Industrial
For Sale
Contact for pricing
250 S Hicks Road, Palatine, IL 60067
Large-scale industrial facility suited to warehouse and related commercial operations.
Property Size67,492 SF
Price / SF$84.97
Days on Market230
Property Features for 250 S Hicks Road
General Information
Standard status
Active
Size
67,492 SF
Total Parking Spaces
75
Property subtype
Industrial
Building Details
Building Size
67,492 SF
Listing Agency:
Lee & Associates - Chicago
Listed By:
Todd Hendricks · License #IL
(847) 912-2739
Source:
Crexi
Added: Mar 5
Changed: Oct 15
Last Checked: Oct 20 at 9:11PM
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 Lee & Associates - Chicago
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property contains 67,492 square feet of space and is located at 250 S. Hicks Road in Palatine, Illinois. The asset is classified within the industrial and warehouse property categories and is offered for sale.
Key Highlights
- 67,492 square feet of industrial space
- Located at 250 S. Hicks Road, Palatine, IL 60067
- Classified as an industrial and warehouse property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$352,787
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,055,740
$7.1M
Cap Rate 7%
$5,039,814
$5.0M
Cap Rate 9%
$3,919,856
$3.9M
Market Conditions
NOI Build-Up for 67,492 SF
Gross rent
$437.3K $6.48/SF
− Vacancy
−$22.3K −$0.33/SF
EGI
$415.0K $6.15/SF
− OpEx
−$62.3K −$0.92/SF
NOI
$352.8K $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 Rate 5%
$7,055,740
Cap Rate 7%
$5,039,814
Cap Rate 9%
$3,919,856
Alternative Uses
Best Use
Warehouse
$5.04M
$4.41M – $5.88M
NOI $352,787 @ 7.0% cap · market cap 6.15%
Second Best
Industrial
$4.15M
$3.63M – $4.84M
NOI $290,530 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$23.30M
$20.39M – $27.19M
NOI $1,631,134 @ 7.0% cap · market cap 28.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Explore this area
Business Placement
Demographics for 60067, IL
39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Large-scale industrial facility suited to warehouse and related commercial operations.
Where is this industrial property located?
The property is located at 250 S Hicks Road Palatine, IL.
What is the asking price?
The asking price for this property is $5,735,000.
What are key features of this property?
This property features: 67,492 square feet of industrial space; Located at 250 S. Hicks Road, Palatine, IL 60067; Classified as an industrial and warehouse property
