Modern Industrial Facility For
For Sale
Contact for pricing
Pending
17730 Hoffman Way, Homewood, IL 60430
Two-tenant industrial facility in Homewood, Illinois, 100% occupied.
Property Size36,463 SF
Lot Size2.61 Acres
Days on Market330
Property Features for 17730 Hoffman Way
General Information
Standard status
Pending
Size
36,463 SF
Class
A
Lot size
2.61 Acres
Property subtype
Industrial
Zoning
Commercial
Lease Type
Net
Building Details
Year Built
2001
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
John Abuja CCIM, SIOR · License #IL 471.007675
Source:
Crexi
Added: Sep 25, 2025
Changed: Aug 15
Last Checked: Aug 19 at 12:17PM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
Located at 17730 Hoffman Road in Homewood, Illinois, this industrial investment opportunity features a 36,463-square-foot, two-tenant facility on 2.61 acres. The property is strategically positioned within one of Chicago’s most important suburban industrial corridors. Constructed in 2021, the well-maintained property features high-quality concrete paneling and is in like-new condition. The building is 100 percent occupied by two established anchor tenants. Feldco, the Midwest’s largest commercial supplier of windows and doors, uses this facility as its corporate headquarters and recently committed to a new seven-year lease extension. The second tenant, Dedert Corporation, operates under the ownership of the Andritz Group, an Austrian-based multinational conglomerate generating $9 billion in annual revenues. The property benefits from Cook County’s Class 6b real estate tax incentive. The property offers investors immediate income security and an attractive combination of stability, growth potential, and security in a core industrial submarket of Chicago.
Key Highlights
- 100% Occupancy: Enjoy immediate income security with this fully leased property.
- Strong Anchor Tenants: Leased to Feldco (corporate headquarters with a new 7‑year lease extension) and Dedert Corporation.
- Modern Construction: Built in 2021 with high‑quality concrete paneling and in like‑new condition.
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
$190,595
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
4.84%
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%
$3,811,900
$3.8M
Cap Rate 7%
$2,722,786
$2.7M
Cap Rate 9%
$2,117,722
$2.1M
Market Conditions
NOI Build-Up for 36,463 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
$236.3K $6.48/SF
− Vacancy
−$12.1K −$0.33/SF
EGI
$224.2K $6.15/SF
− OpEx
−$33.6K −$0.92/SF
NOI
$190.6K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
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%
$3,811,900
Cap Rate 7%
$2,722,786
Cap Rate 9%
$2,117,722
Alternative Uses
Best Use
Warehouse
$2.72M
$2.38M – $3.18M
NOI $190,595 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$2.24M
$1.96M – $2.62M
NOI $156,961 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$12.59M
$11.02M – $14.69M
NOI $881,231 @ 7.0% cap · market cap 22.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 17208 Halsted St, East Hazel Crest, IL 60429
Frequently Asked Questions
What type of property is this?
Warehouse - Two-tenant industrial facility in Homewood, Illinois, 100% occupied.
Where is this warehouse located?
The property is located at 17730 Hoffman Way Homewood, IL.
What is the asking price?
The asking price for this property is $3,940,000.
What are key features of this property?
This property features: 100% Occupancy: Enjoy immediate income security with this fully leased property.; Strong Anchor Tenants: Leased to Feldco (corporate headquarters with a new 7‑year lease extension) and Dedert Corporation.; Modern Construction: Built in 2021 with high‑quality concrete paneling and in like‑new condition.
