Industrial Warehouse with
2400 W Central Rd Hoffman Estates, IL 60192
For Sale
Contact for pricing
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 Market102
Property Features for 2400 W Central Rd
General Information
- Standard status
- Active
- Size
- 547,135 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Colliers | Chicago Rosemont
(847) 942-5144
Listed By:
Suzanne Serino, SIOR
(847) 942-5144
Source:
Moodyscre
Added: Apr 16
Changed: Jul 25
Last Checked: Jul 25 at 7:26AM
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 Colliers | Chicago Rosemont
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 For Warehouse
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 | $3.55M | $6.48 |
| − Vacancy | −$180.8k | −$0.33 |
| EGI | $3.36M | $6.15 |
| − OpEx | −$504.7k | −$0.92 |
| NOI | $2.86M | $5.23 |
547,135 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Claire's
Tattoo & Piercing Shop
CBI DISTRIBUTING CORP
(Bike/Boat/Book/etc) Store
FAQs
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.
