Building Details

Building Size 10,000 SF

Year Built 1974

Buildings 1

Stories 2

Units 1

Construction steel

Listing Agency: Thornton Properties of Chicago INC

Listed By: Kevin Thornton Show Phone

Source: Fishmangroup

Added: Feb 24 Changed: Oct 23 Last Checked: Oct 23 at 4:44PM

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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 Thornton Properties of Chicago INC

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Investment Insights

Based on property information with market context.

This freestanding steel manufacturing facility contains 10,000 square feet across a 7,500-square-foot shop, 850 square feet of separate offices, and 850 square feet of mezzanine offices. A 14-foot by 14-foot overhead door serves the shop, and the building has 1,600-amp, three-phase power. The site includes parking for staff and visitors and encompasses 3.58 acres.

The property is set back from Route 64 and is near Routes 47, 90, and 88. Its stated current use is cabinet manufacturing.

Key Highlights

• 10,000 SF building on 3.58 acres
• 7,500 SF shop with one 14' x 14' overhead door
• 850 SF of separate offices and 850 SF of mezzanine offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,047

Cap Rate

4.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$860,940 $860.9K

Cap Rate 7%

$614,957 $615.0K

Cap Rate 9%

$478,300 $478.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$64.8K $6.48/SF

− Vacancy

−$3.3K −$0.33/SF

EGI

$61.5K $6.15/SF

− OpEx

−$18.4K −$1.84/SF

NOI

$43.0K $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%

$860,940

Cap Rate 7%

$614,957

Cap Rate 9%

$478,300

Alternative Uses

Best Use

Industrial

$615.0K

$538.1K – $717.5K (±1% cap)

NOI $43,047 @ 7.0% cap · market cap 4.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.45M

$3.02M – $4.03M (±1% cap)

NOI $241,678 @ 7.0% cap · market cap 27.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility Kitchen & Bath Showroom Computer & Electronic Repair Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - The facility combines dedicated production space with separate offices, mezzanine offices, and three-phase electrical service.

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: 10,000 SF building on 3.58 acres; 7,500 SF shop with one 14' x 14' overhead door; 850 SF of separate offices and 850 SF of mezzanine offices