Shallow-Bay Industrial
17730-17740 Hoffman Way, Homewood, IL 60430
For Sale
Contact for pricing
Two tenants occupy the building under NNN leases that were recently extended.
Property Size36,463 SF
Lot Size2.70 Acres
Price / SF$106.08
Days on Market56
Property Features for 17730-17740 Hoffman Way
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Highway Access
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License IL #701472
(859) 581-1113
Source:
Crexi
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 10 at 5:36AM
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 Bang Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 36,463-square-foot industrial property occupies 2.70 acres in Homewood, Illinois. Its shallow-bay layout is fully occupied by ANDRITZ Dedert Corporation and Feldco, with both tenants having recently extended their NNN leases. The facility is described as well maintained.
The site connects to I-80, I-57 and I-294. Rail service, three major airports and two major ports are also cited as part of its regional transportation access.
The site connects to I-80, I-57 and I-294. Rail service, three major airports and two major ports are also cited as part of its regional transportation access.
Key Highlights
- 36,463‑square‑foot industrial facility on 2.70 acres
- Shallow‑bay configuration
- 100% occupied by ANDRITZ Dedert Corporation and Feldco
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,961
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,139,220
$3.1M
Cap Rate 7%
$2,242,300
$2.2M
Cap Rate 9%
$1,744,011
$1.7M
Market Conditions
NOI Build-Up for 36,463 SF
Gross rent
$236.3K $6.48/SF
− Vacancy
−$12.1K −$0.33/SF
EGI
$224.2K $6.15/SF
− OpEx
−$67.3K −$1.84/SF
NOI
$157.0K $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%
$3,139,220
Cap Rate 7%
$2,242,300
Cap Rate 9%
$1,744,011
Alternative Uses
Best Use
Industrial
$2.24M
$1.96M – $2.62M
NOI $156,961 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.00M
$12.25M – $16.34M
NOI $980,125 @ 7.0% cap · market cap 25.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 60430, IL
20,146
Population
7,662
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
6.9 sq mi
ZIP Area
2,920
Density / Sq Mi
$91,402
Median Household Income
$48,509
Median Earnings
$1,419
Median Rent
$209,100
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Cook County, IL
Properties on Market for Industrial properties in Cook County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Two tenants occupy the building under NNN leases that were recently extended.
Where is this industrial property located?
The property is located at 17730-17740 Hoffman Way Homewood, IL.
What is the asking price?
The asking price for this property is $3,868,000.
What are key features of this property?
This property features: 36,463‑square‑foot industrial facility on 2.70 acres; Shallow‑bay configuration; 100% occupied by ANDRITZ Dedert Corporation and Feldco
