Industrial Manufacturing
9030 Gage Avenue Franklin Park, IL 60131
For Sale
$1,595,000
1967-built industrial/manufacturing facility with a functional layout and I-1 light industrial zoning.
Property Size19,318 SF
Price / SF$82.57
Days on Market15
Property Features for 9030 Gage Avenue
General Information
- Standard status
- Active
- Size
- 19,318 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1967
Listing Agency:
DarwinPW Realty/CORFAC International
(708) 362-0162
Listed By:
Dan Prendergast
(708) 362-0162
Source:
Corfac
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 23 at 5:34PM
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 DarwinPW Realty/CORFAC International
Investment Insights
Based on property information with market context.
This 19,318 SF industrial/manufacturing facility was built in 1967 and is offered for sale with an existing functional building layout designed to support a range of industrial uses. The property is configured for practical operations within its versatile interior space.
Located at 9030 Gage Avenue in Franklin Park, the facility offers proximity to major transportation access and area amenities. River Road is nearby, with 31,000 vehicles per day reported, and the building is also positioned for access to O’Hare.
Zoned I-1 Light Industrial, the property is intended to accommodate light industrial activity within the applicable zoning framework.
Located at 9030 Gage Avenue in Franklin Park, the facility offers proximity to major transportation access and area amenities. River Road is nearby, with 31,000 vehicles per day reported, and the building is also positioned for access to O’Hare.
Zoned I-1 Light Industrial, the property is intended to accommodate light industrial activity within the applicable zoning framework.
Key Highlights
- 19,318 SF industrial/manufacturing facility built in 1967
- I‑1 light industrial zoning
- Functional building layout for industrial/manufacturing use
Financial Insights For Industrial
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 | $125.2k | $6.48 |
| − Vacancy | −$6.4k | −$0.33 |
| EGI | $118.8k | $6.15 |
| − OpEx | −$35.6k | −$1.84 |
| NOI | $83.2k | $4.30 |
19,318 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,157 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.67M
$5.84M – $7.78M
NOI $466,874 @ 7.0% cap · market cap 29.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apex Wire Products ...
Industrial Manufacturer
FAQs
What type of property is this?
Manufacturing property - 1967-built industrial/manufacturing facility with a functional layout and I-1 light industrial zoning.
Where is this manufacturing property located?
The property is located at 9030 Gage Avenue Franklin Park, IL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 19,318 SF industrial/manufacturing facility built in 1967; I‑1 light industrial zoning; Functional building layout for industrial/manufacturing use
