Office-Warehouse with Overhead
14052 W Petronella Dr Libertyville, IL 60048
14052 W Petronella Dr, Libertyville, IL, 60048
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For Sale
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Freshly built-out office-warehouse includes office improvements and a 1020 overhead loading door.
Property Size2,622 SF
Price / SF$152.17
Days on Market56
Property Features for 14052 W Petronella Dr
General Information
- Standard status
- Active
- Size
- 2,622 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1980
Listing agency
JC Forney Realty Inc
(847) 362-2000
Listed by
Kenneth Eichelberger · License #IL #475114223
Source
Crexi
Added: May 28 Updated: Jul 20 at 7:52PM Checked: Jul 20 at 7:52PM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.2k | $24.48 |
| − Vacancy | −$16.0k | −$6.10 |
| EGI | $48.2k | $18.38 |
| − OpEx | −$12.1k | −$4.60 |
| NOI | $36.2k | $13.79 |
2,622 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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
