Industrial Manufacturing
For Sale
$1,595,000
9030 Gage Avenue, Franklin Park, IL 60131
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 Market106
Property Features for 9030 Gage Avenue
General Information
Standard status
Active
Size
19,318 SF
Property subtype
Industrial
Zoning
I-1
Additional Details
Traffic Count
31,000 vehicles/day
Building Details
Building Size
19,318 SF
Year Built
1967
Listing Agency:
DarwinPW Realty/CORFAC International
Listed By:
Dan Prendergast
(708) 362-0162
Source:
Corfac
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 20 at 6:55PM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$83,157
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,140
$1.7M
Cap Rate 7%
$1,187,957
$1.2M
Cap Rate 9%
$923,967
$924.0K
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
−$35.6K −$1.84/SF
NOI
$83.2K $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 Rate 5%
$1,663,140
Cap Rate 7%
$1,187,957
Cap Rate 9%
$923,967
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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
