Flex Building with Drive-In
For Sale
$725,000
41W584 US HIGHWAY 20, Hampshire, IL 60140
A flexible commercial facility pairs finished office space with substantial electrical capacity and loading access.
Property Size11,500 SF
Price / SF$63.04
Days on Market234
Property Features for 41W584 US HIGHWAY 20
General Information
Standard status
Active
Size
11,500 SF
Property subtype
Commercial
Zoning
COMMR
Warehouse & Industrial
Office Build-Out
2,000 SF
Dock-High Doors
1
Drive-In Doors
2
Power
800 amps
Voltage
240 V
Three-Phase Power
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$9,741
Building Details
Building Size
11,500 SF
Year Built
1956
Buildings
1
Stories
1
Construction
block
Listing Agency:
RE/MAX Horizon
Listed By:
Ben Henrikson · License #475091643
(847) 931-7500
Source:
Fishmangroup
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 23 at 1:23PM
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 RE/MAX Horizon
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Investment Insights
Based on property information with market context.
This 11,500-square-foot flex building includes approximately 2,000 square feet of finished office area and three bathrooms. The work area is served by two drive-in doors measuring 10 feet high by 12 feet wide, plus one dock-level door. Electrical service exceeds 800 amps at 240/3-phase. The layout may be divided into two or three separate spaces.
Located at 41W584 US Highway 20 in Hampshire, the property is served by a well and septic system; the well is shared with the neighboring property. The TPO roof was installed in 2014. The site also has a large parking area and room for expansion.
Located at 41W584 US Highway 20 in Hampshire, the property is served by a well and septic system; the well is shared with the neighboring property. The TPO roof was installed in 2014. The site also has a large parking area and room for expansion.
Key Highlights
- 11,500‑square‑foot building with approximately 2,000 SF of finished office area
- Two drive‑in doors, each 10'H x 12'W, and one dock‑level door
- Electrical service: 800+ amps/240/3 phase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,112
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,240
$1.2M
Cap Rate 7%
$858,743
$858.7K
Cap Rate 9%
$667,911
$667.9K
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$74.5K $6.48/SF
− Vacancy
−$3.8K −$0.33/SF
EGI
$70.7K $6.15/SF
− OpEx
−$10.6K −$0.92/SF
NOI
$60.1K $5.23/SF
Area
Kane County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,240
Cap Rate 7%
$858,743
Cap Rate 9%
$667,911
Alternative Uses
Best Use
Flex RnD
$1.09M
$950.0K – $1.27M
NOI $76,001 @ 7.0% cap · market cap 10.48%
Second Best
Warehouse
$858.7K
$751.4K – $1.00M
NOI $60,112 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,930 @ 7.0% cap · market cap 38.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60140, IL
21,902
Population
7,325
Households
3
Avg Household Size
37
Median Age
38%
College-Educated
93%
High-School Grad
81.0 sq mi
ZIP Area
270
Density / Sq Mi
$114,675
Median Household Income
$58,111
Median Earnings
$1,379
Median Rent
$316,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A flexible commercial facility pairs finished office space with substantial electrical capacity and loading access.
Where is this flex space located?
The property is located at 41W584 US HIGHWAY 20 Hampshire, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 11,500‑square‑foot building with approximately 2,000 SF of finished office area; Two drive‑in doors, each 10'H x 12'W, and one dock‑level door; Electrical service: 800+ amps/240/3 phase
