Building Details

Year built 2000

Floors in Building 1

Listing Agency: Real People Realty t***@rprmail.net Show Phone

Listed By: Lee Throw Show Phone

Added: Aug 18 Changed: Sep 11 Last Checked: Sep 26 at 12:06PM

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MLS# 12735829

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,847-square-foot industrial unit was built in 2000 and includes heat, a washroom, and two overhead doors. The space has been used for storage during the past 8 years and is situated on a 2-acre parcel with INDUS zoning.

The property is less than 3 miles from I-57 and less than a mile south of the Amazon Fulfillment Center. New industrial complexes north and south of the unit represent more than 3 million square feet of surrounding industrial development. The facility’s physical configuration and location support continued storage use or other industrial operations consistent with applicable zoning.

Key Highlights

• 3,847‑square‑foot industrial unit on a 2‑acre parcel
• Heat, washroom, and two overhead doors
• INDUS zoning

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

$20,109

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

5.76%

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%

$402,180 $402.2K

Cap Rate 7%

$287,271 $287.3K

Cap Rate 9%

$223,433 $223.4K

Market Conditions

NOI Build-Up for 3,847 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

$24.9K $6.48/SF

− Vacancy

−$1.3K −$0.33/SF

EGI

$23.7K $6.15/SF

− OpEx

−$3.5K −$0.92/SF

NOI

$20.1K $5.23/SF

Area

Will 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%

$402,180

Cap Rate 7%

$287,271

Cap Rate 9%

$223,433

Alternative Uses

Best Use

Warehouse

$287.3K

$251.4K – $335.2K (±1% cap)

NOI $20,109 @ 7.0% cap · market cap 5.76%

Second Best

Flex RnD

$258.6K

$226.3K – $301.7K (±1% cap)

NOI $18,101 @ 7.0% cap · market cap 5.19%

Theoretical Best

Office A

$872.5K

$763.4K – $1.02M (±1% cap)

NOI $61,075 @ 7.0% cap · market cap 17.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Chi-South Customs Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Pharmacy Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

138

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 60449, IL

8,961

Population

3,752

Households

2.4

Avg Household Size

45

Median Age

31%

College-Educated

92%

High-School Grad

49.2 sq mi

ZIP Area

182

Density / Sq Mi

$101,563

Median Household Income

$60,924

Median Earnings

$269,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Heated industrial space with a washroom and overhead-door access.

Where is this warehouse located?

The property is located at 25885 S Ridgeland Avenue Monee, IL.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: 3,847‑square‑foot industrial unit on a 2‑acre parcel; Heat, washroom, and two overhead doors; INDUS zoning