Industrial Warehouse with
For Sale
Contact for pricing
2400 W Central Rd, Hoffman Estates, IL 60192
Divisible warehouse with 28' clear height, 20 interior and 11 exterior docks, and 100% air-conditioned office space.
Property Size547,135 SF
Price / SF$79
Days on Market194
Property Features for 2400 W Central Rd
General Information
Standard status
Active
Size
547,135 SF
Total Parking Spaces
468
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
31
Drive-In Doors
2
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Suzanne Serino, SIOR
(847) 942-5144
Source:
Moodyscre
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 24 at 5:39PM
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 Colliers | Chicago Rosemont
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Investment Insights
Based on property information with market context.
This industrial warehouse totals 547,135 SF and includes 123,661 SF of office space that is identified as 113,334 SF on the 1st floor and 74,780 SF on the 2nd floor. The building offers 28' clear height, 20 interior docks and 11 exterior docks, along with 2 DIDs. It also features 468 car parking and is 100% air-conditioned.
The property is described as being on the full interchange at I-90/Barrington Road, with excellent visibility on I-90. The zoning is stated to allow for trailer parking, and the offering notes potential for 6B.
The building is divisible, providing flexibility for multiple occupants or future space reconfiguration while retaining the existing dock and high-bay warehouse improvements.
The property is described as being on the full interchange at I-90/Barrington Road, with excellent visibility on I-90. The zoning is stated to allow for trailer parking, and the offering notes potential for 6B.
The building is divisible, providing flexibility for multiple occupants or future space reconfiguration while retaining the existing dock and high-bay warehouse improvements.
Key Highlights
- 547,135 SF total building with 123,661 SF office space (113,334 SF 1st floor and 74,780 SF 2nd floor).
- Divisible warehouse setup with 28' clear height.
- Dock count: 20 interior docks and 11 exterior docks, plus 2 DIDs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,859,925
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,198,500
$57.2M
Cap Rate 7%
$40,856,071
$40.9M
Cap Rate 9%
$31,776,944
$31.8M
Market Conditions
NOI Build-Up for 547,135 SF
Gross rent
$3.55M $6.48/SF
− Vacancy
−$180.8K −$0.33/SF
EGI
$3.36M $6.15/SF
− OpEx
−$504.7K −$0.92/SF
NOI
$2.86M $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 Rate 5%
$57,198,500
Cap Rate 7%
$40,856,071
Cap Rate 9%
$31,776,944
Alternative Uses
Best Use
Office B
$107.77M
$94.30M – $125.73M
NOI $7,544,094 @ 7.0% cap · market cap 17.45%
Second Best
Flex RnD
$82.30M
$72.02M – $96.02M
NOI $5,761,332 @ 7.0% cap · market cap 13.33%
Theoretical Best
Office A
$188.90M
$165.29M – $220.38M
NOI $13,223,054 @ 7.0% cap · market cap 30.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
28 ft
Clear height
31
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60192, IL
16,550
Population
6,090
Households
2.7
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
1,491
Density / Sq Mi
$149,992
Median Household Income
$73,016
Median Earnings
$2,852
Median Rent
$413,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Divisible warehouse with 28' clear height, 20 interior and 11 exterior docks, and 100% air-conditioned office space.
Where is this flex space located?
The property is located at 2400 W Central Rd Hoffman Estates, IL.
What is the asking price?
The asking price for this property is $43,223,665.
What are key features of this property?
This property features: 547,135 SF total building with 123,661 SF office space (113,334 SF 1st floor and 74,780 SF 2nd floor).; Divisible warehouse setup with 28' clear height.; Dock count: 20 interior docks and 11 exterior docks, plus 2 DIDs.
