Two-Unit Flex
For Sale
Contact for pricing
277 East Helen Road, Palatine, IL 60067
Divisible layout combines warehouse, storage, and office areas within an M-zoned industrial condominium.
Property Size4,314 SF
Price / SF$98.98
Days on Market65
Property Features for 277 East Helen Road
General Information
Standard status
Active
Size
4,314 SF
Property subtype
Industrial
Zoning
M - Manufacturing
Investment Type
Owner/User
Additional Details
Office Units
2
Building Details
Year Built
1986
Year Renovated
2026
Buildings
1
Units
1
Listing Agency:
Brian Properties, Inc.
Listed By:
Mark Meskauskas · License #IL 475.137201
(847) 640-1500
Source:
Crexi
Added: Aug 14
Changed: Oct 12
Last Checked: Oct 16 at 7:23AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property comprises two industrial and flex condominium units configured with warehouse, storage, and office areas. The divisible floor plan supports different operational arrangements, while dual entries provide separate access points within the combined layout. The space is suited to industrial, flex, office, storage, distribution, service, creative, showroom, light manufacturing, and assembly functions described for the property.
The condominium is located at 277 East Helen Road in Palatine, Illinois, and carries M – Manufacturing zoning. The existing configuration can accommodate occupancy with limited customization, depending on the selected use and operational requirements.
The condominium is located at 277 East Helen Road in Palatine, Illinois, and carries M – Manufacturing zoning. The existing configuration can accommodate occupancy with limited customization, depending on the selected use and operational requirements.
Key Highlights
- Two industrial/flex condo units
- Warehouse, storage, and office areas in one divisible layout
- Dual‑entry configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,550
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,000
$451.0K
Cap Rate 7%
$322,143
$322.1K
Cap Rate 9%
$250,556
$250.6K
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
−$4.0K −$0.92/SF
NOI
$22.5K $5.23/SF
Area
Cook 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 Rate 5%
$451,000
Cap Rate 7%
$322,143
Cap Rate 9%
$250,556
Alternative Uses
Best Use
Office B
$849.8K
$743.5K – $991.4K
NOI $59,483 @ 7.0% cap · market cap 13.93%
Second Best
Flex RnD
$648.9K
$567.8K – $757.1K
NOI $45,426 @ 7.0% cap · market cap 10.64%
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Divisible layout combines warehouse, storage, and office areas within an M-zoned industrial condominium.
Where is this flex space located?
The property is located at 277 East Helen Road 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: Two industrial/flex condo units; Warehouse, storage, and office areas in one divisible layout; Dual‑entry configuration
