Industrial Warehouse with Drive-In
For Sale
Contact for pricing
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.
Property Size12,523 SF
Price / SF$195.64
Days on Market54
Property Features for 12521-12531 W Horseshoe Drive
General Information
Standard status
Active
Size
12,523 SF
Total Parking Spaces
14
Property subtype
Industrial
Zoning
I-1
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$101,012
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Multifamily Units
1
Building Details
Year Built
2005
Year Renovated
2026
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Real Estate Group
(815) 553-2406
Listed By:
Leah Erickson · License #475.204597
Source:
Crexi
Added: Jun 28
Changed: Aug 14
Last Checked: Aug 20 at 11:24AM
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 Coldwell Banker Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This masonry-built industrial facility consists of five fire-walled tenant spaces designed for practical warehouse operations. The building features full solid masonry construction to the roof, 5/8" drywalled ceilings and finishes, and a durable metal roof. Each unit includes unit heaters, floor drains, and convenient half-baths, with a 14x14' overhead door provided for warehouse access. Unit 12525 includes a professionally built-out office space, supporting on-site administration. Units 12521 and 12531 are set up for drive-through functionality with massive 14' x 14' drive-in doors on both sides of the unit. The property also has upgraded electrical service to all units with 3-phase, 208V power.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
1
Residential units
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60451, IL
36,561
Population
12,972
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
25.2 sq mi
ZIP Area
1,451
Density / Sq Mi
$132,260
Median Household Income
$63,418
Median Earnings
$1,304
Median Rent
$373,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Five fire-walled warehouse units are fully leased, each with overhead door access and unit heaters.
Where is this flex space located?
The property is located at 12521-12531 W Horseshoe Drive New Lenox, IL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 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
