12521-12531 W Horseshoe Drive, New Lenox, IL 60451
Five fire-walled warehouse units are fully leased, each with overhead door access and unit heaters.
- Added:
- Jun 28, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 4 at 2:39 am
Property Features for 12521-12531 W Horseshoe Drive
General Information
- Standard status
- Active
- Size
- 12,523 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing office Coldwell Banker Commercial Real Estate Group (815) 553-2406
Listing date Jun 28, 2026
Source Crexi
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HighLights
- Five fire‑walled warehouse units are fully leased for stable income
- Each unit includes an overhead door, unit heaters, and floor drains
- Units 12521 and 12531 have massive 14' x 14' drive‑in doors on both sides of the units
- Unit 12525 includes a professional built‑out office space with convenient half‑baths in each warehouse unit
- Unit 12531 has a city‑approved Special Use Permit for a finished second‑floor live/work apartment with a private deck
- Upgraded electrical service to all units with 3‑phase, 208V; durable solid masonry to roof with 5/8" drywalled ceilings and metal roof
Overview
Located in the New Lenox industrial corridor, the property offers ample parking to support tenants and visitors. Unit 12531 includes a unique city-approved Special Use Permit that allows for a fully finished second-floor live/work apartment with a private deck, with floor plans available in the provided documents. The property addresses are established to allow for future industrial condos.
For tenants and operators seeking flexible, multi-tenant warehouse space, this setup offers separate fire-walled units with in-unit utilities, drains, and door access, along with office accommodations in Unit 12525. The live/work component in Unit 12531 may also appeal to users looking to combine warehouse space with on-site residential functionality, subject to the existing permit.
Local Financial Insights For Mixed Use
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 | $375.7k | $30.00 |
| − Vacancy | −$71.4k | −$5.70 |
| EGI | $304.3k | $24.30 |
| − OpEx | −$114.1k | −$9.11 |
| NOI | $190.2k | $15.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Lenox
- County
- Will
- State
- Illinois
- Longitude
- -87.9204675
- Latitude
- 41.4967897
