Multi-Tenant Industrial
For Sale
$3,549,900
300-316 Gregory Court, Shorewood, IL 60404
Fully leased industrial property with multiple occupants and a 2018 construction date.
Property Size25,500 SF
Price / SF$139.21
Days on Market272
Property Features for 300-316 Gregory Court
General Information
Standard status
Active
Size
25,500 SF
Property subtype
Commercial
Zoning
INDUS
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$48,830
Building Details
Building Size
25,500 SF
Year Built
2018
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
john greene Commercial
(630) 229-2290
Listed By:
Christopher Condon
(630) 229-2290
Source:
Cavanaghrealty
Added: Nov 21, 2025
Changed: Aug 20
Last Checked: Aug 20 at 1:53AM
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 john greene Commercial
Investment Insights
Based on property information with market context.
This 25,500-square-foot industrial building contains multiple tenant spaces and was constructed in 2018. The property is fully leased and is located at 300-316 Gregory Court in Shorewood, Illinois.
Key Highlights
- 25,500 SF industrial building
- Fully leased multi‑tenant configuration
- Constructed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,195,380
$2.2M
Cap Rate 7%
$1,568,129
$1.6M
Cap Rate 9%
$1,219,656
$1.2M
Market Conditions
NOI Build-Up for 25,500 SF
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.
Gross rent
$165.2K $6.48/SF
− Vacancy
−$8.4K −$0.33/SF
EGI
$156.8K $6.15/SF
− OpEx
−$47.0K −$1.84/SF
NOI
$109.8K $4.30/SF
Area
DuPage 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,195,380
Cap Rate 7%
$1,568,129
Cap Rate 9%
$1,219,656
Alternative Uses
Best Use
Industrial
$1.57M
$1.37M – $1.83M
NOI $109,769 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.80M
$7.70M – $10.27M
NOI $616,279 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 60404, IL
19,916
Population
7,530
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,269
Density / Sq Mi
$121,696
Median Household Income
$54,628
Median Earnings
$1,945
Median Rent
$319,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Fully leased industrial property with multiple occupants and a 2018 construction date.
Where is this industrial property located?
The property is located at 300-316 Gregory Court Shorewood, IL.
What is the asking price?
The asking price for this property is $3,549,900.
What are key features of this property?
This property features: 25,500 SF industrial building; Fully leased multi‑tenant configuration; Constructed in 2018
