12,000 SF Warehouse with Drive-In
For Sale
$849,900
2460 E Lincoln Highway, Sauk Village, IL 60411
Single-story warehouse with concrete floors, office and bathroom, and drive-in doors at both ends with side access.
Property Size12,000 SF
Lot Size5.60 Acres
Price / SF$70.83
Days on Market35
Property Features for 2460 E Lincoln Highway
General Information
Standard status
Active
Size
12,000 SF
Lot size
5.60 Acres
Property subtype
Farm
Zoning
SINGL
Site & Location
Traffic Count
23,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
14.6 ft
Drive-In Doors
2
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$150
Listing Agency:
Coldwell Banker Realty
(219) 865-9911
Listed By:
Kenneth Peach · License #475137164
(219) 865-9911
Source:
Midwestrealestate
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 18 at 9:17AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
A 12,000 SF warehouse building measuring 60’ wide by 200’ deep includes a dedicated office and bathroom. The space features concrete floors and a ceiling-suspended gas furnace, with drive-in doors located at each end of the building (29’ 4” wide by 14’ 9” tall). Additional access includes a side door (15’ 5” wide by 14’ 9” tall).
The site is served by well water and septic, with city water and sewer available. Three-phase electric is on site, and there are two curb cuts providing access off Torrence Ave and RT 30. Traffic counts are noted as 15,800 vehicles per day on RT 30 and 7,300 per day on Torrence Ave (total 23,100). Current zoning is R-1, and the remarks note potential for commercial zoning as the village seeks new business growth.
The property is described as a 5.6 +/- acre parcel, located about 1 mile from the IL 394 Expressway and within approximately 10 minutes of IL 80-94. Also noted is roughly 35 minutes to downtown Chicago.
The site is served by well water and septic, with city water and sewer available. Three-phase electric is on site, and there are two curb cuts providing access off Torrence Ave and RT 30. Traffic counts are noted as 15,800 vehicles per day on RT 30 and 7,300 per day on Torrence Ave (total 23,100). Current zoning is R-1, and the remarks note potential for commercial zoning as the village seeks new business growth.
The property is described as a 5.6 +/- acre parcel, located about 1 mile from the IL 394 Expressway and within approximately 10 minutes of IL 80-94. Also noted is roughly 35 minutes to downtown Chicago.
Key Highlights
- 5.6 +/- acre site with a 12,000 SF single‑story warehouse (60’ W x 200’ D) built in 1985
- Warehouse features concrete floors and ceiling‑suspended gas furnace; drive‑in doors at both ends plus additional side door
- Office and bathroom included (1 office & 1 bathroom) inside the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,254,500
$1.3M
Cap Rate 7%
$896,071
$896.1K
Cap Rate 9%
$696,944
$696.9K
Market Conditions
NOI Build-Up for 12,000 SF
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.
Gross rent
$77.8K $6.48/SF
− Vacancy
−$4.0K −$0.33/SF
EGI
$73.8K $6.15/SF
− OpEx
−$11.1K −$0.92/SF
NOI
$62.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,254,500
Cap Rate 7%
$896,071
Cap Rate 9%
$696,944
Alternative Uses
Best Use
Warehouse
$896.1K
$784.1K – $1.05M
NOI $62,725 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.63M – $4.83M
NOI $290,014 @ 7.0% cap · market cap 34.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
23,100 VPD
Traffic count
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60411, IL
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Pack — 1900 Lincoln Hwy, Sauk Village, IL 60411
Frequently Asked Questions
What type of property is this?
Warehouse - Single-story warehouse with concrete floors, office and bathroom, and drive-in doors at both ends with side access.
Where is this warehouse located?
The property is located at 2460 E Lincoln Highway Sauk Village, IL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 5.6 +/- acre site with a 12,000 SF single‑story warehouse (60’ W x 200’ D) built in 1985; Warehouse features concrete floors and ceiling‑suspended gas furnace; drive‑in doors at both ends plus additional side door; Office and bathroom included (1 office & 1 bathroom) inside the warehouse
