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    Industrial Warehouse with Truck Repairs Title is generated by Realmo AI

    2946 Wireton Road, Blue Island, IL 60406

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    Freshly rehabbed warehouse with dock and drive-in access plus remodeled office for fleet services and logistics operations.

    Type:Industrial, Special Purpose
    Property size:
    10,600 SF
    Lot size:
    1.00 Acre
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 2:07 am

    Property Features for 2946 Wireton Road

    General Information

    Standard status
    Active
    Size
    10,600 SF
    Lot size
    1.00 Acre
    Property subtype
    Industrial, Special Purpose

    Spaces For Lease

    at 2946 Wireton Road Contact us

    We can help!

    Listing Contact
    Eugene Andre

    Listing agent Eugene Andre License #IL 475174663

    Listing office Inter Properties

    Listing date Jun 1, 2026

    Source Crexi

    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 Inter Properties

    HighLights

    • 10,600 SF freshly rehabbed industrial building on a 1‑acre lot
    • Approx. 9,200 SF warehouse with 18' ceiling height, concrete floor, fire sprinkler system, and LED lighting
    • Front includes approx. 1,400+ SF remodeled flexible office with 10' suspended acoustical ceiling
    • Truck‑level dock and drive‑in bay plus 2 overhead rolling doors; fenced driveway and parking with gate access control and surveillance system
    • Parking lot in back is approx. 0.25 acres; service to building is 200 Amps and includes 2 gas heaters
    • Modified gross lease: tenant pays insurance and utilities; easy access to I‑294 and I‑57; immediate availability

    Overview

    This freshly rehabbed industrial property offers approximately 10,600 square feet on a 1-acre lot, combining warehouse and remodeled flexible office space. The warehouse portion includes about 9,200 square feet with 18' ceiling height, concrete flooring, a fire sprinkler system, LED lighting, and two gas heaters. The front of the building features approximately 1,400+ square feet of remodeled flexible office space with a 10' high suspended acoustical ceiling. Building service is 200 Amps.

    Operational access is built in for vehicle-focused uses. The front door provides entry to the office area, and the warehouse has a truck-level dock and a drive-in bay, with two overhead rolling doors. Parking is located in the rear of the building, on an ample lot area of about 0.25 acres. The driveway and parking are fenced, with gate access control and a surveillance system installed.

    The layout supports logistics, warehouse, and truck/trailer repair or truck shop activity, and the property is described as suitable for truck parking or outdoor storage with a special use permit in place. Modified gross terms are noted, with the tenant paying insurance and utilities. Easy access to I-294 and I-57 and immediate availability make this a practical option for operators seeking a ready-to-use facility.
    Location Intelligence

    Current Use by Public Records

    Chapel Gating's Church Float Consultant and Design Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cooks — 3221 Burr Oak Ave, Blue Island, IL 60406

    Location Insight

    • Map
    • Local Demand
    City
    Blue Island
    County
    Cook
    State
    Illinois
    Longitude
    -87.695141
    Latitude
    41.6580911

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    FAQs

    What type of property is this?
    Flex space - Freshly rehabbed warehouse with dock and drive-in access plus remodeled office for fleet services and logistics operations.
    Where is this flex space located?
    The property is located at 2946 Wireton Road Blue Island, IL.
    What are key features of this property?
    This property features: 10,600 SF freshly rehabbed industrial building on a 1‑acre lot; Approx. 9,200 SF warehouse with 18' ceiling height, concrete floor, fire sprinkler system, and LED lighting; Front includes approx. 1,400+ SF remodeled flexible office with 10' suspended acoustical ceiling
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eugene Andre
    Real Estate License ID: IL 475174663
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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