Truck Terminal with Maintenance
2314 North River Road River Grove, IL 60171
For Sale
$2,650,000
14,500 SF truck terminal with maintenance pit and office.
Property Size14,500 SF
Lot Size1.70 Acres
Price / SF$182.76
Days on Market102
Property Features for 2314 North River Road
General Information
- Standard status
- Active
- Size
- 14,500 SF
- Lot size
- 1.70 Acres
- Property subtype
- Industrial
Listing Agency:
CBRE | Chicago
(847) 706-4044
Listed By:
Jason Lev
(847) 706-4044
Source:
Cbre
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 24 at 4:58AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
This 14,500 square foot property includes 4,125 square feet of office space and sits on 1.7 acres. The building features clear spans and a maintenance pit suitable for truck maintenance. Loading is facilitated by 2 exterior dock doors and 3 drive-in doors. There are 15 car parking stalls and 15 cab/trailer stalls. The property is lit with LED lighting and has high-end office finishes. The clear height ranges from 14 to 22 feet. This property is eligible for a 6B tax incentive.
Key Highlights
- 6B Tax Incentive Eligible
- Benefit from a pit for truck maintenance
- Clear span shop area
Financial Insights For Warehouse
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 | $94.0k | $6.48 |
| − Vacancy | −$4.8k | −$0.33 |
| EGI | $89.2k | $6.15 |
| − OpEx | −$13.4k | −$0.92 |
| NOI | $75.8k | $5.23 |
14,500 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.08M
$947.4K – $1.26M
NOI $75,793 @ 7.0% cap · market cap 2.86%
Second Best
Industrial
$891.7K
$780.2K – $1.04M
NOI $62,418 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$5.01M
$4.38M – $5.84M
NOI $350,433 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sparc Transport
Trucking Company
FAQs
What type of property is this?
Truck terminal - 14,500 SF truck terminal with maintenance pit and office.
Where is this truck terminal located?
The property is located at 2314 North River Road River Grove, 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: 6B Tax Incentive Eligible; Benefit from a pit for truck maintenance; Clear span shop area
