Equipment Dealership Flex
26336 S HERITAGE DR Elwood, IL 60421
New
For Sale
Contact for pricing
Nearly new 10,985 SF flex facility with showroom offices, high-clear shop, multiple overhead doors, and secure fenced yard.
Property Size10,985 SF
Lot Size3.29 Acres
Price / SF$318.16
Days on Market7
Property Features for 26336 S HERITAGE DR
General Information
Standard status
Active
Size
10,985 SF
Lot size
3.29 Acres
Property subtype
Retail, Industrial, Special Purpose
Building Details
Year Built
2024
Listing Agency:
RE/MAX Ultimate Professionals
(708) 710-0267
Listed By:
Daniel Condon · License #475.178004
Source:
Crexi
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 2:23PM
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 RE/MAX Ultimate Professionals
Investment Insights
Based on property information with market context.
Completed in 2025, this nearly new Lester Building flex facility includes a professional showroom with three private offices, a service counter, a customer waiting area, and two ADA-compliant restrooms. The shop features approximately 20' ceilings with 18' clear height, in-floor radiant heat, and 8" concrete floors, along with a break room with kitchenette, utility room, and a third ADA-compliant restroom. Service support includes a massive 23' x 70' wash bay with a Hotsy 3,000 PSI hot water pressure washer, plus triple trap basins.
The property is equipped with a fire sprinkler system, monitored fire alarm, security camera and alarm systems, Starlink internet, and 208V 400-amp three-phase power. It offers one 14'x14' overhead door with opener, three 16'x16' overhead doors with openers, and one 10'x9' showroom overhead door. Exterior improvements include approximately 2.17+/- acres of secure fenced yard with a 6-foot perimeter fence and oversized 40-foot aluminum gates for equipment and commercial vehicle access.
Zoned C-2 General Commercial with a special use PUD zoning approved with the Village of Elwood, the property is approved for the sale and lease of small and mid-sized construction equipment and machinery with limited repairs, and is built to support related uses with special use approval. The site sits along a corridor with approximately 6,100 average annual daily traffic (AADT). The current property footprint sits on 3.29 acres with the possibility to expand to 5.45 acres.
The property is equipped with a fire sprinkler system, monitored fire alarm, security camera and alarm systems, Starlink internet, and 208V 400-amp three-phase power. It offers one 14'x14' overhead door with opener, three 16'x16' overhead doors with openers, and one 10'x9' showroom overhead door. Exterior improvements include approximately 2.17+/- acres of secure fenced yard with a 6-foot perimeter fence and oversized 40-foot aluminum gates for equipment and commercial vehicle access.
Zoned C-2 General Commercial with a special use PUD zoning approved with the Village of Elwood, the property is approved for the sale and lease of small and mid-sized construction equipment and machinery with limited repairs, and is built to support related uses with special use approval. The site sits along a corridor with approximately 6,100 average annual daily traffic (AADT). The current property footprint sits on 3.29 acres with the possibility to expand to 5.45 acres.
Key Highlights
- Nearly new 10,985 SF Lester Building built in 2024 and completed in 2025 on 3.29 acres (expandable to 5.45 acres).
- Zoned C‑2 General Commercial with PUD special use approved with Village of Elwood for sale/lease of small and mid‑sized construction equipment (limited repairs).
- Shop features ~20' ceilings with 18' clear height, in‑floor radiant heat, and 8" concrete floors, plus a 23' x 70' wash bay with Hotsy 3,000 PSI hot water pressure washer.
Financial Insights For Retail
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 | $164.8k | $15.00 |
| − Vacancy | −$16.5k | −$1.50 |
| EGI | $148.3k | $13.50 |
| − OpEx | −$44.5k | −$4.05 |
| NOI | $103.8k | $9.45 |
10,985 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,808 @ 7.0% cap · market cap 2.97%
Second Best
Flex RnD
$738.4K
$646.1K – $861.5K
NOI $51,687 @ 7.0% cap · market cap 1.48%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,398 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Nearly new 10,985 SF flex facility with showroom offices, high-clear shop, multiple overhead doors, and secure fenced yard.
Where is this flex space located?
The property is located at 26336 S HERITAGE DR Elwood, IL.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Nearly new 10,985 SF Lester Building built in 2024 and completed in 2025 on 3.29 acres (expandable to 5.45 acres).; Zoned C‑2 General Commercial with PUD special use approved with Village of Elwood for sale/lease of small and mid‑sized construction equipment (limited repairs).; Shop features ~20' ceilings with 18' clear height, in‑floor radiant heat, and 8" concrete floors, plus a 23' x 70' wash bay with Hotsy 3,000 PSI hot water pressure washer.
