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

    4260 Old River Rd Schiller Park, IL 60176

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    Commercial building near O'Hare Airport, suitable for restaurant or office.

    Lot size:
    0.42 Acres

    Property Features for 4260 Old River Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.42 Acres

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Grace Ren
    Source: Elliman

    Listing Agent: Grace Ren

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Schiller Park Commercial Building For Sale

    This commercial building, suitable for businesses such as restaurants, bars, and food production, is located in close proximity to over 10 hotels and less than 3 miles from Chicago O’Hare International Airport. The masonry block building features poured concrete walls and a gross building area of 15,365 square feet. In 2014, the property was converted to cold storage with a total investment of $1,000,000. The property offers potential for office or private rooms. Additional features include a loading dock at the rear, a ceiling height of 14 feet, and C-2 commercial zoning.
    Location Intelligence

    Current Use by Public Records

    Food Evolution Catering Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Pasteleria Durango, Apropo Services Inc, Breakfast in Bed

    Location Insight

    • Map
    • Local Demand
    City
    Schiller Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8611202
    Latitude
    41.9567472

    Nearby Similar for Sale

    • New
      $480,000
      5,000 SF

      Franklin Park Commercial Property For Sale

      5,000 SF industrial/manufacturing building with renovated office and ample parking.
      9125 Belden Ave, Franklin Park, IL 60131
      View Details
    • $999,000
      0.23 Acres

      Franklin Park Multifamily Investment Opportunity

      Two 10-unit buildings with recent upgrades and tax advantages.
      10548 Crown Rd, Franklin Park, IL 60131
      View Details
    • $1,100,000
      0.23 Acres

      Franklin Park Multifamily Investment Opportunity

      Two ten-unit apartment buildings with recent upgrades and tax benefits.
      10542 Crown Rd, Franklin Park, IL 60131
      View Details
    • $1,700,000
      0.69 Acres

      Industrial Building in Franklin Park

      20,000 SF industrial building for sale in Franklin Park, IL.
      2330 17Th St, Franklin Park, IL 60131
      View Details
    • $1,500,000

      Leased Investment Property Near I-490

      Fully leased investment property with future I-490 interchange access.
      1060-1078 E Green St, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Franklin Park Industrial Building

      38,000 SF industrial building with heavy power capacity.
      3845 Carnation St, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Industrial Park Near O'Hare Airport

      Three-building industrial park with convenient airport access.
      3701-3717 N 25Th Ave, Schiller Park, IL 60176
      View Details
    • Contact for pricing

      Schiller Park Warehouse For Sale

      120,461 SF warehouse near I-294 and O’Hare Airport.
      3951 Soreng Ave, Schiller Park, IL 60176
      View Details
    • $3,995,000
      54,511 SF

      Schiller Park Freestanding Industrial Facility

      Freestanding industrial facility with heavy power and central location.
      9515 Winona Ave, Schiller Park, IL 60176
      View Details
    • Contact for pricing
      12,027 SF

      Franklin Park Warehouse For Sale

      12,027 SF warehouse with interior dock door.
      11227 Franklin Ave, Franklin Park, IL 60131
      View Details

    FAQs

    What type of property is this?
    Restaurant - Commercial building near O'Hare Airport, suitable for restaurant or office.
    Where is this restaurant located?
    The property is located at 4260 Old River Rd Schiller Park, 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: - Prime location less than 3 miles from Chicago O'Hare International Airport and close to over 10 hotels.; - Cold storage conversion in 2014 representing a $1,000,000 investment.; - Building is zoned commercial C-2.
    (407) 408-8841
    Request Owner's contact information
    4260 Old River Rd Schiller Park, IL 60176
    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.
    4260 Old River Rd
    Schiller Park, IL 60176
    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
    4260 Old River Rd Schiller Park, IL 60176
    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

    We can help!
    Listing Contact
    Grace Ren
    (407) 408-8841
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!