End-Unit Flex
For Sale
$275,000
129 Wheeling Road, Wheeling, IL 60090
Air conditioning, an overhead door, and shared dock access support a range of industrial uses.
Property Size2,300 SF
Price / SF$119.57
Days on Market43
Property Features for 129 Wheeling Road
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Zoning
INDUS
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
180 SF
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,897
Building Details
Building Size
2,300 SF
Year Built
1995
Stories
1
Listing Agency:
Golden Arrow Realty Inc.
Listed By:
Jerry Mustafa · License #IL47011850
(773) 622-1100
Source:
Fishmangroup
Added: Sep 17
Changed: Oct 25
Last Checked: Oct 26 at 3:48AM
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 Golden Arrow Realty Inc.
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Investment Insights
Based on property information with market context.
This end-position flex condominium has approximately 2,300 square feet of interior area, with a 2,564-square-foot footprint including walls. The unit is fully air conditioned and features 14-foot ceilings, a 12-foot overhead door, and a shared dock. Front office space measures approximately 180 square feet, with dimensions of 12 1/2 by 14 1/2 feet. Zoning is INDUS.
The property offers access to I-290/RT 53, I-94, and I-294. A Metra station is next door, and O’Hare Airport is approximately 20 minutes away. Combining this unit with the adjacent space may provide approximately 4,600 square feet of interior area. Auto repair and auto body uses are not permitted.
The property offers access to I-290/RT 53, I-94, and I-294. A Metra station is next door, and O’Hare Airport is approximately 20 minutes away. Combining this unit with the adjacent space may provide approximately 4,600 square feet of interior area. Auto repair and auto body uses are not permitted.
Key Highlights
- Approximately 2,300 square feet of interior space; 2,564‑square‑foot footprint including walls
- Fully air conditioned, with 14‑foot ceilings and a 12‑foot overhead door
- Approximately 180‑square‑foot front office; dimensions are 12 1/2' x 14 1/2'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,219
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,380
$484.4K
Cap Rate 7%
$345,986
$346.0K
Cap Rate 9%
$269,100
$269.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$41.4K $18.00/SF
− Vacancy
−$4.1K −$1.80/SF
EGI
$37.3K $16.20/SF
− OpEx
−$13.0K −$5.67/SF
NOI
$24.2K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,380
Cap Rate 7%
$345,986
Cap Rate 9%
$269,100
Alternative Uses
Best Use
Flex RnD
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 8.81%
Second Best
Warehouse
$171.7K
$150.3K – $200.4K
NOI $12,022 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$794.1K
$694.8K – $926.4K
NOI $55,586 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 60090, IL
39,017
Population
15,960
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
88%
High-School Grad
9.0 sq mi
ZIP Area
4,335
Density / Sq Mi
$83,449
Median Household Income
$45,436
Median Earnings
$1,578
Median Rent
$243,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Air conditioning, an overhead door, and shared dock access support a range of industrial uses.
Where is this flex space located?
The property is located at 129 Wheeling Road Wheeling, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 2,300 square feet of interior space; 2,564‑square‑foot footprint including walls; Fully air conditioned, with 14‑foot ceilings and a 12‑foot overhead door; Approximately 180‑square‑foot front office; dimensions are 12 1/2' x 14 1/2'
