Industrial Warehouse with
For Sale
$3,550,000
525-531 W 169th St, South Holland, IL 60473
Industrial facility includes 4,950 SF office space, 3 drive-in doors, 4 docks, and 16’ clear height.
Property Size50,204 SF
Lot Size3.63 Acres
Price / SF$70.71
Days on Market148
Property Features for 525-531 W 169th St
General Information
Standard status
Active
Size
50,204 SF
Lot size
3.63 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
4
Drive-In Doors
3
Heavy Power
Yes
Amenities
compressed air lines
breakroom
locker rooms
Building Details
Building Size
50,204 SF
Year Built
1979
Listing Agency:
Cawley Chicago
Listed By:
Joshua Hearne
(815) 302-5488
Source:
Cawleycre
Added: Jun 3
Changed: Oct 27
Last Checked: Oct 28 at 6:04AM
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 Cawley Chicago
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property features a 50,204 SF warehouse with 4,950 SF of office space. The building is equipped with 3 drive-in doors and 4 dock doors, supported by 16’ clear height and 1,600 amps of power. Additional operational amenities include compressed air lines throughout, a breakroom, and locker rooms.
The property includes 1 acre of fenced and secured outdoor storage, with room for expanded operations. It sits on 3.63 acres and provides ample parking, along with quick access to major highways including I-94, I-80, I-57, and I-294.
Loading capability and on-site office space make this facility well-suited to logistics and industrial uses that require both warehouse and administrative areas, with exterior storage available behind fencing.
The property includes 1 acre of fenced and secured outdoor storage, with room for expanded operations. It sits on 3.63 acres and provides ample parking, along with quick access to major highways including I-94, I-80, I-57, and I-294.
Loading capability and on-site office space make this facility well-suited to logistics and industrial uses that require both warehouse and administrative areas, with exterior storage available behind fencing.
Key Highlights
- 50,204 SF industrial building on 3.63 acres (includes 4,950 SF office space)
- Loading includes 3 drive‑in doors and 4 docks
- 16’ clear height and 1,600 amps electrical power (400 volt)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,421
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,248,420
$5.2M
Cap Rate 7%
$3,748,871
$3.7M
Cap Rate 9%
$2,915,789
$2.9M
Market Conditions
NOI Build-Up for 50,204 SF
Gross rent
$325.3K $6.48/SF
− Vacancy
−$16.6K −$0.33/SF
EGI
$308.7K $6.15/SF
− OpEx
−$46.3K −$0.92/SF
NOI
$262.4K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,248,420
Cap Rate 7%
$3,748,871
Cap Rate 9%
$2,915,789
Alternative Uses
Best Use
Warehouse
$3.75M
$3.28M – $4.37M
NOI $262,421 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.33M
$15.17M – $20.22M
NOI $1,213,321 @ 7.0% cap · market cap 34.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
4
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60473, IL
21,661
Population
7,969
Households
2.7
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,777
Density / Sq Mi
$88,046
Median Household Income
$40,903
Median Earnings
$1,914
Median Rent
$200,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Public Storage — 17208 Halsted St, East Hazel Crest, IL 60429
- CubeSmart Self Storage — 16731 Halsted St, Harvey, IL 60426
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility includes 4,950 SF office space, 3 drive-in doors, 4 docks, and 16’ clear height.
Where is this warehouse located?
The property is located at 525-531 W 169th St South Holland, IL.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 50,204 SF industrial building on 3.63 acres (includes 4,950 SF office space); Loading includes 3 drive‑in doors and 4 docks; 16’ clear height and 1,600 amps electrical power (400 volt)
