Industrial Building with
9128 Belmont Ave Franklin Park, IL 60131
9128 Belmont Ave, Franklin Park, IL, 60131
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For Sale
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Approximately 25,000 sq. ft. industrial building with warehouse space, finished front office, and loading access.
Property Size25,000 SF
Lot Size1.16 Acres
Price / SF$90
Days on Market121
Property Features for 9128 Belmont Ave
General Information
- Standard status
- Active
- Size
- 25,000 SF
- Lot size
- 1.16 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing agency
Network Real Estate Group
(708) 927-8000
Listed by
Neil Haleem · License #IL 37077037778HN
Source
Crexi
Added: Mar 23 Updated: Jul 20 at 6:32PM Checked: Jul 20 at 6:32PM
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 Network Real Estate Group
Investment Insights
Based on property information with market context.
This approximately 25,000-square-foot industrial building sits on a 1.16-acre lot and is laid out for day-to-day operational use. The facility includes approximately 22,300 square feet of warehouse space paired with about 2,700 square feet of finished front office area. Ceiling heights in the warehouse range from approximately 12 to 15 feet, supporting a range of storage and workflow needs.
The property features a wide loading dock to support shipping and receiving, along with two overhead doors for convenient access for deliveries and equipment movement. A newer sprinkler system has been installed, adding to the building’s present-day readiness.
The office portion is positioned at the front to create a more professional entrance while separating administrative and client-facing functions from the warehouse floor. The site’s size provides room for parking and truck maneuvering, with potential for outdoor storage subject to zoning.
The property features a wide loading dock to support shipping and receiving, along with two overhead doors for convenient access for deliveries and equipment movement. A newer sprinkler system has been installed, adding to the building’s present-day readiness.
The office portion is positioned at the front to create a more professional entrance while separating administrative and client-facing functions from the warehouse floor. The site’s size provides room for parking and truck maneuvering, with potential for outdoor storage subject to zoning.
Key Highlights
- Approximately 25,000 sq. ft. industrial building on a 1.16‑acre lot with warehouse plus finished front office space
- 22,300 sq. ft. of warehouse space with ceiling heights of approximately 12 to 15 feet for racking and storage flexibility
- 2,700 sq. ft. finished front office area for administrative space, including potential reception, conference, and management areas
Local 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 | $162.0k | $6.48 |
| − Vacancy | −$8.3k | −$0.33 |
| EGI | $153.7k | $6.15 |
| − OpEx | −$23.1k | −$0.92 |
| NOI | $130.7k | $5.23 |
25,000 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$4.92M
$4.31M – $5.75M
NOI $344,709 @ 7.0% cap · market cap 15.32%
Second Best
Flex RnD
$3.76M
$3.29M – $4.39M
NOI $263,250 @ 7.0% cap · market cap 11.70%
Theoretical Best
Office A
$8.63M
$7.55M – $10.07M
NOI $604,195 @ 7.0% cap · market cap 26.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spectra-Tex Airbrush Colors
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Approximately 25,000 sq. ft. industrial building with warehouse space, finished front office, and loading access.
Where is this flex space located?
The property is located at 9128 Belmont Ave Franklin Park, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approximately 25,000 sq. ft. industrial building on a 1.16‑acre lot with warehouse plus finished front office space; 22,300 sq. ft. of warehouse space with ceiling heights of approximately 12 to 15 feet for racking and storage flexibility; 2,700 sq. ft. finished front office area for administrative space, including potential reception, conference, and management areas
