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Fire-Walled Flex/Warehouse Investment
For Sale
$2,450,000

12521 W Horseshoe Dr, New Lenox, IL 60451

Five fire-walled, fully leased warehouse and office units feature masonry construction, unit heaters, and 14x14 overhead doors.

Property Size12,523 SF
Days on Market32

Property Features for 12521 W Horseshoe Dr

General Information

Standard status Active
Size 12,523 SF
Property subtype Industrial - Flex - Industrial
Occupancy 100%

Warehouse & Industrial

Drive-In Doors 4
Heavy Power Yes

Building Details

Building Size 12,523 SF
Year Built 2005
Year Renovated 2025
Stories 1
Units 5
Tenancy Multi
Listing Agency: Coldwell Banker Commercial Real Estate Group
Listed By: Leah Erickson · License #475204597
Source: Commercialcafe
Added: Jul 26 Changed: Aug 14 Last Checked: Aug 26 at 5:49AM

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 fully leased industrial and flex property is built as five fire-walled tenant spaces, providing stable occupancy. The structure features solid masonry construction to the roof, 5/8" drywalled ceilings and finishes, and a durable metal roof. Each unit includes unit heaters and floor drains, along with a 14x14' overhead door and half-baths in every warehouse unit. Unit 12525 includes a professional built-out office space.

Operational access is designed for everyday use, with units 12521 and 12531 featuring massive 14' x 14' drive-in doors on both sides of the unit. The property also has ample parking.

Power has been upgraded to all units with 3-phase, 208V service. Unit 12521 is notable for a unique, city-approved Special Use Permit allowing for a fully finished second-floor live/work apartment with a private deck. The established addresses are set up to allow for future industrial condo configurations.

Key Highlights

  • Fully leased five‑unit commercial facility with fire‑walled tenant spaces and stable income from current tenants
  • Built in 2005 with full solid masonry construction to roof, 5/8 in drywalled ceilings and finishes, and a durable metal roof
  • Warehouse units include unit heaters, floor drains, and 14 x 14 ft overhead doors; Units 12521 and 12531 have massive 14 ft x 14 ft drive‑in doors on both sides

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Hair Salon Restaurant Spa & Massage Center Real Estate Agency Law Firm Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power

Location Intelligence

Trade Area within ½ mile

281
Businesses Nearby
Under-served
Demand for This Use

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

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Five fire-walled, fully leased warehouse and office units feature masonry construction, unit heaters, and 14x14 overhead doors.
Where is this flex space located?
The property is located at 12521 W Horseshoe Dr 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: Fully leased five‑unit commercial facility with fire‑walled tenant spaces and stable income from current tenants; Built in 2005 with full solid masonry construction to roof, 5/8 in drywalled ceilings and finishes, and a durable metal roof; Warehouse units include unit heaters, floor drains, and 14 x 14 ft overhead doors; Units 12521 and 12531 have massive 14 ft x 14 ft drive‑in doors on both sides
More about this property
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