Manufacturing Facility with Freight
For Sale
Contact for pricing
7500 Saint Louis Ave, Skokie, IL 60076
Large industrial facility with office space, multi-level operations, loading access, and distributed electrical service.
Property Size65,899 SF
Price / SF$53.04
Days on Market275
Property Features for 7500 Saint Louis Ave
General Information
Standard status
Active
Size
65,899 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
17 ft
Office Build-Out
5,000 SF
Dock-High Doors
3
Drive-In Doors
2
Building Details
Stories
2
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Brendan Green
(847) 331-2157
Source:
Moodyscre
Added: Jan 14
Changed: Oct 15
Last Checked: Oct 16 at 11:15AM
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 Colliers | Chicago Rosemont
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The manufacturing facility at 7500 Saint Louis Ave contains 65,899 square feet, including 5,000 square feet of office space. The building offers 54,567 square feet on the first floor and 11,332 square feet on the second floor, with clear heights ranging from 12 feet to 17 feet. A freight elevator, three exterior docks, and two DIDs support movement of materials and goods. Electrical service is distributed throughout the facility, and the roof is newer and in good condition.
The property is located in Skokie, Illinois, approximately 2.8 miles from the I-94/Touhy Interchange. The facility is identified for manufacturing, assembly, or warehouse use and is available immediately. Potential 6B real estate tax incentive eligibility is also noted.
The property is located in Skokie, Illinois, approximately 2.8 miles from the I-94/Touhy Interchange. The facility is identified for manufacturing, assembly, or warehouse use and is available immediately. Potential 6B real estate tax incentive eligibility is also noted.
Key Highlights
- 65,899 SF manufacturing facility with 5,000 SF of office space
- 54,567 SF first floor and 11,332 SF second floor
- 12'-17' clear heights throughout the facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,673
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,673,460
$5.7M
Cap Rate 7%
$4,052,471
$4.1M
Cap Rate 9%
$3,151,922
$3.2M
Market Conditions
NOI Build-Up for 65,899 SF
Gross rent
$427.0K $6.48/SF
− Vacancy
−$21.8K −$0.33/SF
EGI
$405.2K $6.15/SF
− OpEx
−$121.6K −$1.84/SF
NOI
$283.7K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,673,460
Cap Rate 7%
$4,052,471
Cap Rate 9%
$3,151,922
Alternative Uses
Best Use
Flex RnD
$9.91M
$8.67M – $11.57M
NOI $693,916 @ 7.0% cap · market cap 19.85%
Second Best
Warehouse
$4.92M
$4.31M – $5.74M
NOI $344,460 @ 7.0% cap · market cap 9.86%
Theoretical Best
Office A
$22.75M
$19.91M – $26.54M
NOI $1,592,634 @ 7.0% cap · market cap 45.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
17 ft
Clear height
3
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Explore this area
Business Placement
Demographics for 60076, IL
34,295
Population
11,908
Households
2.9
Avg Household Size
42
Median Age
52%
College-Educated
91%
High-School Grad
5.1 sq mi
ZIP Area
6,725
Density / Sq Mi
$103,870
Median Household Income
$50,336
Median Earnings
$1,576
Median Rent
$381,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Large industrial facility with office space, multi-level operations, loading access, and distributed electrical service.
Where is this manufacturing property located?
The property is located at 7500 Saint Louis Ave Skokie, IL.
What is the asking price?
The asking price for this property is $3,494,996.
What are key features of this property?
This property features: 65,899 SF manufacturing facility with 5,000 SF of office space; 54,567 SF first floor and 11,332 SF second floor; 12'-17' clear heights throughout the facility
