Freestanding Flex
New
For Sale
Contact for pricing
6 Unytite Drive, Peru, IL 61354
Clear-span facility combines finished offices with adaptable warehouse and shop areas.
Property Size10,000 SF
Price / SF$90
Days on Market7
Property Features for 6 Unytite Drive
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
22
Property subtype
Industrial, Office
Zoning
B-4
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
6,800 SF
Office Build-Out
3,200 SF
Dock-High Doors
1
Drive-In Doors
3
Power
400 amps
Three-Phase Power
Yes
Building Details
Year Built
2009
Buildings
1
Units
1
Building Size
10,000 SF
Construction
pre-engineered steel
Listing Agency:
Coldwell Banker Today's, Realtors
(815) 223-1088
Listed By:
Ellen Credi · License #471019165
Source:
Crexi
Added: Aug 6
Changed: Aug 12
Last Checked: Aug 12 at 6:12AM
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 Coldwell Banker Today's, Realtors
Investment Insights
Based on property information with market context.
This freestanding flex property contains 10,000 SF in a pre-engineered steel building completed in 2009. The interior pairs 3,200 SF of finished office area with 6,800 SF of open warehouse and shop space. Office improvements include reception, a conference room, 8 private offices, a kitchen/break room, and a restroom. The clear-span structure has an 18' eave height, two separated bay areas, 400-amp, 3-phase electrical service, and two 95% efficient Trane furnaces.
Shipping and receiving functions are supported by two 14' x 16' overhead doors, a 12' x 12' loading dock door with concrete dock and ramp, and a 12' x 12' ground-level delivery door. The property is zoned B-4, served by city utilities, and includes 22 paved parking spaces. Located at 6 Unytite Drive in Peru, the building sits immediately off IL Route 251 and one stoplight intersection from Interstate 80, near Canam Steel, James Hardie, and Unytite Inc.
Shipping and receiving functions are supported by two 14' x 16' overhead doors, a 12' x 12' loading dock door with concrete dock and ramp, and a 12' x 12' ground-level delivery door. The property is zoned B-4, served by city utilities, and includes 22 paved parking spaces. Located at 6 Unytite Drive in Peru, the building sits immediately off IL Route 251 and one stoplight intersection from Interstate 80, near Canam Steel, James Hardie, and Unytite Inc.
Key Highlights
- 10,000 SF freestanding pre‑engineered steel building, built in 2009
- 3,200 SF finished office area and 6,800 SF warehouse/shop space
- 18' eave height with clear‑span construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,076
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,561,520
$1.6M
Cap Rate 7%
$1,115,371
$1.1M
Cap Rate 9%
$867,511
$867.5K
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$97.2K $9.72/SF
− Vacancy
−$5.3K −$0.53/SF
EGI
$91.9K $9.19/SF
− OpEx
−$13.8K −$1.38/SF
NOI
$78.1K $7.81/SF
Area
LaSalle, IL
La Salle County, LA
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,561,520
Cap Rate 7%
$1,115,371
Cap Rate 9%
$867,511
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 12.96%
Second Best
Warehouse
$1.12M
$976.0K – $1.30M
NOI $78,076 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,200 @ 7.0% cap · market cap 19.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61354, IL
10,447
Population
5,111
Households
2
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
245
Density / Sq Mi
$69,382
Median Household Income
$45,114
Median Earnings
$877
Median Rent
$160,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Clear-span facility combines finished offices with adaptable warehouse and shop areas.
Where is this flex space located?
The property is located at 6 Unytite Drive Peru, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 10,000 SF freestanding pre‑engineered steel building, built in 2009; 3,200 SF finished office area and 6,800 SF warehouse/shop space; 18' eave height with clear‑span construction
