Free Standing Flex
250 Chaddick Dr Wheeling, IL 60090
For Sale
Contact for pricing
15,695 SF flex building with office space for sale.
Property Size15,695 SF
Price / SF$111.44
Days on Market641
Property Features for 250 Chaddick Dr
General Information
- Standard status
- Active
- Size
- 15,695 SF
- Property subtype
- Industrial
Listing Agency:
Entre Commercial Realty LLC
Listed By:
Brian Bocci, SIOR · License #IL 475151869
Source:
Crexi
Added: Oct 21, 2024
Changed: Jul 10
Last Checked: Jul 23 at 11:18AM
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 15,695 square foot free-standing building includes 3,500 square feet of office space. The property can accommodate one or two tenants, as it is separately metered. A newer roof has been installed, and the office space has been remodeled. A 6B is in place until 2030, with the potential for renewal.
Key Highlights
- 15,695 SF Free Standing Building
- Includes 3,500 SF of Office space
- One or Two Tenant Building (Separately Metered)
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 | $101.7k | $6.48 |
| − Vacancy | −$5.2k | −$0.33 |
| EGI | $96.5k | $6.15 |
| − OpEx | −$14.5k | −$0.92 |
| NOI | $82.0k | $5.23 |
15,695 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.09M
$2.71M – $3.61M
NOI $216,408 @ 7.0% cap · market cap 12.37%
Second Best
Flex RnD
$2.36M
$2.07M – $2.75M
NOI $165,268 @ 7.0% cap · market cap 9.45%
Theoretical Best
Office A
$5.42M
$4.74M – $6.32M
NOI $379,314 @ 7.0% cap · market cap 21.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Team Mechanical Inc
General Contractor
FAQs
What type of property is this?
Flex space - 15,695 SF flex building with office space for sale.
Where is this flex space located?
The property is located at 250 Chaddick Dr Wheeling, IL.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 15,695 SF Free Standing Building; Includes 3,500 SF of Office space; One or Two Tenant Building (Separately Metered)
