Non-Climate-Controlled Mini Storage
4015 Roberts Road Island Lake, IL 60042
4015 Roberts Road, Island Lake, IL, 60042
Contact for pricing
For Sale
Contact for pricing
Operating storage facility with 258 units and strong occupancy, plus excess Route 176 frontage for signage and growth.
Property Size32,800 SF
Lot Size5.39 Acres
Price / SF$110.52
Days on Market56
Property Features for 4015 Roberts Road
General Information
- Standard status
- Active
- Size
- 32,800 SF
- Lot size
- 5.39 Acres
- Property subtype
- Self Storage
Building Details
- Year Built
- 1996
Listing agency
Grandstone Investment Sales
Listed by
Meir Perlmuter · License #BK3443325
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 1:00PM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
Roberts Road Mini Storage is a self-storage facility offered for sale featuring 258 non-climate-controlled storage units totaling 32,800 net rentable square feet. The property is situated on approximately 5.39 acres and is currently operating at 93.75% physical occupancy and 87.31% economic occupancy. The site also has excess frontage along Route 176.
The facility is located at 4015 Roberts Road in Island Lake, Illinois. Grandstone Investment Sales notes that there are no competing self-storage facilities within a one-mile radius. The Route 176 frontage provides an opportunity for improved signage and potential future expansion on the site.
For investors and operators, the property presents a value-add framework built around in-place occupancy and operational improvements. The offering highlights rental rate optimization, potential implementation of ancillary income, and the use of professional management. With the additional signage opportunity tied to Route 176 frontage and future expansion potential on site, the facility is positioned for continued performance within its current operating base.
The facility is located at 4015 Roberts Road in Island Lake, Illinois. Grandstone Investment Sales notes that there are no competing self-storage facilities within a one-mile radius. The Route 176 frontage provides an opportunity for improved signage and potential future expansion on the site.
For investors and operators, the property presents a value-add framework built around in-place occupancy and operational improvements. The offering highlights rental rate optimization, potential implementation of ancillary income, and the use of professional management. With the additional signage opportunity tied to Route 176 frontage and future expansion potential on site, the facility is positioned for continued performance within its current operating base.
Key Highlights
- 258 non‑climate‑controlled storage units totaling 32,800 net rentable SF
- Operating at 93.75% physical occupancy and 87.31% economic occupancy
- Located on approximately 5.39 acres
Local Financial Insights For Self Storage
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 | $433.0k | $13.20 |
| − Vacancy | −$26.0k | −$0.79 |
| EGI | $407.0k | $12.41 |
| − OpEx | −$122.1k | −$3.72 |
| NOI | $284.9k | $8.69 |
32,800 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$4.07M
$3.56M – $4.75M
NOI $284,888 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$2.02M
$1.76M – $2.35M
NOI $141,193 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$11.32M
$9.91M – $13.21M
NOI $792,704 @ 7.0% cap · market cap 21.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Haze Alternatives
(Bike/Boat/Book/etc) Store
Station1Eleven LLC
(Bike/Boat/Book/etc) Store
Turf Techs Inc.
Landscaping
HAZE VAPOR
(Bike/Boat/Book/etc) Store
Universal Feelings Boutique
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Self storage facility - Operating storage facility with 258 units and strong occupancy, plus excess Route 176 frontage for signage and growth.
Where is this self storage facility located?
The property is located at 4015 Roberts Road Island Lake, IL.
What is the asking price?
The asking price for this property is $3,625,000.
What are key features of this property?
This property features: 258 non‑climate‑controlled storage units totaling 32,800 net rentable SF; Operating at 93.75% physical occupancy and 87.31% economic occupancy; Located on approximately 5.39 acres
