Warehouse with Updated Office
9325 Gulfstream Road, Frankfort, IL 60423
For Sale
$2,076,400
An industrial facility combines open warehouse space with modernized office finishes and dedicated loading access.
Property Size14,320 SF
Price / SF$145
Days on Market190
Property Features for 9325 Gulfstream Road
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Outdoor Storage
Warehouse & Industrial
Clear Height
Office Build-Out
Dock-High Doors
Drive-In Doors
Voltage
Conditioned Warehouse
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Network Property Managment LLC
(815) 955-7038
Listed By:
Joshua Lehane
(708) 873-5540
Source:
Purveyproperties
Added: May 4
Changed: Nov 8
Last Checked: Nov 9 at 2:06AM
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 Property Managment LLC
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Investment Insights
Based on property information with market context.
This 14,320-square-foot warehouse property includes 2,900 square feet of office space with updated finishes. The warehouse offers 18- to 20-foot clear heights, one dock with a sealed leveler, and three drive-in doors: one measuring 14' x 14' and two measuring 12' x 14'. Air conditioning, compressed air throughout, 480/220 power, and a backup generator serve the building. Open yard space is located at the rear.
Built in 1988, the facility is in Will County and offers highway and expressway access. It is configured as a single-tenant building and is offered for sale or lease.
Built in 1988, the facility is in Will County and offers highway and expressway access. It is configured as a single-tenant building and is offered for sale or lease.
Key Highlights
- 14,320‑square‑foot warehouse with 2,900 square feet of updated office space
- 18- to 20‑foot clear height
- One dock with sealed leveler and three drive‑in doors: one 14' x 14' and two 12' x 14'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,852
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,497,040
$1.5M
Cap Rate 7%
$1,069,314
$1.1M
Cap Rate 9%
$831,689
$831.7K
Market Conditions
NOI Build-Up for 14,320 SF
Gross rent
$92.8K $6.48/SF
− Vacancy
−$4.7K −$0.33/SF
EGI
$88.1K $6.15/SF
− OpEx
−$13.2K −$0.92/SF
NOI
$74.9K $5.23/SF
Area
Will 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%
$1,497,040
Cap Rate 7%
$1,069,314
Cap Rate 9%
$831,689
Alternative Uses
Best Use
Warehouse
$1.07M
$935.7K – $1.25M
NOI $74,852 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,344 @ 7.0% cap · market cap 10.95%
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
20 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60423, IL
32,784
Population
11,494
Households
2.9
Avg Household Size
42
Median Age
48%
College-Educated
97%
High-School Grad
37.9 sq mi
ZIP Area
865
Density / Sq Mi
$137,651
Median Household Income
$63,686
Median Earnings
$1,455
Median Rent
$376,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Will County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Vital Records Control — 9303 Gulfstream Rd, Frankfort, IL 60423
- Red Dot Storage — 260 E Laraway Rd, Frankfort, IL 60423
Frequently Asked Questions
What type of property is this?
Warehouse - An industrial facility combines open warehouse space with modernized office finishes and dedicated loading access.
Where is this warehouse located?
The property is located at 9325 Gulfstream Road Frankfort, IL.
What is the asking price?
The asking price for this property is $2,076,400.
What are key features of this property?
This property features: 14,320‑square‑foot warehouse with 2,900 square feet of updated office space; 18- to 20‑foot clear height; One dock with sealed leveler and three drive‑in doors: one 14' x 14' and two 12' x 14'
