Office-Warehouse with Overhead
For Sale
Contact for pricing
14052 W Petronella Dr, Libertyville, IL 60048
Freshly built-out office-warehouse includes office improvements and a 1020 overhead loading door.
Property Size2,622 SF
Price / SF$152.17
Days on Market155
Property Features for 14052 W Petronella Dr
General Information
Standard status
Active
Size
2,622 SF
Class
B
Property subtype
Office, Industrial
Zoning
L1-Light Industrial
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1980
Stories
1
Tenancy
Single
Listing Agency:
JC Forney Realty Inc
Listed By:
Kenneth Eichelberger · License #IL #475114223
(847) 362-2000
Source:
Crexi
Added: May 28
Changed: Oct 25
Last Checked: Oct 28 at 8:42AM
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 JC Forney Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office-warehouse features a concrete block/brick construction and includes both office and warehouse space. The office area is built out with three private areas, a large open office with two skylights, and a conference room. Updates include a modern kitchen with new built-ins, a washroom with shower, and a washer and dryer in the warehouse. For comfort and operations, the property has gas forced-air HVAC with AC for the office area, along with updated new mechanicals.
The warehouse provides 142828 ceiling height (clear) and a 1020 overhead door for loading access. The power supply is listed at 200 amps, and parking is available as common non-assigned spaces.
The office area totals 1,660 square feet, with 962 square feet allocated to the warehouse portion, for an overall unit size of 2,622 square feet. The lot is listed as 200200.
Operating cost items referenced include taxes of $2.13 per square foot and CAM of $2.94 per square foot.
The warehouse provides 142828 ceiling height (clear) and a 1020 overhead door for loading access. The power supply is listed at 200 amps, and parking is available as common non-assigned spaces.
The office area totals 1,660 square feet, with 962 square feet allocated to the warehouse portion, for an overall unit size of 2,622 square feet. The lot is listed as 200200.
Operating cost items referenced include taxes of $2.13 per square foot and CAM of $2.94 per square foot.
Key Highlights
- 2,622 SF office‑warehouse on a 200’ x 200’ lot with 1,660 SF office and 962 SF warehouse space
- Warehouse loading features a 10’ x 10’ overhead door
- 14’ clear warehouse ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,153
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,060
$723.1K
Cap Rate 7%
$516,471
$516.5K
Cap Rate 9%
$401,700
$401.7K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$64.2K $24.48/SF
− Vacancy
−$16.0K −$6.10/SF
EGI
$48.2K $18.38/SF
− OpEx
−$12.1K −$4.60/SF
NOI
$36.2K $13.79/SF
Area
Lake County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,060
Cap Rate 7%
$516,471
Cap Rate 9%
$401,700
Alternative Uses
Best Use
Office B
$516.5K
$451.9K – $602.6K
NOI $36,153 @ 7.0% cap · market cap 9.06%
Second Best
Flex RnD
$218.8K
$191.5K – $255.3K
NOI $15,317 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$905.3K
$792.1K – $1.06M
NOI $63,368 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60048, IL
29,353
Population
10,826
Households
2.7
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
1,034
Density / Sq Mi
$169,283
Median Household Income
$83,333
Median Earnings
$1,569
Median Rent
$535,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Freshly built-out office-warehouse includes office improvements and a 1020 overhead loading door.
Where is this flex space located?
The property is located at 14052 W Petronella Dr Libertyville, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,622 SF office‑warehouse on a 200’ x 200’ lot with 1,660 SF office and 962 SF warehouse space; Warehouse loading features a 10’ x 10’ overhead door; 14’ clear warehouse ceiling height
