Flex Space with Overhead
New
For Sale
$349,000
25885 S Ridgeland Avenue, Monee, IL 60449
Commercial Sale, Monee, IL
Property Size3,847 SF
Lot Size2.00 Acres
Price / SF$90.72
Days on Market7
Property Features for 25885 S Ridgeland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUS
Directions
I-57 to Monee-Manhattan Rd west, to Ridgeland south, approx a mile down on left (east side)
Subdivision
Monee / Unicorporated Monee
Standard status
Active
APN
2114203050061008
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6583
Building Details
Year built
2000
Floors in Building
1
Listing Agency:
Real People Realty
(815) 469-7449
Listed By:
Lee Throw
(708) 634-0104
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 24 at 6:06AM
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 flex unit was built in 2000 and includes heating, a washroom, and two overhead doors. The space has been used for storage for 8 years, providing a functional base for industrial operations. The property encompasses 2 acres and carries INDUS zoning.
Located at 25885 S Ridgeland Avenue in Monee, the unit is less than 3 miles from I-57 and less than a mile south of the Amazon Fulfillment Center. New industrial complexes situated north and south of the property represent more than 3 million square feet of nearby industrial development.
Located at 25885 S Ridgeland Avenue in Monee, the unit is less than 3 miles from I-57 and less than a mile south of the Amazon Fulfillment Center. New industrial complexes situated north and south of the property represent more than 3 million square feet of nearby industrial development.
Key Highlights
- 3,847‑square‑foot flex unit on 2 acres
- Two overhead doors, heating, and washroom
- INDUS zoning supports industrial property use
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
NOI $20,109 @ 7.0% cap · market cap 5.76%
Second Best
Flex RnD
$258.6K
$226.3K – $301.7K
NOI $18,101 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$872.5K
$763.4K – $1.02M
NOI $61,075 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial zoning, heating, and a washroom support practical warehouse and service operations.
Where is this flex space 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 flex unit on 2 acres; Two overhead doors, heating, and washroom; INDUS zoning supports industrial property use
