Industrial Warehouse with Expansion
For Sale
$750,000
3125 Glenwood Lansing Road, Lansing, IL 60438
7,560 SF industrial warehouse on 4.47 acres near major highways.
Property Size7,560 SF
Price / SF$99.21
Days on Market376
Property Features for 3125 Glenwood Lansing Road
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Industrial
Zoning
B-2
Building Details
Building Size
7,560 SF
Year Built
1992
Listing Agency:
RE/MAX
Listed By:
Vytautas Sruoga · License #471004898
(773) 983-4544
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 2
Last Checked: Oct 4 at 6:10AM
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 RE/MAX
Investment Insights
Based on property information with market context.
Located on Glenwood Lansing Road in Lynwood, IL, this property features a 7,560 square foot building on a 4.47-acre parcel. The industrial warehouse includes approximately 1,350 square feet of office space, comprising three offices and a front lobby that can be converted into additional office space, a kitchen/break room, and two restrooms. The facility has central air conditioning. The warehouse section includes a mezzanine area for storage, a warehouse office, a restroom, and a 5-ton crane. Ceiling fans and forced heated air are present in the warehouse area. An attached storage space on the eastern side of the building has three drive-in doors. The yard is fully fenced with automatic gates. Constructed with masonry and metal, the building is designed for expandability. The property is less than a mile from I-294/I-94 and IL-394. Zoned B-2 (Business Commercial District), the property allows for various uses, including a CDL school, self-storage facility, RV and boat storage, local utility and public service businesses, contractors' headquarters, a motor vehicle service and repair shop, retail and warehousing, research and development, service establishments, and outdoor recreation. There is redevelopment potential for a hotel or motel. The building was built in 1974 and has an 800 amp, 3-phase power supply.
Key Highlights
- Strategically located less than a mile from I‑294/I‑94 and IL‑394, providing easy access to regional and national markets.
- Zoned B‑2 (Business Commercial District) allowing for a wide range of potential uses.
- Large 4.47‑acre fenced lot with automatic gates, ensuring security and ample space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,517
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,340
$790.3K
Cap Rate 7%
$564,529
$564.5K
Cap Rate 9%
$439,078
$439.1K
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$49.0K $6.48/SF
− Vacancy
−$2.5K −$0.33/SF
EGI
$46.5K $6.15/SF
− OpEx
−$7.0K −$0.92/SF
NOI
$39.5K $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%
$790,340
Cap Rate 7%
$564,529
Cap Rate 9%
$439,078
Alternative Uses
Best Use
Warehouse
$564.5K
$494.0K – $658.6K
NOI $39,517 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$464.9K
$406.8K – $542.4K
NOI $32,543 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,709 @ 7.0% cap · market cap 24.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60438, IL
29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,662
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - 7,560 SF industrial warehouse on 4.47 acres near major highways.
Where is this warehouse located?
The property is located at 3125 Glenwood Lansing Road Lansing, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Strategically located less than a mile from I‑294/I‑94 and IL‑394, providing easy access to regional and national markets.; Zoned B‑2 (Business Commercial District) allowing for a wide range of potential uses.; Large 4.47‑acre fenced lot with automatic gates, ensuring security and ample space.
