation routes. The surrounding community provides a variety of dining options, retail shops, and green spaces. O'Hare International Airport, Fashion Outlets of Chicago, and the Rosemont Theatre are nearby.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    • Pasteleria Durango — 3900 25th ave a, schiller park, il 60176
    • Apropo Services Inc — 4318 River Rd, Schiller Park, IL 60176
    • Dobb's International Services Inc — 5600 Mannheim Rd, Chicago, IL 60666
    • Breakfast in Bed — 9416 Irving Park Rd, Schiller Park, IL 60176
    • GateGourmet Offsite Warehouse — 504 Cargo Rd, Chicago, IL 60666

    Map

    City
    Schiller Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8679
    Latitude
    41.9588

    Nearby Similar for Lease

    • $8 SF/Yr

      Multi-Tenant Industrial Building Near Airport

      25,800 SF industrial building with three vacancies near O'Hare.
      4645-65 North 25th Ave & 9865 Leland Ave, Schiller Park, IL 60176
      View Details
    • Contact for pricing

      Schiller Park Freestanding Industrial Facility

      Freestanding industrial facility with heavy power and central location.
      9515 Winona Avenue, Schiller Park, IL, 60176
      View Details
    • Contact for pricing

      Schiller Park Industrial Space Available

      27,010 SF industrial space near O'Hare Airport.
      4306 United Parkway, Schiller Park, IL, 60176
      View Details
    • Contact for pricing

      Schiller Park Industrial Space Available

      26,872 SF industrial space near O'Hare Airport.
      4210 Transworld Road, Schiller Park, IL, 60176
      View Details
    • $8 SF/Yr

      Schiller Park Warehouse Space Available

      Industrial warehouse space for rent in Schiller Park, Illinois.
      9831-9865 Leland Ave, Schiller Park, IL
      View Details
    • Contact for pricing

      Schiller Park Warehouse Space Available

      Industrial warehouse space near O'Hare and major transportation routes.
      4250-4306 United Pkwy, Schiller Park, IL
      View Details
    • $9 SF/Yr

      Schiller Park Warehouse Space Available

      Warehouse space with office, docks, drive-in door, and high ceilings.
      9520 Seymour Ave, Schiller Park, IL
      View Details
    • Contact for pricing

      New Industrial Space Near Airport

      Modern industrial facility with convenient access to O'Hare Airport.
      9555 Irving Park Rd, Schiller Park, IL
      View Details
    • Contact for pricing

      Retail Space on Hard Corner

      Retail space available on a signalized hard corner location.
      9749-9755 Irving Park Rd, Schiller Park, IL
      View Details
    • Contact for pricing

      Schiller Park Industrial Space Available

      Industrial park near O'Hare Airport, institutionally owned and managed.
      3737-3749 Rose St, Schiller Park, IL
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      6,000-16,000 SF warehouse and office space for rent.
      9520 Seymour Ave, Schiller Park, IL 60176
      View Details
    • Contact for pricing

      Schiller Park Warehouse Space Available

      Warehouse space with excellent access to major transportation routes.
      4205-4321 N United Pkwy, Schiller Park, IL
      View Details

    FAQs

    What type of property is this?
    Flex space - 5,002 SF industrial/flex space with office component for lease.
    Where is this flex space located?
    The property is located at Schiller Park, IL.
    What are key features of this property?
    This property features: 5,002 SF Available, offering ample space.; Convenient access to major transportation routes.; 1,169 SF of Office Space.
    (773) 957-1415
    We can help!
    Listing Contact
    Thomas Gath
    Thomas Gath
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!