Steel Manufacturing
50w485 Il Route 64, Maple Park, IL 60151
For Sale
New
$890,000
A freestanding steel facility offers shop space, office areas, heavy power, and on-site parking.
Property Size10,000 SF
Lot Size3.58 Acres
Price / SF$89
Days on Market3
Property Features for 50w485 Il Route 64
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Office Build-Out
Mezzanine
Power
Three-Phase Power
Heavy Power
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Concrete
Well
State Road
300 x 500
3.58
10000
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Thornton Properties of Chicago INC
(773) 902-0523
Listed By:
Angel Rosales
Source:
Prosalesrealty
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 11:14AM
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 10,000-square-foot freestanding steel building sits on 3.58 acres and is currently used for cabinet manufacturing. The interior includes a 7,500-square-foot shop, 850 square feet of separate offices, and another 850 square feet of mezzanine office space. A 14-by-14-foot overhead door serves the shop, which has 1,600-amp, three-phase power. Concrete flooring and a well are also listed among the property features, with parking for staff and visitors.
The property is set back from Illinois Route 64 in Maple Park, with Routes 47, 90, and 88 noted as nearby. The building was constructed in 1974.
The property is set back from Illinois Route 64 in Maple Park, with Routes 47, 90, and 88 noted as nearby. The building was constructed in 1974.
Key Highlights
- 3.58‑acre site with a 10,000‑square‑foot building
- 7,500‑square‑foot shop area
- 850 square feet of separate offices plus 850 square feet 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
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
NOI $43,047 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $190,875 @ 7.0% cap · market cap 21.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Manufacturing properties in Kane County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A freestanding steel facility offers shop space, office areas, heavy power, and on-site parking.
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 site with a 10,000‑square‑foot building; 7,500‑square‑foot shop area; 850 square feet of separate offices plus 850 square feet of mezzanine offices
