Flex Space with Heavy
41w584 Us Highway 20, Hampshire, IL 60140
For Sale
New
$725,000
Pending
The building combines finished office space with warehouse access and a layout that can be separated into multiple suites.
Property Size11,500 SF
Days on Market2
Property Features for 41w584 Us Highway 20
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Office Build-Out
Dock-High Doors
Drive-In Doors
Power
Voltage
Three-Phase Power
Heavy Power
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
US Highway
509X194X215X278
1.34
Concrete Perimeter
11500
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Construction
Listing Agency:
RE/MAX Horizon
(815) 453-8482
Listed By:
Trent Taylor
Source:
Tayloredrealtyinc
Added: Nov 10
Last Checked: Nov 10 at 2:22PM
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. Service capacity is 800+ amps at 240/3 phase. The warehouse area has two drive-in doors measuring 10 feet high by 12 feet wide, plus one dock-level door. The building dates to 1956 and could be configured as two or three separate spaces.
The property is served by well and septic, with the well shared with the neighboring property. A TPO roof was installed in 2014.
The property is served by well and septic, with the well shared with the neighboring property. A TPO roof was installed in 2014.
Key Highlights
- 11,500 SF flex building with 800+ amps at 240/3 phase
- Two drive‑in doors, each 10'H x 12'W, plus one dock‑level door
- Approximately 2,000 SF of finished office area and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,504
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,080
$990.1K
Cap Rate 7%
$707,200
$707.2K
Cap Rate 9%
$550,044
$550.0K
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
−$21.2K −$1.84/SF
NOI
$49.5K $4.30/SF
Area
Kane County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,080
Cap Rate 7%
$707,200
Cap Rate 9%
$550,044
Alternative Uses
Best Use
Flex RnD
$1.09M
$950.0K – $1.27M
NOI $76,001 @ 7.0% cap · market cap 10.48%
Second Best
Industrial
$707.2K
$618.8K – $825.1K
NOI $49,504 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$3.14M
$2.74M – $3.66M
NOI $219,506 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Kane County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The building combines finished office space with warehouse access and a layout that can be separated into multiple suites.
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 SF flex building with 800+ amps at 240/3 phase; Two drive‑in doors, each 10'H x 12'W, plus one dock‑level door; Approximately 2,000 SF of finished office area and 3 bathrooms
