Flex Office and Industrial
4055 Steele Dr Machesney Park, IL 61115
For Sale
Contact for pricing
Industrial-zoned flex/office property with approximately 13,000sf occupied by a corporate credit tenant.
Property Size13,000 SF
Price / SF$226.92
Days on Market177
Property Features for 4055 Steele Dr
General Information
Standard status
Active
Size
13,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Keller Williams Realty Signature LP2
(815) 218-1371
Listed By:
Nathan Bryant, CCIM · License #471013468
(815) 218-1371
Source:
Moodyscre
Added: Feb 3
Changed: Jul 25
Last Checked: Jul 29 at 3:40PM
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 Keller Williams Realty Signature LP2
Investment Insights
Based on property information with market context.
Positioned at 4055 Steele Drive in Machesney Park, this flex/office and industrial property includes approximately 13,000sf currently occupied by a corporate credit tenant, offering immediate income for an investor or owner-user.
The property is zoned for industrial use and is described as adaptable to a broad range of activities, including light industrial, distribution, and back-office operations.
For sale, the building’s flex-office configuration and industrial zoning make it suitable for users looking for a space that can support both operational and office needs.
The property is zoned for industrial use and is described as adaptable to a broad range of activities, including light industrial, distribution, and back-office operations.
For sale, the building’s flex-office configuration and industrial zoning make it suitable for users looking for a space that can support both operational and office needs.
Key Highlights
- Industrial‑zoned flex/office property with approximately 13,000 SF occupied by a tenant
- Approximately 13,000 SF currently occupied by a corporate credit tenant
- Zoned for industrial use with flexibility for light industrial, distribution, or back‑office operations
Financial Insights For Office B
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 | $273.0k | $21.00 |
| − Vacancy | −$37.7k | −$2.90 |
| EGI | $235.3k | $18.10 |
| − OpEx | −$58.8k | −$4.53 |
| NOI | $176.5k | $13.58 |
13,000 SF · lease $21.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,495 @ 7.0% cap · market cap 5.98%
Second Best
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,173 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$3.46M
$3.03M – $4.03M
NOI $242,050 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned flex/office property with approximately 13,000sf occupied by a corporate credit tenant.
Where is this flex space located?
The property is located at 4055 Steele Dr Machesney Park, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Industrial‑zoned flex/office property with approximately 13,000 SF occupied by a tenant; Approximately 13,000 SF currently occupied by a corporate credit tenant; Zoned for industrial use with flexibility for light industrial, distribution, or back‑office operations
