Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Warehouse with Office Title is generated by Realmo AI

    32 - 50 E Montrose Drive, Romeoville, IL 60446

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    A warehouse suite with 20-foot clear height, docks, and office space designed for efficient distribution operations.

    Type:Industrial
    Property size:
    7,200 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:41 am

    Property Features for 32 - 50 E Montrose Drive

    General Information

    Standard status
    Active
    Size
    7,200 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2003

    Spaces For Lease

    at 32 - 50 E Montrose Drive Contact us

    We can help!

    Listing Contact
    Michael Kraft
    Michael Kraft

    Listing agent Michael Kraft License #471009757

    Listing office NAI Hiffman | Oakbrook Terrace

    Listing date Jun 2, 2026

    Source Hiffman

    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 NAI Hiffman | Oakbrook Terrace

    HighLights

    • 7,200 SF industrial suite for lease within a 33,600 SF building (2003).
    • Includes 1,285 SF of office space plus warehouse space.
    • Warehouse offers 20' clear height for distribution and storage.
    • Loading: 2 common docks and 1 drive‑in door.
    • Ample parking and near the I‑55 and I‑80 interchanges.
    • Electrical: 200 amps (120/240V).

    Overview

    The available industrial suite offers a practical flex configuration, combining warehouse space with dedicated office space totaling 1,285 SF. The warehouse portion is supported by a 20-foot clear height, and the unit includes one drive-in door plus two common docks to support loading and receiving. The building also provides ample parking for employees and visitors, helping keep day-to-day operations moving smoothly. Electric service is listed as 200 amps, supporting typical light industrial and distribution requirements.

    The property is located near the I-55 and I-80 interchanges, providing convenient regional access for logistics and commuting. The listing is for 7,200 SF within a 33,600 SF building, with the office portion clearly separated from the warehouse area.

    This setup is well-suited for tenants that need both workspace and functional storage with higher-clear-height capability. The mix of office space and loading access makes the suite a strong option for warehousing, light distribution, or operations requiring on-site administration. With its dock and drive-in capabilities and ample parking, it should work for teams looking to run daily receiving and dispatch efficiently.
    Location Intelligence

    Current Use by Public Records

    Twin Oaks Carpet Carpet & Flooring Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Romeoville
    County
    Will
    State
    Illinois
    Longitude
    -88.0792128
    Latitude
    41.6448558

    Nearby Similar for Lease

    • $29 SF/Yr
      1,360 SF

      Retail Spaces in Romeoville Center

      Retail and restaurant spaces available in Romeoville Towne Center.
      409-445 N Weber Rd, Romeoville, IL
      View Details
    • Contact for pricing
      460,428 SF

      New Warehouse / Distribution Facility

      460,428 SF divisible warehouse with delivery slated for Q1 2026.
      251 South Pinnacle Drive, Romeoville, IL 60446
      View Details
    • $13 SF/Yr
      40,000 SF

      Office Space with Loading Docks

      Office space available with shared loading docks in Romeoville.
      1404 Joliet Road, Romeoville, IL 60446
      View Details
    • Contact for pricing
      550 SF

      Prime Retail/Office/Medical Space Available

      High-exposure retail/office/medical space in well-maintained Romeoville center.
      109 W Romeo Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Weber Road

      Retail space available with ample parking and high traffic volume.
      402 North Weber Road, Romeoville, IL, 60446
      View Details
    • Contact for pricing
      172,042 SF

      New Industrial Buildings Nearing Completion

      Two new industrial buildings with trailer parking available.
      755-757 Independence Boulevard, Romeoville, IL 60446
      View Details
    • Contact for pricing
      105,404 SF

      I-55 Corridor Industrial Space

      105,404 SF industrial space available for lease in Romeoville.
      1186 Arbor Drive, Romeoville, IL 60446
      View Details
    • Contact for pricing
      59,007 SF

      Romeoville Industrial Unit For Lease

      59,007 SF industrial unit available April 2026.
      1411-1415 Enterprise Dr | Romeoville, IL 60446
      View Details
    • Contact for pricing
      7,750 SF

      Renovated Industrial Building with Frontage

      7,750 SF light industrial building with flexible, divisible space.
      201 E Romeo Road | Romeoville, IL 60446
      View Details
    • Contact for pricing
      172,042 SF

      New Industrial Buildings in Romeoville

      Two recently completed industrial buildings with trailer parking available.
      801-851 Independence Boulevard, Romeoville, IL 60446
      View Details
    • Contact for pricing
      7,000 SF

      Industrial Unit Near I-55/I-355

      3,500 SF industrial unit with convenient highway access.
      805 Forestwood Drive, Units B & C, Romeoville, IL 60446
      View Details
    • Contact for pricing
      400,400 SF

      Industrial Distribution Facility

      Secure truck court, high clear height, and dock-ready setup support efficient distribution operations.
      901 Bluff Road, Romeoville, IL 60446
      View Details

    FAQs

    What type of property is this?
    Flex space - A warehouse suite with 20-foot clear height, docks, and office space designed for efficient distribution operations.
    Where is this flex space located?
    The property is located at 32 - 50 E Montrose Drive Romeoville, IL.
    What are key features of this property?
    This property features: 7,200 SF industrial suite for lease within a 33,600 SF building (2003).; Includes 1,285 SF of office space plus warehouse space.; Warehouse offers 20' clear height for distribution and storage.
    (630) 618-8545
    We can help!
    Listing Contact
    Michael Kraft
    Michael Kraft
    Real Estate License ID: 471009757
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    32 - 50 E Montrose Drive, Romeoville, IL 60446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!