Manufacturing Property with Trailer
For Sale
$13,995,000
14110 S Route 59, Plainfield, IL 60544
Industrial facilities include fenced trailer parking and designated outside storage areas.
Property Size109,000 SF
Days on Market193
Property Features for 14110 S Route 59
General Information
Standard status
Active
Size
109,000 SF
Property subtype
Factory
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
109,000 SF
Properties For Sale
at 14110 S Route 59 Contact us- Size
- 109,000 SF
- Lease Type
- NNN
14110 S Route 59
Listing Agency:
Cawley Chicago Commercial Real Estate
(630) 729-7933
Listed By:
Joshua T. Hearne, SIOR
(630) 729-7933
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 4:34PM
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 Cawley Chicago Commercial Real Estate
Investment Insights
Based on property information with market context.
This manufacturing property includes an industrial building with fenced trailer parking and outside storage availability. The site occupies the corner of Route 30 and Route 59, providing exposure along Route 59.
The property is near I-55 and the Union Pacific and BNSF intermodal yards. Planned access through the 143rd Street bridge is identified as a future connection to I-55.
The property is near I-55 and the Union Pacific and BNSF intermodal yards. Planned access through the 143rd Street bridge is identified as a future connection to I-55.
Key Highlights
- Industrial building at the corner of Route 30 and Route 59
- Fenced trailer parking and outside storage available
- Near I‑55 and Union Pacific and BNSF intermodal yards
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$469,208
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,384,160
$9.4M
Cap Rate 7%
$6,702,971
$6.7M
Cap Rate 9%
$5,213,422
$5.2M
Market Conditions
NOI Build-Up for 109,000 SF
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.
Gross rent
$706.3K $6.48/SF
− Vacancy
−$36.0K −$0.33/SF
EGI
$670.3K $6.15/SF
− OpEx
−$201.1K −$1.84/SF
NOI
$469.2K $4.30/SF
Area
Will County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,384,160
Cap Rate 7%
$6,702,971
Cap Rate 9%
$5,213,422
Alternative Uses
Best Use
Industrial
$6.70M
$5.87M – $7.82M
NOI $469,208 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.72M
$21.63M – $28.84M
NOI $1,730,484 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 60544, IL
27,680
Population
10,553
Households
2.6
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
24.2 sq mi
ZIP Area
1,144
Density / Sq Mi
$108,447
Median Household Income
$59,601
Median Earnings
$1,809
Median Rent
$311,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facilities include fenced trailer parking and designated outside storage areas.
Where is this manufacturing property located?
The property is located at 14110 S Route 59 Plainfield, IL.
What is the asking price?
The asking price for this property is $13,995,000.
What are key features of this property?
This property features: Industrial building at the corner of Route 30 and Route 59; Fenced trailer parking and outside storage available; Near I‑55 and Union Pacific and BNSF intermodal yards
