Industrial Buildings in South Chicago
For Sale
$695,000
3001 E End Avenue, South Chicago Heights, IL 60411
Two industrial buildings totaling 14,688 SF for sale.
Property Size14,688 SF
Lot Size0.83 Acres
Price / SF$47.32
Days on Market317
Property Features for 3001 E End Avenue
General Information
Standard status
Active
Size
14,688 SF
Lot size
0.83 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$50,042
Amenities
Central air
Metal Roof
Central Air Cooling
Membrane Roof
Building Details
Year Built
1971
Listing Agency:
@PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE
(773) 432-0200
Listed By:
GIORGIOS KARAYANNIS · License #RB18001251
Source:
Corcoran
Added: Oct 8, 2025
Changed: Aug 19
Last Checked: Aug 20 at 6:07AM
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 @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE
Investment Insights
Based on property information with market context.
This property features two industrial buildings totaling 14,688 square feet, suitable for manufacturing, assembly, warehousing, or light distribution operations. The location provides highway access, minutes from Illinois Route 1 (Halsted Street) and U.S. Route 30, with connections to I-394, I-80/94, I-57, and I-294. Nearby rail infrastructure includes service from Union Pacific and Canadian National, local switching through the Chicago Heights Terminal Transfer (CHTT), and the Chicago Heights Transload Terminal for rail-to-truck and truck-to-rail operations. The buildings feature high clear heights, multiple overhead and drive-in doors, and flexible open floor plans. Modern infrastructure includes 3-phase electric power, a smoke detection and fire safety system, surveillance cameras, efficient heating and cooling, and built-out office and breakroom space. Ample parking and yard areas allow for truck access and equipment storage. Located within the Lincoln-394 Enterprise Zone, the property may qualify for business incentives such as sales tax exemptions on building materials and manufacturing equipment, along with potential tax abatements. The property is positioned in one of Chicagoland's industrial corridors.
Key Highlights
- Excellent highway access to Illinois Route 1, U.S. Route 30, I‑394, I‑80/94, I‑57, and I‑294.
- Two industrial buildings totaling 14,688 square feet.
- Located within the Lincoln‑394 Enterprise Zone, potentially qualifying for business incentives.
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
$63,227
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
9.10%
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%
$1,264,540
$1.3M
Cap Rate 7%
$903,243
$903.2K
Cap Rate 9%
$702,522
$702.5K
Market Conditions
NOI Build-Up for 14,688 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
$95.2K $6.48/SF
− Vacancy
−$4.9K −$0.33/SF
EGI
$90.3K $6.15/SF
− OpEx
−$27.1K −$1.84/SF
NOI
$63.2K $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 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%
$1,264,540
Cap Rate 7%
$903,243
Cap Rate 9%
$702,522
Alternative Uses
Best Use
Warehouse
$1.10M
$959.7K – $1.28M
NOI $76,776 @ 7.0% cap · market cap 11.05%
Second Best
Industrial
$903.2K
$790.3K – $1.05M
NOI $63,227 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$5.07M
$4.44M – $5.92M
NOI $354,977 @ 7.0% cap · market cap 51.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 60411, IL
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Two industrial buildings totaling 14,688 SF for sale.
Where is this manufacturing property located?
The property is located at 3001 E End Avenue South Chicago Heights, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Excellent highway access to Illinois Route 1, U.S. Route 30, I‑394, I‑80/94, I‑57, and I‑294.; Two industrial buildings totaling 14,688 square feet.; Located within the Lincoln‑394 Enterprise Zone, potentially qualifying for business incentives.
