Air-Conditioned, Fully Sprinklered
For Sale
Contact for pricing
8035 Austin Ave, Morton Grove, IL 60053
Fully sprinklered, air-conditioned warehouse with substantial clear height and ample on-site parking.
Property Size35,400 SF
Price / SF$83.33
Days on Market382
Property Features for 8035 Austin Ave
General Information
Standard status
Active
Size
35,400 SF
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Brendan Green
(847) 331-2157
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Oct 25
Last Checked: Oct 28 at 12:07PM
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
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Investment Insights
Based on property information with market context.
Air-conditioned warehouse space totaling 35,400 SF is offered for sale, with additional space ranging from 8,836 SF to 12,115 SF and 20,951 SF available for lease. The building is entirely sprinklered and air conditioned, supporting a wide range of distribution and light industrial uses. Clear height ranges from 12'5" to 17'6", providing flexibility for storage and operational needs.
Convenient transportation access is a core part of the offering, with the train station 1.2 miles away. The property is also located 1.3 miles from I-94 and 5.5 miles from I-294, with O’Hare Airport approximately 8 miles from the building.
On-site parking is available for up to 66 cars, supporting employee and visitor access.
Convenient transportation access is a core part of the offering, with the train station 1.2 miles away. The property is also located 1.3 miles from I-94 and 5.5 miles from I-294, with O’Hare Airport approximately 8 miles from the building.
On-site parking is available for up to 66 cars, supporting employee and visitor access.
Key Highlights
- 35,400 SF warehouse available for sale
- Lease options include 8,836 SF, 12,115 SF, and 20,951 SF
- Fully sprinklered and air conditioned throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,039
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,700,780
$3.7M
Cap Rate 7%
$2,643,414
$2.6M
Cap Rate 9%
$2,055,989
$2.1M
Market Conditions
NOI Build-Up for 35,400 SF
Gross rent
$229.4K $6.48/SF
− Vacancy
−$11.7K −$0.33/SF
EGI
$217.7K $6.15/SF
− OpEx
−$32.7K −$0.92/SF
NOI
$185.0K $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%
$3,700,780
Cap Rate 7%
$2,643,414
Cap Rate 9%
$2,055,989
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $185,039 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.22M
$10.69M – $14.26M
NOI $855,540 @ 7.0% cap · market cap 29.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 60053, IL
25,297
Population
9,546
Households
2.7
Avg Household Size
45
Median Age
52%
College-Educated
90%
High-School Grad
5.1 sq mi
ZIP Area
4,960
Density / Sq Mi
$106,078
Median Household Income
$61,315
Median Earnings
$2,210
Median Rent
$377,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully sprinklered, air-conditioned warehouse with substantial clear height and ample on-site parking.
Where is this warehouse located?
The property is located at 8035 Austin Ave Morton Grove, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 35,400 SF warehouse available for sale; Lease options include 8,836 SF, 12,115 SF, and 20,951 SF; Fully sprinklered and air conditioned throughout
