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501 Ridge Rd Homewood, IL 60430

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Well-located self-storage facility in Homewood, Illinois with upside potential.

Property Features for 501 Ridge Rd

General Information

Standard status
Active

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Listing Contact
Cole Carosella
Source: Crexi

Listing Agency: Argus Self Storage Advisors Listing Agent: Cole Carosella

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Homewood Self Storage Opportunity

The property at 501 Ridge Road in Homewood, Illinois, is a self-storage facility. It features 136 self-storage units, totaling 16,180 rentable square feet. The facility benefits from its location in the Chicago south suburban area, providing access throughout the Homewood / Hazel Crest / Glenwood corridor. The property is situated near retail and service businesses that support consistent tenant traffic. Several national storage operators surround the site, validating consumer demand and long-term viability for self-storage in this submarket. The offering provides investors with a trailing ~9% cap rate.
Location Intelligence

Current Use by Public Records

Homewood Self Storage Storage Facility Floyds Heating,Cooling and Refrigeration Hardware & Home Improvement McFarland Funeral Services Social Service Agency Harmons Technical Installations ... Telecommunications Service

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Homewood
County
Cook
State
Illinois
Longitude
-87.632845
Latitude
41.56422

FAQs

What type of property is this?
Self storage facility - Well-located self-storage facility in Homewood, Illinois with upside potential.
Where is this self storage facility located?
The property is located at 501 Ridge Rd Homewood, IL.
What are key features of this property?
This property features: - Compelling ~9% trailing cap rate provides immediate and durable yield.; - Located in a dense, established south suburban Chicago area.; - Benefits from convenient access throughout the Homewood / Hazel Crest / Glenwood corridor.
More about this property
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