Single-Tenant Industrial Building with
For Sale
$3,990,000
8585 S 77th Ave, Bridgeview, IL 60455
Single-tenant industrial asset with 18-foot clear height, multiple loading doors, and an in-place lease through April 2028.
Property Size75,000 SF
Lot Size3.07 Acres
Price / SF$53.20
Days on Market50
Property Features for 8585 S 77th Ave
General Information
Standard status
Active
Size
75,000 SF
Total Parking Spaces
50
Lot size
3.07 Acres
Property subtype
Single-Tenant Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
5
Drive-In Doors
2
Additional Details
Cap Rate
8.18%
Amenities
Single-Tenant 75,000-Square-Foot Industrial Asset Situated on 3.07 Acres
Features 18' Clear Height, Five Dock-High Doors, Two Drive-In Doors, & 50 Parking Spaces
Modified Gross Lease Through April 2028 at $6.26/SF with 3.0% Escalations and Two Three-Year Renewal Options | Below-Market Rent Creates Value-Add Opportunity if Tenant Vacates
Leased to Micron Metal Finishing, LLC, Provider of Industrial Power Coating and Custom Metal Finishing Services
Located Along I-294 with Close Proximity to I-55 and CSX Bedford Park Intermodal
Prime Location in Outperforming North I-55 Corridor Submarket with 3.9% Vacancy Rate and 4.1% Rent Growth During Q2 2026
Building Details
Building Size
75,000 SF
Year Built
1959
Tenancy
Single
Listing Agency:
Marcus & Millichap - Dallas
(312) 327-5401
Listed By:
Zach Orzel · License #License(s): IL: 475.198922
(312) 327-5401
Source:
Marcusmillichap
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 16 at 3:03AM
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 - Dallas
Investment Insights
Based on property information with market context.
This single-tenant industrial property totals 75,000 square feet on 3.07 acres and is configured for manufacturing and related industrial use. The facility offers 18' clear height, five dock-high doors, and two drive-in doors to support a range of loading and receiving needs. With 50 parking spaces on-site, the property is designed to accommodate both employees and visitors.
The building is located at 8585 S 77th Ave in Bridgeview, IL, along Interstate 294, providing access to major transportation routes. The remarks also note proximity to Interstate 55 and the CSX Bedford Park Intermodal, supporting efficient movement of goods within the broader logistics network.
Micron Metal Finishing, LLC currently leases the property through April 2028 on modified gross terms, with 3.0% annual escalations and two three-year renewal options. This structure provides an ongoing income stream for an owner. From a tenant perspective, the clear-height and door configuration support industrial power coating and custom metal finishing operations, and the facility’s established loading setup may align with other light industrial and distribution-oriented uses, subject to applicable requirements.
The building is located at 8585 S 77th Ave in Bridgeview, IL, along Interstate 294, providing access to major transportation routes. The remarks also note proximity to Interstate 55 and the CSX Bedford Park Intermodal, supporting efficient movement of goods within the broader logistics network.
Micron Metal Finishing, LLC currently leases the property through April 2028 on modified gross terms, with 3.0% annual escalations and two three-year renewal options. This structure provides an ongoing income stream for an owner. From a tenant perspective, the clear-height and door configuration support industrial power coating and custom metal finishing operations, and the facility’s established loading setup may align with other light industrial and distribution-oriented uses, subject to applicable requirements.
Key Highlights
- Single‑tenant industrial building built in 1959 offering 75,000 SF on 3.07 acres
- 18' clear height with five dock‑high doors plus two drive‑in doors for flexible loading
- In‑place lease with Micron Metal Finishing, LLC runs through April 2028 at $6.26/SF (modified gross)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$322,850
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,457,000
$6.5M
Cap Rate 7%
$4,612,143
$4.6M
Cap Rate 9%
$3,587,222
$3.6M
Market Conditions
NOI Build-Up for 75,000 SF
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.
Gross rent
$486.0K $6.48/SF
− Vacancy
−$24.8K −$0.33/SF
EGI
$461.2K $6.15/SF
− OpEx
−$138.4K −$1.84/SF
NOI
$322.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,457,000
Cap Rate 7%
$4,612,143
Cap Rate 9%
$3,587,222
Alternative Uses
Best Use
Industrial
$4.61M
$4.04M – $5.38M
NOI $322,850 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.89M
$22.66M – $30.21M
NOI $1,812,586 @ 7.0% cap · market cap 45.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
5
Dock-high doors
2
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Single-tenant industrial asset with 18-foot clear height, multiple loading doors, and an in-place lease through April 2028.
Where is this manufacturing property located?
The property is located at 8585 S 77th Ave Bridgeview, IL.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Single‑tenant industrial building built in 1959 offering 75,000 SF on 3.07 acres; 18' clear height with five dock‑high doors plus two drive‑in doors for flexible loading; In‑place lease with Micron Metal Finishing, LLC runs through April 2028 at $6.26/SF (modified gross)
