Industrial Warehouse with Expansion
3125 Glenwood Lansing Road, Lansing, IL 60438
7,560 SF industrial warehouse on 4.47 acres near major highways.
Type:Industrial
Property size:
7,560 SFPrice / SF:
$99/SF- Added:
- Sep 25, 2025
- Days on Market:
- 239
- Last Refresh:
- Apr 5 at 8:17 pm
Property Features for 3125 Glenwood Lansing Road
General Information
- Standard status
- Active
- Size
- 7,560 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1992
Listing agent Vytautas Sruoga License #382727
Listing office RE/MAX (404) 281-4722
Listing date Sep 25, 2025
Source Remaxcommercial
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
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.
- 7,560 SF industrial warehouse with 1,350 SF of office space, featuring a mezzanine, warehouse office, and 5‑ton crane.
- Includes three drive‑in doors and an attached storage space.
- 800 Amps, 3‑Phase power supply, suitable for industrial operations.
Overview
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.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$439.1K
NOI $39,517 @ 9.00% cap · cautious / downside scenario
Moderate
$564.5K
NOI $39,517 @ 7.00% cap · market / base-case scenario
Aggressive
$790.3K
NOI $39,517 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.0k | $6.48 |
| − Vacancy | −$2.5k | −$0.33 |
| EGI | $46.5k | $6.15 |
| − OpEx | −$7.0k | −$0.92 |
| NOI | $39.5k | $5.23 |
7,560 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
- Public Storage — 230 45th St, Munster, IN 46321
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Cook
- State
- Illinois
- Longitude
- -87.5373
- Latitude
- 41.5429
Nearby Similar for Sale
FAQs
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.
