Crane-Served Manufacturing
For Sale
Contact for pricing
729 Lunt Avenue, Schaumburg, IL 60193
Masonry-and-steel industrial facility with heavy power, overhead cranes, loading docks, and M-1 manufacturing zoning.
Property Size38,000 SF
Lot Size2.75 Acres
Price / SF$115
Days on Market57
Property Features for 729 Lunt Avenue
General Information
Standard status
Active
Size
38,000 SF
Class
B
Total Parking Spaces
100
Lot size
2.75 Acres
Property subtype
Industrial
Zoning
M-1
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
7,000 SF
Dock-High Doors
2
Drive-In Doors
5
Power
3,500 amps
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Units
1
Building Size
38,000 SF
Construction
Masonry & Steel
Listing Agency:
Transwestern
Listed By:
Ross Lehrman · License #IL 475171721
(847) 588-5700
Source:
Crexi
Added: Aug 10
Changed: Sep 20
Last Checked: Oct 4 at 9:20AM
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 Transwestern
Investment Insights
Based on property information with market context.
This masonry-and-steel manufacturing facility contains approximately 38,000 SF across a 33,000 SF first floor and 5,000 SF second floor. The two-story office component measures approximately 7,000 SF. Clear heights range from 15' to 22', with two docks, five drive-in doors, wet sprinklers, and gas heating. Crane equipment includes one 3-ton unit and two 2-ton units. Power is approximately 3500 Amps, to be determined. A roof replacement completed in 2018 carries a 20-year warranty.
The property occupies approximately 2.75 acres at 729 Lunt Avenue in Schaumburg, Illinois, with parking for approximately 100 cars. M-1 zoning identifies the site as a manufacturing district. Access to O’Hare Airport is available via I-390, and the site includes room for warehouse expansion.
The property occupies approximately 2.75 acres at 729 Lunt Avenue in Schaumburg, Illinois, with parking for approximately 100 cars. M-1 zoning identifies the site as a manufacturing district. Access to O’Hare Airport is available via I-390, and the site includes room for warehouse expansion.
Key Highlights
- ±38,000 SF manufacturing building on ±2.75 AC
- Crane equipment includes (1) 3‑Ton and (2) 2‑Ton cranes
- 15’ - 22’ Clear ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,629
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,972,580
$4.0M
Cap Rate 7%
$2,837,557
$2.8M
Cap Rate 9%
$2,206,989
$2.2M
Market Conditions
NOI Build-Up for 38,000 SF
Gross rent
$246.2K $6.48/SF
− Vacancy
−$12.6K −$0.33/SF
EGI
$233.7K $6.15/SF
− OpEx
−$35.1K −$0.92/SF
NOI
$198.6K $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%
$3,972,580
Cap Rate 7%
$2,837,557
Cap Rate 9%
$2,206,989
Alternative Uses
Best Use
Warehouse
$2.84M
$2.48M – $3.31M
NOI $198,629 @ 7.0% cap · market cap 4.55%
Second Best
Industrial
$2.34M
$2.04M – $2.73M
NOI $163,577 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$13.12M
$11.48M – $15.31M
NOI $918,377 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22 ft
Clear height
2
Dock-high doors
5
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 60193, IL
40,805
Population
16,478
Households
2.5
Avg Household Size
42
Median Age
44%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
4,637
Density / Sq Mi
$92,284
Median Household Income
$57,707
Median Earnings
$1,699
Median Rent
$317,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Masonry-and-steel industrial facility with heavy power, overhead cranes, loading docks, and M-1 manufacturing zoning.
Where is this manufacturing property located?
The property is located at 729 Lunt Avenue Schaumburg, IL.
What is the asking price?
The asking price for this property is $4,370,000.
What are key features of this property?
This property features: ±38,000 SF manufacturing building on ±2.75 AC; Crane equipment includes (1) 3‑Ton and (2) 2‑Ton cranes; 15’ - 22’ Clear ceiling heights
