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

    11227 Franklin Ave Franklin Park, IL 60131

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    12,027 SF food production facility near O'Hare Airport.

    Property size:
    12,027 SF
    Lot size:
    12,027 SF

    Property Features for 11227 Franklin Ave

    General Information

    Standard status
    Active
    Size
    12,027 SF

    We can help!

    Listing Contact
    Jason Lev
    Jason Lev
    Source: Cbre

    Listing Agency: CBRE | Chicago Listing Agent: Jason Lev

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

    Learn more

    Overview

    Food Production Facility For Rent

    This 12,027 square foot food production facility is available for rent. The property is located at 11227 Franklin Ave in Franklin Park, Illinois, and features 1,515 square feet of office space. It offers convenient access to I-294, O'Hare Airport, and the CP Intermodal. The building includes one interior dock door and has a clear height of 10 feet. Floor drains are installed throughout the space.
    Location Intelligence

    Current Use by Public Records

    Food Evolution Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Nail Salon Pharmacy Gym & Fitness Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.9062204
    Latitude
    41.9451622

    Nearby Similar for Lease

    • Contact for pricing
      11,252 SF

      Franklin Park Retail Leasing Opportunity

      Standalone retail building with versatile space and prominent exposure.
      10220 Grand Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Prime Commercial Space in Franklin Park

      High-visibility retail/office space in luxury apartment building.
      9600 Franklin Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Air Conditioned Warehouse and Distribution

      Meticulously maintained warehouse with ample parking and heavy power.
      3708 River Rd, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Retail Space with Ample Parking

      Retail space available in shopping center with high traffic.
      2713-2745 Mannheim Rd, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      362,600 SF

      Franklin Park Industrial Warehouse Space

      Industrial warehouse space for lease near O'Hare Airport.
      3501 Mount Prospect Rd, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      179,164 SF

      Franklin Park Industrial/Manufacturing/Cold Storage Space

      Industrial/manufacturing/cold storage space in Franklin Park's booming industrial corridor.
      9234 Belmont Ave, Franklin Park, IL 60131
      View Details
    • $11 SF/Yr

      O'Hare Industrial Market Units

      Units in O'Hare Industrial Market with dock access.
      10915-10929 Franklin Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Restaurant Space For Lease

      1,600 SF restaurant space in Franklin Park, Illinois.
      2926 Mannheim Rd, Franklin Park, IL 60131
      View Details
    • $40 SF/Yr
      1,800 SF

      Modern Dental Facility For Rent

      Newly constructed dental facility with six operatories in high-traffic area.
      2633 Mannheim Rd, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      750 SF

      Retail Space with Ample Parking

      Retail space featuring ample parking and flexible layouts for rent.
      10001-10015 Grand Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      12,233 SF

      Franklin Park Warehouse Space Available

      12,233 SF warehouse space with interior docks for lease.
      2980 Hart Ct, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      51,032 SF

      Franklin Park Industrial Space Available

      51,032 SF industrial space with ample trailer parking.
      10601 Seymour Ave, Franklin Park, IL 60176
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 12,027 SF food production facility near O'Hare Airport.
    Where is this manufacturing property located?
    The property is located at 11227 Franklin Ave Franklin Park, IL.
    What are key features of this property?
    This property features: - Proximity to I-294, O'Hare Airport, and CP Intermodal; - 12,027 SF Food Production Facility; - Floor drains throughout the space
    (847) 706-4044
    Request Owner's contact information
    11227 Franklin Ave Franklin Park, IL 60131
    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.
    11227 Franklin Ave
    Franklin Park, IL 60131
    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
    11227 Franklin Ave Franklin Park, IL 60131
    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
    Jason Lev
    Jason Lev
    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!