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    80 E Taft Drive South Holland, IL 60473

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    LAND - South Holland, IL

    Lot size:
    0.23 Acres
    Added:
    May 7, 2026
    Days on Market:
    1
    Last Refresh:
    May 7 at 3:06 pm

    Property Features for 80 E Taft Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    INDUS
    Standard status
    Active
    APN
    29221040060000
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Moses Hall
    Moses Hall

    Listing agent Moses Hall License #471019687

    Listing office MoHall Commercial & Urban Development 350 N. Orleans St. #9000N, Chicago, IL

    Listing date May 7, 2026

    MLS# 12641159 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strategically located in South Holland's growing industrial corridor with convenient access to I‑94, I‑294, Halsted Street, and U.S. Route 6.
    • Zoned LI Light Industrial, ideally suited for a wide range of industrial and commercial applications.
    • Offers tremendous potential for owner‑users, contractors, logistics operators, and industrial investors.
    • Suited for industrial outdoor storage (IOS), a highly sought‑after asset class.
    • Located within an established industrial pocket surrounded by active industrial businesses.
    • Presents a unique and highly functional layout for secure industrial outdoor storage.

    Overview

    South Holland Industrial Land Parcel

    This approximately 10,193 square foot industrial parcel is located at 80 Taft Drive in South Holland, Illinois. It is zoned LI Light Industrial and offers potential for owner-users, contractors, logistics operators, industrial investors, and businesses seeking secure outdoor storage or flexible industrial land within the greater Chicago industrial market. The site is suited for a range of industrial and commercial applications including contractor yards, commercial vehicle parking, equipment storage, fleet storage, trailer parking, utility operations, material staging, outdoor industrial storage, landscaping businesses, light industrial operations, and logistics-related uses, subject to municipal approval and verification. The location offers convenient access to Interstate 94, Interstate 294, Halsted Street, U.S. Route 6, and major regional freight corridors connecting Chicago, Northwest Indiana, and the broader Midwest logistics network. The parcel presents a functional layout for secure industrial outdoor storage, contractor operations, or industrial yard development. Nearby users consist of industrial warehouses, contractor facilities, transportation businesses, manufacturing operations, and outdoor storage users. Proximity to active rail infrastructure creates added appeal for industrial operators seeking connectivity to Chicago's regional transportation ecosystem. South Holland is an attractive destination for industrial and commercial investment due to its strategic location, access to labor, transportation infrastructure, and relative affordability compared to many inner-city industrial markets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Holland
    County
    Cook
    State
    Illinois
    Longitude
    -87.614968
    Latitude
    41.593807

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    FAQs

    What type of property is this?
    Industrial land - Strategically located industrial land in South Holland's growing corridor.
    Where is this industrial land located?
    The property is located at 80 E Taft Drive South Holland, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Strategically located in South Holland's growing industrial corridor with convenient access to I‑94, I‑294, Halsted Street, and U.S. Route 6.; Zoned LI Light Industrial, ideally suited for a wide range of industrial and commercial applications.; Offers tremendous potential for owner‑users, contractors, logistics operators, and industrial investors.
    (312) 826-9925
    We can help!
    Listing Contact
    Moses Hall
    Moses Hall
    Real Estate License ID: 471019687
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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