Flex Retail-Industrial
2449 PIERCE DR Spring Grove, IL 60081
2449 PIERCE DR, Spring Grove, IL, 60081
Contact for pricing
For Sale
Contact for pricing
Multi-tenant flex building with large driveways and ample parking for retailers or light industrial users.
Property Size25,312 SF
Price / SF$86.92
Days on Market52
Property Features for 2449 PIERCE DR
General Information
- Standard status
- Active
- Size
- 25,312 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1996
Listing agency
Entre Commercial Realty LLC
(847) 854-2300
Listed by
Kevin Kaplan, CCIM · License #IL 475168120
Source
Crexi
Added: Jun 1 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 7:07AM
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 Entre Commercial Realty LLC
Investment Insights
Based on property information with market context.
This for-sale flex retail/industrial building totals 25,200 square feet and includes five tenant spaces, offering a flexible setup for mixed uses or multiple operators. The property is described as having plenty of parking and large DID’s, supporting convenient customer or delivery access.
The building is located at 2449 Pierce Dr in Spring Grove, IL. Public remarks note proximity to established retailers and businesses, including Jewel, McDonalds, UHaul, and Chase Bank, which can provide an active surrounding retail and services environment.
As a flexible owner-operator or investment asset, the layout supports a range of tenant types consistent with retail and light industrial needs, with multiple units rather than a single-occupant configuration. Tenants that value on-site parking and straightforward access for visitors and vehicles may find the property especially practical given the described parking availability and large drive areas.
The building is located at 2449 Pierce Dr in Spring Grove, IL. Public remarks note proximity to established retailers and businesses, including Jewel, McDonalds, UHaul, and Chase Bank, which can provide an active surrounding retail and services environment.
As a flexible owner-operator or investment asset, the layout supports a range of tenant types consistent with retail and light industrial needs, with multiple units rather than a single-occupant configuration. Tenants that value on-site parking and straightforward access for visitors and vehicles may find the property especially practical given the described parking availability and large drive areas.
Key Highlights
- 25,200 SF flex retail/industrial building built in 1996
- Multi‑tenant setup with 5 tenant spaces
- Ample on‑site parking and large driveways
Local Financial Insights For Flex RnD
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 | $246.0k | $9.72 |
| − Vacancy | −$13.5k | −$0.53 |
| EGI | $232.5k | $9.19 |
| − OpEx | −$81.4k | −$3.21 |
| NOI | $151.1k | $5.97 |
25,312 SF · lease $9.72/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Retail
$3.49M
$3.05M – $4.07M
NOI $244,248 @ 7.0% cap · market cap 11.10%
Second Best
Flex RnD
$2.16M
$1.89M – $2.52M
NOI $151,126 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$8.74M
$7.65M – $10.20M
NOI $611,736 @ 7.0% cap · market cap 27.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Westosha Legacy Athletic ...
Gym & Fitness Center
New Leaf Home ...
Discount Store
Road Rage Designs
(Bike/Boat/Book/etc) Store
Skye Digital Concepts
Business Management Consultant
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FAQs
What type of property is this?
Flex space - Multi-tenant flex building with large driveways and ample parking for retailers or light industrial users.
Where is this flex space located?
The property is located at 2449 PIERCE DR Spring Grove, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 25,200 SF flex retail/industrial building built in 1996; Multi‑tenant setup with 5 tenant spaces; Ample on‑site parking and large driveways
