Flex Space with Drive-In
For Sale
Contact for pricing
271-285 E Helen Rd, Palatine, IL 60067
Manufacturing-zoned flex space with two drive-in doors and a reconfigurable office buildout suitable for multiple uses.
Property Size5,192 SF
Price / SF$98
Days on Market272
Property Features for 271-285 E Helen Rd
General Information
Standard status
Active
Size
5,192 SF
Property subtype
FLEX_R_AND_D
Zoning
M
Additional Details
Drive-In Doors
2
Listing Agency:
Brian Properties, Inc.
(847) 640-1500
Listed By:
Mark Meskauskas, CCIM · License #IL 475.137201
Source:
Moodyscre
Added: Feb 2
Changed: Oct 25
Last Checked: Nov 1 at 7:54AM
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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Investment Insights
Based on property information with market context.
Flex space available for sale or lease, individually or combined, for a total of 9,506 SF divisible between two units. Unit 273 offers 5,192 SF and includes access to a shared loading dock. Unit 277 offers 4,314 SF.
The property features two total drive-in doors, one per unit, each with a 14' height. An office buildout is estimated at 80% and is described as easily reconfigurable for more open or flex use.
Zoned M for manufacturing, the space is positioned at 271-285 E Helen Rd in Palatine, IL 60067, supporting light industrial and flex-oriented tenant requirements.
The property features two total drive-in doors, one per unit, each with a 14' height. An office buildout is estimated at 80% and is described as easily reconfigurable for more open or flex use.
Zoned M for manufacturing, the space is positioned at 271-285 E Helen Rd in Palatine, IL 60067, supporting light industrial and flex-oriented tenant requirements.
Key Highlights
- Total size 9,506 SF, divisible between Units 273 and 277
- Unit 273: 5,192 SF with access to a shared loading dock
- Unit 277: 4,314 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,350
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,000
$447.0K
Cap Rate 7%
$319,286
$319.3K
Cap Rate 9%
$248,333
$248.3K
Market Conditions
NOI Build-Up for 5,192 SF
Gross rent
$33.6K $6.48/SF
− Vacancy
−$1.7K −$0.33/SF
EGI
$31.9K $6.15/SF
− OpEx
−$9.6K −$1.84/SF
NOI
$22.3K $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%
$447,000
Cap Rate 7%
$319,286
Cap Rate 9%
$248,333
Alternative Uses
Best Use
Flex RnD
$781.0K
$683.4K – $911.2K
NOI $54,672 @ 7.0% cap · market cap 10.64%
Second Best
Industrial
$319.3K
$279.4K – $372.5K
NOI $22,350 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,479 @ 7.0% cap · market cap 24.41%
Zoning and permitted uses should be independently verified with authorities.
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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
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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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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Manufacturing-zoned flex space with two drive-in doors and a reconfigurable office buildout suitable for multiple uses.
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 $514,000.
What are key features of this property?
This property features: Total size 9,506 SF, divisible between Units 273 and 277; Unit 273: 5,192 SF with access to a shared loading dock; Unit 277: 4,314 SF
