Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    394 Glenwood Dyer Rd Glenwood, IL 60425

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $625,000

    One acre commercial lot near I-394 on/off ramp.

    Type:Land, Retail
    Property size:
    1,575 SF
    Lot size:
    1.00 Acre
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 25 at 8:54 pm

    Property Features for 394 Glenwood Dyer Rd

    General Information

    Standard status
    Active
    Size
    1,575 SF
    Lot size
    1.00 Acre
    Property subtype
    Land, Retail

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    George Chandler
    George Chandler

    Listing agent George Chandler License #IL 475126622

    Listing office George Chandler

    Listing date Mar 24, 2026

    Source Crexi

    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 George Chandler

    Overview

    One Acre Commercial Lot I-394

    This one-acre commercial lot is located next to the I-394 on/off ramp and is currently used for truck, trailer, and auto storage. The graveled property features 171 feet of frontage with two gated entries. A masonry building is situated on the property and includes two 10x10 overhead doors. Redevelopment is a possibility. The location benefits from a nearby stop light. IDOT traffic count indicates 14,500 vehicles. The property is alarmed and equipped with security cameras. A drive-thru facility is a potential use for the site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.599504
    Latitude
    41.539056

    Nearby Similar for Sale

    • $350,000
      2,925 SF

      Main Street Commercial Property

      Commercial property on Main Street with warehouse and vacant lot.
      135 E Main Street, Glenwood, IL 60425
      View Details
    • $3,500,000

      Glenwood Mixed-Use Investment Property

      Mixed-use property with long-term lease in place.
      106 N Main Street, Glenwood, IL 60425
      View Details
    • $295,000
      6,561 SF

      Retail Property on Main Street

      Retail space with pylon signage and residential development potential.
      129 E Main St, Glenwood, IL
      View Details
    • $89,000

      Glenwood Value-Add Opportunity on Main

      Vacant building on 9,500 SF lot in Glenwood.
      145 E Main Street, Glenwood, IL 60425
      View Details
    • $11,500,000
      29,000 SF

      Turnkey Hospitality Portfolio For Sale

      Fully stabilized, high-volume hospitality portfolio with real estate.
      18405 S Halsted St, Glenwood, IL 60425
      View Details
    • $934,678

      Glenwood Land Parcel For Sale

      15.842+ acre land parcel ideal for hotel and retail.
      126 Campbell Avenue, Glenwood, IL 60425
      View Details

    FAQs

    What type of property is this?
    Commercial land - One acre commercial lot near I-394 on/off ramp.
    Where is this commercial land located?
    The property is located at 394 Glenwood Dyer Rd Glenwood, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: One‑acre lot with I‑394 on/off ramp proximity.; High traffic count (14,500) and commercial corner location.; Currently used for storage with potential for redevelopment.
    (708) 935-2761
    We can help!
    Listing Contact
    George Chandler
    George Chandler
    Real Estate License ID: IL 475126622
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!