Flex Warehouse with Loading
For Sale
Contact for pricing
271-285 E Helen Rd, Palatine, IL 60067
Two divisible warehouse units include drive-in doors and an office buildout, zoned for manufacturing.
Property Size4,314 SF
Price / SF$98.98
Days on Market269
Property Features for 271-285 E Helen Rd
General Information
Standard status
Active
Size
4,314 SF
Property subtype
FLEX_R_AND_D
Zoning
M
Lease Type
NNN
Additional Details
Drive-In Doors
2
Listing Agency:
Brian Properties, Inc.
(847) 640-1500
Listed By:
Mark Meskauskas, CCIM · License #475137201
Source:
Moodyscre
Added: Feb 2
Changed: Oct 25
Last Checked: Oct 28 at 5:41AM
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 Brian Properties, Inc.
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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.
For sale or lease, this flex warehouse property is offered either individually or combined, totaling 9,506 SF. Unit 273 provides 5,192 SF and includes office buildout and access to a shared loading dock. Unit 277 offers 4,314 SF with its own drive-in door.
Each unit has one drive-in door (two total) with a 14' height. The office buildout is approximately 80% and can be reconfigured for more open or flex use.
The property is zoned M for manufacturing, supporting a range of industrial and light manufacturing uses. Lease terms are available at $15.00 PSF NNN for both units.
Each unit has one drive-in door (two total) with a 14' height. The office buildout is approximately 80% and can be reconfigured for more open or flex use.
The property is zoned M for manufacturing, supporting a range of industrial and light manufacturing uses. Lease terms are available at $15.00 PSF NNN for both units.
Key Highlights
- 9,506 SF total divisible space with two warehouse units (Unit 273: 5,192 SF; Unit 277: 4,314 SF)
- For sale pricing: Unit 273 at $599,000 and Unit 277 at $500,000
- Lease rate: $15.00 PSF NNN for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,570
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,400
$371.4K
Cap Rate 7%
$265,286
$265.3K
Cap Rate 9%
$206,333
$206.3K
Market Conditions
NOI Build-Up for 4,314 SF
Gross rent
$28.0K $6.48/SF
− Vacancy
−$1.4K −$0.33/SF
EGI
$26.5K $6.15/SF
− OpEx
−$8.0K −$1.84/SF
NOI
$18.6K $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%
$371,400
Cap Rate 7%
$265,286
Cap Rate 9%
$206,333
Alternative Uses
Best Use
Flex RnD
$648.9K
$567.8K – $757.1K
NOI $45,426 @ 7.0% cap · market cap 10.64%
Second Best
Industrial
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,260 @ 7.0% cap · market cap 24.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Under-served
Demand for This Use
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
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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?
Flex space - Two divisible warehouse units include drive-in doors and an office buildout, zoned for manufacturing.
Where is this flex space located?
The property is located at 271-285 E Helen Rd Palatine, IL.
What is the asking price?
The asking price for this property is $427,000.
What are key features of this property?
This property features: 9,506 SF total divisible space with two warehouse units (Unit 273: 5,192 SF; Unit 277: 4,314 SF); For sale pricing: Unit 273 at $599,000 and Unit 277 at $500,000; Lease rate: $15.00 PSF NNN for both units
