Multi-Tenant Industrial
805 California Ave., Dolton, IL 60419
For Sale
Contact for pricing
Two tenants occupy the property, with loading access serving each individual unit.
Property Size24,000 SF
Price / SF$50
Days on Market9
Property Features for 805 California Ave.
General Information
Standard status
Size
Property subtype
Occupancy
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Tenancy
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Peter Doughty · License IL 475.177502
(630) 501-8656
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 8:19AM
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 Marcus & Millichap - Chicago Downtown
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Investment Insights
Based on property information with market context.
The industrial property totals approximately 24,000 square feet across three units of approximately 8,000 square feet each. Each unit has a dedicated drive-in door and dock door. Two tenants occupy the building: Sherwin-Williams leases approximately 8,000 square feet, and Industrial Tractor Parts occupies the remaining approximately 16,000 square feet.
Key Highlights
- Approximately 24,000 square feet across three units of approximately 8,000 square feet each
- Fully occupied by two tenants: Sherwin‑Williams and Industrial Tractor Parts
- Each unit has a dedicated drive‑in door and dock door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,312
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,240
$2.1M
Cap Rate 7%
$1,475,886
$1.5M
Cap Rate 9%
$1,147,911
$1.1M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$155.5K $6.48/SF
− Vacancy
−$7.9K −$0.33/SF
EGI
$147.6K $6.15/SF
− OpEx
−$44.3K −$1.84/SF
NOI
$103.3K $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%
$2,066,240
Cap Rate 7%
$1,475,886
Cap Rate 9%
$1,147,911
Alternative Uses
Best Use
Industrial
$1.48M
$1.29M – $1.72M
NOI $103,312 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.22M
$8.06M – $10.75M
NOI $645,120 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Dock-high doors
3
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 60419, IL
21,409
Population
9,006
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
4.2 sq mi
ZIP Area
5,097
Density / Sq Mi
$58,706
Median Household Income
$38,841
Median Earnings
$1,399
Median Rent
$140,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Cook County, IL
Properties on Market for Industrial properties in Cook County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Two tenants occupy the property, with loading access serving each individual unit.
Where is this industrial property located?
The property is located at 805 California Ave. Dolton, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 24,000 square feet across three units of approximately 8,000 square feet each; Fully occupied by two tenants: Sherwin‑Williams and Industrial Tractor Parts; Each unit has a dedicated drive‑in door and dock door
