Commercial Building on 2.3
For Sale
Contact for pricing
2040 W Roosevelt Rd, West Chicago, IL
Free-standing commercial building with manufacturing zoning and special use permit.
Property Size4,250 SF
Lot Size450.86 Acres
Price / SF$447.06
Days on Market258
Property Features for 2040 W Roosevelt Rd
General Information
Standard status
Active
Size
4,250 SF
Lot size
450.86 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Morken & Associates
(630) 567-7800
Listed By:
Steve Morken
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:26AM
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 Morken & Associates
Investment Insights
Based on property information with market context.
This property features a free-standing commercial building situated on a 2.3-acre site. It is zoned M - Manufacturing and has a special use permit for a landscaping business. The property includes two buildings: a front office sales office with two drive-in doors and a floor drain, and a rear building suitable for shop or repair purposes with three drive-in doors. The building size is 4,250 square feet.
Key Highlights
- 2. 3 Acre Site
- Zoned M - Manufacturing - with Special Use Permit for Landscaping Business
- Free‑Standing Commercial Building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.8k | $21.60 |
| − Vacancy | −$7.5k | −$1.77 |
| EGI | $84.3k | $19.83 |
| − OpEx | −$25.3k | −$5.95 |
| NOI | $59.0k | $13.88 |
4,250 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$842.7K
$737.4K – $983.2K
NOI $58,991 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$261.4K
$228.7K – $304.9K
NOI $18,295 @ 7.0% cap · market cap 0.96%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,713 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Free-standing commercial building with manufacturing zoning and special use permit.
Where is this manufacturing property located?
The property is located at 2040 W Roosevelt Rd West Chicago, IL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 2. 3 Acre Site; Zoned M - Manufacturing - with Special Use Permit for Landscaping Business; Free‑Standing Commercial Building
