Boutique Warehouse with Drive-In
For Sale
Contact for pricing
6020 Dahlin Drive, Skokie, IL 60077
For sale 6,800 sf warehouse with two overhead drive-in doors and newly renovated office/admin space.
Property Size6,800 SF
Price / SF$99.26
Days on Market86
Property Features for 6020 Dahlin Drive
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Industrial
Investment Type
Owner/User
Additional Details
Drive-In Doors
2
Building Details
Stories
1
Listing Agency:
Imperial Realty Company
(773) 736-6461
Listed By:
Theron May · License #IL 471.019986
Source:
Crexi
Added: May 29
Changed: Aug 16
Last Checked: Aug 21 at 11:18PM
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 Imperial Realty Company
Investment Insights
Based on property information with market context.
A boutique industrial building totaling 6,800 sf on a 9,757 sf lot, offered for sale at 6020 Dahlin Drive. The warehouse includes two overhead drive-in doors, supporting straightforward loading and offloading for small-to-mid scale operations. Inside, the property also features newly renovated office and administrative space, creating a dedicated area for day-to-day management.
The site is located across the street from Niles West High School. Public transit access is also nearby, with Pace Bus service available via routes within about a 0.3-mile walk along Howard and Austin to the south, and Oakton and Austin to the north. Menards is listed as less than a mile to the northwest, and multiple restaurant options are available along Touhy Ave to the south.
This configuration can fit tenants and buyers looking for a compact warehouse footprint paired with updated office space, rather than a fully industrial-only setup. The two drive-in doors provide practical flexibility for deliveries and light distribution, while the renovated admin area supports companies that need on-site coordination for staff and operations. The offering is identified by tax pin #10-29-101-013.
The site is located across the street from Niles West High School. Public transit access is also nearby, with Pace Bus service available via routes within about a 0.3-mile walk along Howard and Austin to the south, and Oakton and Austin to the north. Menards is listed as less than a mile to the northwest, and multiple restaurant options are available along Touhy Ave to the south.
This configuration can fit tenants and buyers looking for a compact warehouse footprint paired with updated office space, rather than a fully industrial-only setup. The two drive-in doors provide practical flexibility for deliveries and light distribution, while the renovated admin area supports companies that need on-site coordination for staff and operations. The offering is identified by tax pin #10-29-101-013.
Key Highlights
- 6,800 SF warehouse building on a 9,757 SF lot
- Two overhead drive‑in doors for warehouse access
- Newly renovated office and admin interior space
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
$35,544
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
5.27%
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%
$710,880
$710.9K
Cap Rate 7%
$507,771
$507.8K
Cap Rate 9%
$394,933
$394.9K
Market Conditions
NOI Build-Up for 6,800 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
$44.1K $6.48/SF
− Vacancy
−$2.2K −$0.33/SF
EGI
$41.8K $6.15/SF
− OpEx
−$6.3K −$0.92/SF
NOI
$35.5K $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 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%
$710,880
Cap Rate 7%
$507,771
Cap Rate 9%
$394,933
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,761 @ 7.0% cap · market cap 13.89%
Second Best
Warehouse
$507.8K
$444.3K – $592.4K
NOI $35,544 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,341 @ 7.0% cap · market cap 24.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60077, IL
28,856
Population
11,317
Households
2.5
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
6,870
Density / Sq Mi
$80,765
Median Household Income
$40,996
Median Earnings
$1,450
Median Rent
$327,400
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?
Warehouse - For sale 6,800 sf warehouse with two overhead drive-in doors and newly renovated office/admin space.
Where is this warehouse located?
The property is located at 6020 Dahlin Drive Skokie, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 6,800 SF warehouse building on a 9,757 SF lot; Two overhead drive‑in doors for warehouse access; Newly renovated office and admin interior space
