Des Plaines Warehouse with
For Sale
$11,823,460
555 Santa Rosa Drive, Des Plaines, IL 60018
Warehouse with crane, heavy power, and office upgrades for sale.
Property Size107,486 SF
Price / SF$110
Days on Market128
Property Features for 555 Santa Rosa Drive
General Information
Standard status
Active
Size
107,486 SF
Property subtype
Industrial
Listing Agency:
(847) 706-4964
Listed By:
Matt Mulvihill
(847) 706-4964
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 30 at 3:20AM
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 Matt Mulvihill
Investment Insights
Based on property information with market context.
This commercial property offers potential for a Class 6B tax incentive and immediate access to the O’Hare North Cargo Entrance. The property features heavy power, with 7,200 amps at 480v. A 15,844 square foot crane bay includes a 15-ton crane rail already in place. The warehouse area has been updated with whitebox finishes and painted columns. New gas hanging units serve the warehouse, while new RTUs service the office area. The office space has been renovated with new paint, flooring, millwork, and ceiling tiles. Fire protection upgrades have been implemented, and restroom plumbing has been re-roughed with new fixtures installed. LED lighting is installed throughout the property. The property is located in Des Plaines, IL and has a total size of 107,486 square feet.
Key Highlights
- Immediate access to O’Hare North Cargo Entrance
- Heavy power - 7,200 amps @ 480v
- 15,844 SF crane bay with (1) 15‑ton crane rail in place**
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $696.5k | $6.48 |
| − Vacancy | −$35.5k | −$0.33 |
| EGI | $661.0k | $6.15 |
| − OpEx | −$99.1k | −$0.92 |
| NOI | $561.8k | $5.23 |
107,486 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$21.17M
$18.53M – $24.70M
NOI $1,482,056 @ 7.0% cap · market cap 12.53%
Second Best
Warehouse
$8.03M
$7.02M – $9.36M
NOI $561,839 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$37.11M
$32.47M – $43.30M
NOI $2,597,701 @ 7.0% cap · market cap 21.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60018, IL
30,051
Population
10,350
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
82%
High-School Grad
16.6 sq mi
ZIP Area
1,810
Density / Sq Mi
$85,415
Median Household Income
$40,194
Median Earnings
$1,174
Median Rent
$302,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ABW Self Storage Unit — 2125 westview dr, des plaines, il 60018
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- CubeSmart Self Storage — 1950 S Mt Prospect Rd, Des Plaines, IL 60018
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with crane, heavy power, and office upgrades for sale.
Where is this warehouse located?
The property is located at 555 Santa Rosa Drive Des Plaines, IL.
What is the asking price?
The asking price for this property is $11,823,460.
What are key features of this property?
This property features: Immediate access to O’Hare North Cargo Entrance; Heavy power - **7,200 amps @ 480v**; 15,844 SF crane bay with (1) 15‑ton crane rail in place**
