Freestanding Manufacturing
For Sale
$890,000
50W485 Il Route 64, Maple Park, IL 60151
Commercial Sale, Maple Park, IL
Property Size10,000 SF
Lot Size3.58 Acres
Price / SF$89
Days on Market186
Property Features for 50W485 Il Route 64
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUS
Directions
IL-64 (North Ave) to Site, South Side of 64. West of McGough and east of County Line.
Subdivision
Lily Lake / Maple Park
Standard status
Active
APN
0706400011
Lot size
3.58 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
17800
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1974
Floors in Building
2
Number of units
1
Flooring type
Concrete
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Thornton Properties of Chicago INC
(312) 880-0000
Listed By:
Kevin Thornton
(312) 758-3132
Added: Feb 24
Changed: Aug 20
Last Checked: Aug 29 at 2:06PM
MLS# 12576027
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding steel manufacturing facility contains 10K SF of total building area on a 3.58-acre parcel. The interior includes 7,500 SF of shop space, 850 SF of multiple separate offices, and an additional 850 SF of mezzanine offices. A 14-foot by 14-foot overhead door supports shop access, while concrete flooring, a metal roof, and steel siding provide durable building components. The property was built in 1974 and is currently used by a national cabinet maker.
Electrical service includes three-phase power with 1,600-amp capacity. Parking is available for staff and visitors. The building is set back from Illinois Route 64 and is located near Routes 47, 90, and 88. Water is supplied by a well, and the property uses a septic tank system.
Electrical service includes three-phase power with 1,600-amp capacity. Parking is available for staff and visitors. The building is set back from Illinois Route 64 and is located near Routes 47, 90, and 88. Water is supplied by a well, and the property uses a septic tank system.
Key Highlights
- 3.58‑acre parcel with 10K SF total building area
- 7,500 SF shop area with 850 SF of separate offices
- 850 SF of mezzanine offices
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
$66,088
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
7.43%
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%
$1,321,760
$1.3M
Cap Rate 7%
$944,114
$944.1K
Cap Rate 9%
$734,311
$734.3K
Market Conditions
NOI Build-Up for 10,000 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
$106.8K $10.68/SF
− Vacancy
−$5.1K −$0.51/SF
EGI
$101.7K $10.17/SF
− OpEx
−$35.6K −$3.56/SF
NOI
$66.1K $6.61/SF
Area
Kane County, IL
Vacancy
4.80%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
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%
$1,321,760
Cap Rate 7%
$944,114
Cap Rate 9%
$734,311
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,884 @ 7.0% cap · market cap 15.49%
Second Best
Flex RnD
$944.1K
$826.1K – $1.10M
NOI $66,088 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,678 @ 7.0% cap · market cap 27.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 60151, IL
3,997
Population
1,648
Households
2.4
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
82.5 sq mi
ZIP Area
48
Density / Sq Mi
$121,667
Median Household Income
$54,946
Median Earnings
$1,649
Median Rent
$334,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Steel construction, substantial shop area, separate offices, mezzanine workspace, and dedicated three-phase electrical service support manufacturing operations.
Where is this manufacturing property located?
The property is located at 50W485 Il Route 64 Maple Park, IL.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 3.58‑acre parcel with 10K SF total building area; 7,500 SF shop area with 850 SF of separate offices; 850 SF of mezzanine offices
