Industrial Property with Flexible
For Sale
Contact for pricing
14427 California Ave, Posen, IL 60469
Two-building industrial property with flexible space and prime location.
Property Size3,418 SF
Lot Size0.16 Acres
Price / SF$146.26
Days on Market198
Property Features for 14427 California Ave
General Information
Standard status
Active
Size
3,418 SF
Lot size
0.16 Acres
Property subtype
Industrial
Listing Agency:
@properties
(708) 951-1714
Listed By:
Kanton Harzich · License #475169564
Source:
Crexi
Added: Feb 4
Changed: Aug 14
Last Checked: Aug 20 at 7:37PM
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 @properties
Investment Insights
Based on property information with market context.
This two-building industrial property offers flexibility, functionality, and a prime location. The main building totals 2,418 square feet and includes a separately heated 240 square foot office. The layout consists of two 55x22 units, each containing 1,210 square feet. These units are currently connected and operating as one large space, with the option to easily divide into two separate units. Both units are equipped with 12-foot overhead doors, floor drains for interior washing and cleaning, and individual 130,000 BTU heating units. The second building provides an additional 1,000 square feet and features its own bathroom, independent furnace, and a 9-foot overhead door, making it suitable for storage, additional workspace, or a secondary operation. Exterior amenities include a 7,000 square foot paved yard measuring approximately 104x75, suitable for vehicle storage, materials, or equipment, along with seven dedicated street-side parking spaces. Conveniently located near major highways including I-294 and I-57, this property sits within a quiet, well-maintained industrial park surrounded by established businesses and nearby residential neighborhoods, offering a secure and stable operating environment. The property is located in Posen, IL.
Key Highlights
- Prime location near I‑294 and I‑57 in a well‑maintained industrial park.
- Flexible main building (2,418 sq ft) with two 1,210 sq ft units, easily divisible, each with 12‑foot overhead doors and individual heating.
- Additional 1,000 sq ft building with bathroom, independent furnace, and 9‑foot overhead door.
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
$35,992
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
7.20%
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%
$719,840
$719.8K
Cap Rate 7%
$514,171
$514.2K
Cap Rate 9%
$399,911
$399.9K
Market Conditions
NOI Build-Up for 3,418 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
$61.5K $18.00/SF
− Vacancy
−$6.2K −$1.80/SF
EGI
$55.4K $16.20/SF
− OpEx
−$19.4K −$5.67/SF
NOI
$36.0K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$719,840
Cap Rate 7%
$514,171
Cap Rate 9%
$399,911
Alternative Uses
Best Use
Flex RnD
$514.2K
$449.9K – $599.9K
NOI $35,992 @ 7.0% cap · market cap 7.20%
Second Best
Industrial
$210.2K
$183.9K – $245.2K
NOI $14,713 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,606 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60469, IL
5,469
Population
1,704
Households
3.2
Avg Household Size
35
Median Age
13%
College-Educated
85%
High-School Grad
1.1 sq mi
ZIP Area
4,972
Density / Sq Mi
$72,041
Median Household Income
$32,763
Median Earnings
$1,478
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial property with flexible space and prime location.
Where is this flex space located?
The property is located at 14427 California Ave Posen, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime location near I‑294 and I‑57 in a well‑maintained industrial park.; Flexible main building (2,418 sq ft) with two 1,210 sq ft units, easily divisible, each with 12‑foot overhead doors and individual heating.; Additional 1,000 sq ft building with bathroom, independent furnace, and 9‑foot overhead door.
