Des Plaines Freestanding Industrial
350 Howard Ave Des Plaines, IL
For Sale
Contact for pricing
Freestanding industrial facility with crane infrastructure and renovated offices.
Property Size34,780 SF
Lot Size2.18 Acres
Price / SF$136.57
Days on Market479
Property Features for 350 Howard Ave
General Information
Standard status
Active
Size
34,780 SF
Lot size
2.18 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Chicago
(847) 706-4995
Listed By:
Calum Payne
(847) 706-4995
Source:
Moodyscre
Added: Apr 8, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:04AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
This is a free-standing, single-tenant industrial facility with existing crane infrastructure. The property includes a recently renovated office area featuring modern finishes. A secured parking lot is available for employee parking and overnight vehicle parking. The property size is 34780 square feet and is located in Des Plaines, IL.
Key Highlights
- Free‑standing, single‑tenant facility
- Existing crane infrastructure
- Recently renovated office area with modern finishes
Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.4k | $6.48 |
| − Vacancy | −$11.5k | −$0.33 |
| EGI | $213.9k | $6.15 |
| − OpEx | −$32.1k | −$0.92 |
| NOI | $181.8k | $5.23 |
34,780 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.60M
$2.27M – $3.03M
NOI $181,798 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$2.14M
$1.87M – $2.50M
NOI $149,716 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$12.01M
$10.51M – $14.01M
NOI $840,556 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - Freestanding industrial facility with crane infrastructure and renovated offices.
Where is this manufacturing property located?
The property is located at 350 Howard Ave Des Plaines, IL.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Free‑standing, single‑tenant facility; Existing crane infrastructure; Recently renovated office area with modern finishes
