Industrial Warehouse with Grade-Level
For Sale
$900,000
500 Rose Rd, Lake Zurich, IL 60047
Vacant metal-built warehouse with 14’–18’ clear height, three grade-level doors, including a drive-through repair bay.
Property Size5,200 SF
Lot Size0.91 Acres
Price / SF$173.08
Days on Market108
Property Features for 500 Rose Rd
General Information
Standard status
Active
Size
5,200 SF
Lot size
0.91 Acres
Property subtype
Vacant-User
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
3
Additional Details
Service Bays
1
Amenities
Vacant 5,200-Square-Foot Industrial Property Situated on 0.91 Acres
Featuring Metal Construction, 14-18 Foot Clear Height, and Three Grade-Level Doors, Including One Drive-Through Repair Bay
Zoned as 9-6-2 for Industrial Use, Ideal for Truck Repair, Contractor Storage, or Fleet Maintenance
Close Proximity to East Main Street & South Rand Road
Outperforming South Lake Submarket: 5.9 Percent Vacancy Rate & 4.2 Percent Rent Growth in Q1 2026 vs. National Averages of 7.8 Percent and 1.4 Percent
Building Details
Building Size
5,200 SF
Year Built
1971
Listing Agency:
Marcus & Millichap - Dallas
(312) 327-5499
Listed By:
Alexander Zlotnik · License #License(s): IL: 475212760
(312) 327-5499
Source:
Marcusmillichap
Added: May 8
Changed: Aug 23
Last Checked: Jul 24 at 6:13PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This vacant industrial warehouse offers approximately 5,200 square feet of metal construction space on 0.91 acres. The facility provides a clear height of 14’ to 18’, supporting a wide range of industrial storage and working needs. Access is provided by three grade-level doors, including a drive-through repair bay designed for convenient vehicle flow. The building’s layout is intended to make efficient use of the interior space.
The property includes a building coverage ratio of 13 percent, which allows for outdoor space to support parking and outdoor storage needs.
Overall, the configuration—high clear height and multiple grade-level entrances—makes the building particularly functional for tenants or buyers seeking straightforward industrial use with flexible loading and service access.
The property includes a building coverage ratio of 13 percent, which allows for outdoor space to support parking and outdoor storage needs.
Overall, the configuration—high clear height and multiple grade-level entrances—makes the building particularly functional for tenants or buyers seeking straightforward industrial use with flexible loading and service access.
Key Highlights
- Vacant 5,200 SF industrial space with metal construction, built in 1971
- 14’ to 18’ clear height for storage and working space
- 3 grade‑level doors, including a drive‑through repair bay
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,181
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,620
$543.6K
Cap Rate 7%
$388,300
$388.3K
Cap Rate 9%
$302,011
$302.0K
Market Conditions
NOI Build-Up for 5,200 SF
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.
Gross rent
$33.7K $6.48/SF
− Vacancy
−$1.7K −$0.33/SF
EGI
$32.0K $6.15/SF
− OpEx
−$4.8K −$0.92/SF
NOI
$27.2K $5.23/SF
Area
Cook 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,620
Cap Rate 7%
$388,300
Cap Rate 9%
$302,011
Alternative Uses
Best Use
Warehouse
$388.3K
$339.8K – $453.0K
NOI $27,181 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.09M
NOI $125,673 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
1
Service bays
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60047, IL
43,944
Population
15,877
Households
2.8
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,259
Density / Sq Mi
$173,043
Median Household Income
$82,803
Median Earnings
$1,817
Median Rent
$510,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant metal-built warehouse with 14’–18’ clear height, three grade-level doors, including a drive-through repair bay.
Where is this warehouse located?
The property is located at 500 Rose Rd Lake Zurich, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Vacant 5,200 SF industrial space with metal construction, built in 1971; 14’ to 18’ clear height for storage and working space; 3 grade‑level doors, including a drive‑through repair bay
