Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office and Cold Storage Warehouse Title is generated by Realmo AI

    80 North Street, Park Forest, IL 60466

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Redevelopable office-and-warehouse facility with multiple cold rooms, substantial pallet capacity, and docked loading for manufacturing users.

    Type:Retail, Office, Industrial
    Property size:
    123,600 SF
    Lot size:
    7.00 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:54 am

    Property Features for 80 North Street

    General Information

    Standard status
    Active
    Size
    123,600 SF
    Lot size
    7.00 Acres
    Property subtype
    Retail, Office, Industrial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Karen Kulczycki-CCIM, SIOR

    Listing agent Karen Kulczycki-CCIM, SIOR License #IL #471-020279

    Listing office SVN | Chicago Commercial

    Listing date Jun 3, 2026

    Source Crexi

    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 SVN | Chicago Commercial

    HighLights

    • Approx. 123,600 SF office and industrial warehouse on approx. 7.00 acres in Park Forest, IL (built 1960)
    • Warehouse includes 5 cold rooms/storage rooms with capacity for 1,100+ pallet positions
    • Loading features include 7 docks total: 5 interior docks and 2 exterior docks, plus 3 drive‑in doors
    • Two‑story office space with conference and break rooms
    • Prior food manufacturing facility with built‑to‑suit potential for multiple manufacturing uses; all concepts and uses will be considered
    • Optional fenced yard: 69,120 SF available for $5,000/month gross

    Overview

    80-90 North Street is an office and industrial warehouse redevelopment opportunity offering approximately 123,600 square feet on about 7 acres in Park Forest, Illinois. The property was previously a food manufacturing facility and is described as build-to-suit for multiple manufacturing uses, with all concepts and uses considered. Warehouse operations include 5 cold rooms or storage rooms and capacity for over 1,100 pallet positions.

    Loading is supported by 7 docks total, including 5 interior docks and 2 exterior docks, along with 3 drive-in doors. The property also includes a two-story office with conference and break rooms. In addition, an additional fenced yard of 69,120 square feet is available for $5,000 per month gross.

    For tenants and operators seeking a manufacturing-oriented facility with refrigerated storage options, dock and drive-in access, and onsite office space, this site offers a combination of warehousing and administrative space designed to accommodate build-to-suit requirements. The location provides easy access via Lincoln Highway to I-57 and I-394, with Park Forest situated about 37 miles south of the Chicago Loop and roughly 10 miles to the Indiana border.
    Location Intelligence

    Current Use by Public Records

    KRAJINA TRUCK REPAIR Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Forest
    County
    Will
    State
    Illinois
    Longitude
    -87.6815529
    Latitude
    41.4983364

    Nearby Similar for Lease

    • Contact for pricing
      1,767 SF

      Freestanding Bank Building For Lease

      1,767 SF bank building with drive-thru and ATM.
      2 Main St, Park Forest, IL 60466
      View Details
    • Contact for pricing

      Retail Space in Park Forest

      Located near 373 Sauk Trail, ideal for retail tenants.
      373 Sauk Trail, Park Forest, IL 60466
      View Details

    FAQs

    What type of property is this?
    Flex space - Redevelopable office-and-warehouse facility with multiple cold rooms, substantial pallet capacity, and docked loading for manufacturing users.
    Where is this flex space located?
    The property is located at 80 North Street Park Forest, IL.
    What are key features of this property?
    This property features: Approx. 123,600 SF office and industrial warehouse on approx. 7.00 acres in Park Forest, IL (built 1960); Warehouse includes 5 cold rooms/storage rooms with capacity for 1,100+ pallet positions; Loading features include 7 docks total: 5 interior docks and 2 exterior docks, plus 3 drive‑in doors
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Karen Kulczycki-CCIM, SIOR
    Real Estate License ID: IL #471-020279
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    80 North Street, Park Forest, IL 60466
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!