Three-Building Flex
New
For Sale
$1,200,000
2450 S Cannonball Trail, Bristol, IL 60512
Three separate buildings combine work areas, offices, bathrooms, overhead doors, and gravel parking across the site.
Property Size12,113 SF
Lot Size1.12 Acres
Price / SF$99.07
Days on Market5
Property Features for 2450 S Cannonball Trail
General Information
Standard status
Active
Size
12,113 SF
Lot size
1.12 Acres
Property subtype
Commercial
Zoning
MANUF
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Road Access
Yes
Office Build-Out
360 SF
Automotive Uses
auto repair
Taxes and HOA fees
Annual Taxes
$6,586
Amenities
overhead doors
office space
bathrooms
parking
road frontage
walkout basement
radiant and hot water heat
Building Details
Building Size
12,113 SF
Year Built
1985
Buildings
3
Stories
1
Units
4
Listing Agency:
Baird & Warner
Listed By:
Beth David
(630) 778-1855
Source:
Fishmangroup
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 1:24PM
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 Baird & Warner
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes three buildings on 1.12 acres. The first building contains 1,592 SF, road frontage, two 12-foot overhead doors, an open work area, and a bathroom. The second offers 2,240 SF above grade and a full 2,240 SF walkout basement, along with three 8-foot overhead doors, a small office, and a bathroom. It is currently leased month-to-month for automotive shop use. The third building has 5,881 SF, 12-foot ceilings, two 14-foot overhead doors—one interior and one exterior—and an additional 8-foot door. Its improvements also include approximately 360 SF of office space, a bathroom, radiant heat, and hot-water heat.
Gravel parking areas serve the buildings, with additional parking in front of the first building. The property was built in 1985.
Gravel parking areas serve the buildings, with additional parking in front of the first building. The property was built in 1985.
Key Highlights
- Three buildings on 1.12 acres
- Building 1: 1,592 SF, road frontage, two 12' overhead doors, open work area, and bathroom
- Building 2: 2,240 SF plus a full 2,240 SF walkout basement; three 8' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,142
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,840
$1.0M
Cap Rate 7%
$744,886
$744.9K
Cap Rate 9%
$579,356
$579.4K
Market Conditions
NOI Build-Up for 12,113 SF
Gross rent
$78.5K $6.48/SF
− Vacancy
−$4.0K −$0.33/SF
EGI
$74.5K $6.15/SF
− OpEx
−$22.3K −$1.84/SF
NOI
$52.1K $4.30/SF
Area
Kendall County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,840
Cap Rate 7%
$744,886
Cap Rate 9%
$579,356
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $168,130 @ 7.0% cap · market cap 14.01%
Second Best
Flex RnD
$1.82M
$1.59M – $2.13M
NOI $127,550 @ 7.0% cap · market cap 10.63%
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M
NOI $292,745 @ 7.0% cap · market cap 24.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60512, IL
1,165
Population
418
Households
2.8
Avg Household Size
47
Median Age
32%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
177
Density / Sq Mi
$102,750
Median Household Income
$37,395
Median Earnings
$280,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Three separate buildings combine work areas, offices, bathrooms, overhead doors, and gravel parking across the site.
Where is this flex space located?
The property is located at 2450 S Cannonball Trail Bristol, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three buildings on 1.12 acres; Building 1: 1,592 SF, road frontage, two 12' overhead doors, open work area, and bathroom; Building 2: 2,240 SF plus a full 2,240 SF walkout basement; three 8' overhead doors
