Climate-Controlled Warehouse with
For Sale
Contact for pricing
8130 River Dr, Morton Grove, IL 60053
Climate-controlled warehouse with 21' clear height, interior dock, and 5,100 SF office, plus 27-car parking.
Property Size31,429 SF
Price / SF$95.45
Days on Market197
Property Features for 8130 River Dr
General Information
Standard status
Active
Size
31,429 SF
Total Parking Spaces
27
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Amenities
climate-controlled warehouse
Listing Agency:
Colliers | Chicago Rosemont
(773) 230-2596
Listed By:
Thomas Rodeno · License #475170890
(773) 230-2596
Source:
Moodyscre
Added: Jan 14
Changed: Jul 28
Last Checked: Jul 30 at 12:39PM
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
Investment Insights
Based on property information with market context.
This climate-controlled warehouse offering includes approximately 31,429 SF total, with 5,100 SF of office space. The warehouse features 21' clear height and an interior dock, supported by two drive-in doors (DIDs). The property also includes 27 car parking spaces.
Located within North Grove Business Park, the site is minutes from I-94 and Touhy Avenue, with easy access to major highways. It is about 0.4 miles from Morton Grove Metra Station and approximately 18 minutes to O’Hare International Airport.
The combination of warehouse height, interior docking, drive-in doors, and on-site office area creates a flexible setup for warehouse-focused operations requiring administrative space.
Located within North Grove Business Park, the site is minutes from I-94 and Touhy Avenue, with easy access to major highways. It is about 0.4 miles from Morton Grove Metra Station and approximately 18 minutes to O’Hare International Airport.
The combination of warehouse height, interior docking, drive-in doors, and on-site office area creates a flexible setup for warehouse-focused operations requiring administrative space.
Key Highlights
- 31,429 SF warehouse/industrial space including 5,100 SF office
- 21' clear height warehouse with climate‑controlled environment
- 1 interior dock and 2 DIDs
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.7k | $6.48 |
| − Vacancy | −$10.4k | −$0.33 |
| EGI | $193.3k | $6.15 |
| − OpEx | −$29.0k | −$0.92 |
| NOI | $164.3k | $5.23 |
31,429 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.35M
$2.05M – $2.74M
NOI $164,282 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.85M
$9.49M – $12.66M
NOI $759,570 @ 7.0% cap · market cap 25.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse with 21' clear height, interior dock, and 5,100 SF office, plus 27-car parking.
Where is this warehouse located?
The property is located at 8130 River Dr Morton Grove, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 31,429 SF warehouse/industrial space including 5,100 SF office; 21' clear height warehouse with climate‑controlled environment; 1 interior dock and 2 DIDs
