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 Show Phone

Listed By: Kevin Thornton Show Phone

Added: Feb 24 Changed: Aug 20 Last Checked: Oct 5 at 5:06PM

Report an Issue

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.

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 / Yr

$66,088

Cap Rate

7.43%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $137,884 @ 7.0% cap · market cap 15.49%

Second Best

Flex RnD

$944.1K

$826.1K – $1.10M (±1% cap)

NOI $66,088 @ 7.0% cap · market cap 7.43%

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.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility Kitchen & Bath Showroom Garden Center Restaurant

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

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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