Listing Agency: @properties Christie's International Real Estate

Listed By: Kanton Harzich · License #475169564 Show Phone

Source: Grandviewrealtyservices

Added: Mar 27 Changed: Sep 18 Last Checked: Oct 7 at 4:39PM

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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 / Yr

$14,713

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$294,260 $294.3K

Cap Rate 7%

$210,186 $210.2K

Cap Rate 9%

$163,478 $163.5K

Market Conditions

NOI Build-Up for 3,418 SF

Gross rent

$22.1K $6.48/SF

− Vacancy

−$1.1K −$0.33/SF

EGI

$21.0K $6.15/SF

− OpEx

−$6.3K −$1.84/SF

NOI

$14.7K $4.30/SF

Area

Cook 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 Rate 5%

$294,260

Cap Rate 7%

$210,186

Cap Rate 9%

$163,478

Alternative Uses

Best Use

Flex RnD

$514.2K

$449.9K – $599.9K (±1% cap)

NOI $35,992 @ 7.0% cap · market cap 10.29%

Second Best

Industrial

$210.2K

$183.9K – $245.2K (±1% cap)

NOI $14,713 @ 7.0% cap · market cap 4.20%

Theoretical Best

Office A

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,606 @ 7.0% cap · market cap 23.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Carlin Moran Landscape, ... Landscaping

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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 S California Ave Posen, IL.

What is the asking price?

The asking price for this property is $349,900.

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.