Temperature-Controlled Flex
For Sale
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5350 Keystone Ct, Rolling Meadows, IL 60008
Flex facility with 13’ clear height, 310 parking spaces, and 3 drive-in doors plus a dock in M-1 zoning.
Property Size60,142 SF
Lot Size5.74 Acres
Price / SF$64.85
Days on Market1216
Property Features for 5350 Keystone Ct
General Information
Standard status
Active
Size
60,142 SF
Total Parking Spaces
310
Lot size
5.74 Acres
Property subtype
OFFICE
Zoning
M-1
Warehouse & Industrial
Clear Height
13 ft
Warehouse Space
3,285 SF
Office Build-Out
55,444 SF
Dock-High Doors
1
Drive-In Doors
3
Power
1,200 amps
Voltage
480 V
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
60,142 SF
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Brent Jacob · License #475137071
(847) 698-8215
Source:
Moodyscre
Added: Jul 5, 2023
Changed: Oct 25
Last Checked: Nov 1 at 8:21AM
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 Colliers | Chicago Rosemont
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Investment Insights
Based on property information with market context.
This temperature-controlled flex space includes office and warehouse areas designed to support manufacturing, assembly, processing, and sales/service operations. The warehouse area is 3,285 SF and is noted as expandable, complemented by 55,444 SF of office space. The facility offers 13’ clear height and loading through three drive-in doors and one exterior dock. Sprinklered and maintained in excellent condition, the building also features a newer roof and is described as 100% temperature controlled.
Key Highlights
- 100% temperature controlled flex building with newer roof
- Office space plus expandable 3,285 SF warehouse area
- 13’ clear height and sprinklered construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,368
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,287,360
$6.3M
Cap Rate 7%
$4,490,971
$4.5M
Cap Rate 9%
$3,492,978
$3.5M
Market Conditions
NOI Build-Up for 60,142 SF
Gross rent
$389.7K $6.48/SF
− Vacancy
−$19.9K −$0.33/SF
EGI
$369.8K $6.15/SF
− OpEx
−$55.5K −$0.92/SF
NOI
$314.4K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,287,360
Cap Rate 7%
$4,490,971
Cap Rate 9%
$3,492,978
Alternative Uses
Best Use
Flex RnD
$9.05M
$7.92M – $10.55M
NOI $633,295 @ 7.0% cap · market cap 16.24%
Second Best
Warehouse
$4.49M
$3.93M – $5.24M
NOI $314,368 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$20.76M
$18.17M – $24.23M
NOI $1,453,500 @ 7.0% cap · market cap 37.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60008, IL
22,760
Population
9,282
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,463
Density / Sq Mi
$96,213
Median Household Income
$47,405
Median Earnings
$1,561
Median Rent
$295,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- FoodBarz — 1701 Golf Rd, Rolling Meadows, IL 60008
Frequently Asked Questions
What type of property is this?
Flex space - Flex facility with 13’ clear height, 310 parking spaces, and 3 drive-in doors plus a dock in M-1 zoning.
Where is this flex space located?
The property is located at 5350 Keystone Ct Rolling Meadows, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 100% temperature controlled flex building with newer roof; Office space plus expandable 3,285 SF warehouse area; 13’ clear height and sprinklered construction
