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    Industrial Warehouse with Fenced Storage Title is generated by Realmo AI

    525-531 W 169th St, South Holland, IL 60473

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    Modern warehouse space with docks, drive-in access, and secured outdoor storage to support distribution and industrial operations.

    Type:Industrial
    Property size:
    50,204 SF
    Lot size:
    3.63 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 3 at 1:42 am

    Property Features for 525-531 W 169th St

    General Information

    Standard status
    Active
    Size
    50,204 SF
    Lot size
    3.63 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1979

    Spaces For Lease

    at 525-531 W 169th St Contact us

    We can help!

    Listing Contact
    Joshua Hearne
    Joshua Hearne

    Listing agent Joshua Hearne

    Listing office Cawley Chicago

    Listing date Jun 2, 2026

    Source Cawleycre

    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 Cawley Chicago

    HighLights

    • 50,204 SF total available with 4,950 SF office and 3.63 acres of land
    • Loading includes 3 drive‑in doors and 4 docks
    • 16’ clear height warehouse for industrial and distribution use
    • 1600 Amps / 400 Volt power capacity plus compressed air lines throughout
    • Breakroom and locker rooms included
    • 1 acre fenced and secured outdoor storage plus quick access to I‑94, I‑80, I‑57, and I‑294

    Overview

    This versatile industrial facility offers 50,204 SF total, including 4,950 SF of contemporary office space. The warehouse is supported by 3 drive-in doors and 4 dock positions, with a 16’ clear height for practical material handling. Power is rated at 1,600 Amps at 400 Volt, and the building includes compressed air lines throughout. Tenant support space is built in with a breakroom and locker rooms, which can help streamline day-to-day operations.

    Located at 525-531 W 169th St in South Holland, the property is positioned for quick regional access with routes including I-94, I-80, I-57, and I-294. Ample parking supports employee and vehicle needs, and the site includes 3.63 acres of land. An additional 1 acre of fenced and secured outdoor storage expands capacity for equipment, inventory, or staging.

    The configuration makes this property well-suited for industrial, warehouse, or distribution users that need both functional loading and meaningful support areas for staff. With drive-in and dock loading, on-site office space, and secured exterior storage, it can also be a strong option for operators evaluating flexible deployment of interior and yard needs, including the potential for multi-tenant use.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Holland
    County
    Cook
    State
    Illinois
    Longitude
    -87.6296648
    Latitude
    41.5876517

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    FAQs

    What type of property is this?
    Flex space - Modern warehouse space with docks, drive-in access, and secured outdoor storage to support distribution and industrial operations.
    Where is this flex space located?
    The property is located at 525-531 W 169th St South Holland, IL.
    What are key features of this property?
    This property features: 50,204 SF total available with 4,950 SF office and 3.63 acres of land; Loading includes 3 drive‑in doors and 4 docks; 16’ clear height warehouse for industrial and distribution use
    (815) 302-5488
    We can help!
    Listing Contact
    Joshua Hearne
    Joshua Hearne
    Learn More
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    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.

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