Multi-Tenant Industrial
2515 W Veterans Dr., Posen, IL 60469
For Sale
Contact for pricing
Three occupied suites span a range of small-bay configurations for industrial users.
Property Size12,800 SF
Price / SF$78.13
Days on Market9
Property Features for 2515 W Veterans Dr.
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Tenant in Place
Property Use
Building Details
Tenancy
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Peter Doughty · License IL 475.177502
(630) 501-8656
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 7:38AM
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 Marcus & Millichap - Chicago Downtown
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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 approximately 12,800 square feet across three occupied units. Individual spaces range from approximately 2,800 to 6,000 square feet, offering varied small-bay configurations within the same building.
The property is just off I-57 and less than one mile from I-294, connecting the site to both interstate routes.
The property is just off I-57 and less than one mile from I-294, connecting the site to both interstate routes.
Key Highlights
- Approximately ±12,800 square feet across three units
- All three units are occupied
- Unit sizes range from approximately ±2,800 to ±6,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,100
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,000
$1.1M
Cap Rate 7%
$787,143
$787.1K
Cap Rate 9%
$612,222
$612.2K
Market Conditions
NOI Build-Up for 12,800 SF
Gross rent
$82.9K $6.48/SF
− Vacancy
−$4.2K −$0.33/SF
EGI
$78.7K $6.15/SF
− OpEx
−$23.6K −$1.84/SF
NOI
$55.1K $4.30/SF
Area
Cook 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%
$1,102,000
Cap Rate 7%
$787,143
Cap Rate 9%
$612,222
Alternative Uses
Best Use
Industrial
$787.1K
$688.8K – $918.3K
NOI $55,100 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.92M
$4.30M – $5.73M
NOI $344,064 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 60469, IL
5,469
Population
1,704
Households
3.2
Avg Household Size
35
Median Age
13%
College-Educated
85%
High-School Grad
1.1 sq mi
ZIP Area
4,972
Density / Sq Mi
$72,041
Median Household Income
$32,763
Median Earnings
$1,478
Median Rent
$173,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Cook County, IL
Properties on Market for Industrial properties in Cook County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Three occupied suites span a range of small-bay configurations for industrial users.
Where is this industrial property located?
The property is located at 2515 W Veterans Dr. Posen, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately ±12,800 square feet across three units; All three units are occupied; Unit sizes range from approximately ±2,800 to ±6,000 square feet
