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 Market26
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
(708) 362-0162
Listed By:
Dan Prendergast
(708) 362-0162
Source:
Moodyscre
Added: Jul 7
Changed: Jul 25
Last Checked: Jul 25 at 1:17PM
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 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 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 | $125.2k | $6.48 |
| − Vacancy | −$6.4k | −$0.33 |
| EGI | $118.8k | $6.15 |
| − OpEx | −$17.8k | −$0.92 |
| NOI | $101.0k | $5.23 |
19,318 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
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.
Property Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
617
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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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
