Functional Flex
For Sale
Contact for pricing
9030 Gage Ave, Franklin Park, IL 60131
Flex warehouse with a functional layout near O’Hare and high-volume River Road frontage.
Property Size19,318 SF
Price / SF$82.57
Days on Market122
Property Features for 9030 Gage Ave
General Information
Standard status
Active
Size
19,318 SF
Property subtype
INDUSTRIAL
Additional Details
Traffic Count
31,000 vehicles/day
Listing Agency:
DarwinPW Realty/CORFAC International
(630) 782-9520
Listed By:
Dan Prendergast
(708) 362-0162
Source:
Moodyscre
Added: Jul 7
Changed: Nov 3
Last Checked: Nov 4 at 2:35PM
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
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Investment Insights
Based on property information with market context.
This for-sale flex warehouse features a functional building layout designed to support practical day-to-day operations. The property totals 19,318 square feet.
The site is positioned with visibility to River Road, where traffic is reported at 31,000 vehicles per day. It is also noted for its proximity to O’Hare.
Overall, the offering centers on a workable warehouse/flex configuration with a straightforward layout and access to major thoroughfares.
The site is positioned with visibility to River Road, where traffic is reported at 31,000 vehicles per day. It is also noted for its proximity to O’Hare.
Overall, the offering centers on a workable warehouse/flex configuration with a straightforward layout and access to major thoroughfares.
Key Highlights
- High‑volume River Road frontage with 31,000 vehicles per day
- Located near O’Hare for convenient airport access
- Functional building layout for flexible warehouse use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,977
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,019,540
$2.0M
Cap Rate 7%
$1,442,529
$1.4M
Cap Rate 9%
$1,121,967
$1.1M
Market Conditions
NOI Build-Up for 19,318 SF
Gross rent
$125.2K $6.48/SF
− Vacancy
−$6.4K −$0.33/SF
EGI
$118.8K $6.15/SF
− OpEx
−$17.8K −$0.92/SF
NOI
$101.0K $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%
$2,019,540
Cap Rate 7%
$1,442,529
Cap Rate 9%
$1,121,967
Alternative Uses
Best Use
Flex RnD
$2.91M
$2.54M – $3.39M
NOI $203,419 @ 7.0% cap · market cap 12.75%
Second Best
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,977 @ 7.0% cap · market cap 6.33%
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60131, IL
18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,371
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Pasteleria Durango — 3900 25th ave a, schiller park, il 60176
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with a functional layout near O’Hare and high-volume River Road frontage.
Where is this flex space located?
The property is located at 9030 Gage Ave 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: High‑volume River Road frontage with 31,000 vehicles per day; Located near O’Hare for convenient airport access; Functional building layout for flexible warehouse use
