Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1125 Sycamore Rd Manteno, IL 60950

    Sponsored
    For Lease
    Contact for pricing

    Illinois Cold Storage Warehouse, 3M+ SF

    Lot size:
    3,648,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Manteno, Illinois industrial property, located at 1125 Sycamore Rd, 60950, offers an unparalleled opportunity. The 3,648,020 square foot facility sits on a substantial 34-acre lot in Kankakee County and boasts a flexible layout ideal for various commercial uses. Currently entirely vacant, the property features six suites, with minimum divisible space of 261,800 square feet and maximum contiguous space of 1,231,040 square feet. Built in 1999, this two-story building includes 84 dock-high doors and ample parking for 510 vehicles. High ceilings ranging from 41 to 50 feet provide significant vertical space. The property is equipped with robust power options, including 3,000 amp and 4,000 amp service at 277/480 volts. Its strategic location and significant size make it a prime candidate for large-scale distribution, cold storage, or warehousing operations. The expansive acreage allows for future expansion or development to meet evolving business needs. This is a rare opportunity to acquire a substantial, fully vacant industrial complex in a prime location. The property's features, including its size, power capacity, and cold storage capabilities, make it a highly desirable asset for businesses seeking significant space and operational flexibility.

    Property Features for 1125 Sycamore Rd

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,648,020 SF

    Building Details

    Year Built
    1999
    Stories
    2

    Unit(s) available at that property

    Space
    Scenario #2 Building 2
    Size
    261,800 SF
    Space
    Scenario #2 Building 1
    Size
    693,690 SF
    Space
    Scenario #2 Building 3
    Size
    261,800 SF
    Space
    Scenario #1 Bldg 1
    Size
    693,690 SF
    Space
    Scenario #1 Bldg 2
    Size
    506,000 SF
    Space
    Scenario #3 Bldg 1
    Size
    1,231,040 SF

    We can help!

    Listing Contact
    Kelly Disser
    Kelly Disser

    Learn more

    Property Insight Report

    HighLights

    • 3,648,020 SF industrial facility on a 34‑acre lot in Manteno, IL.
    • Six suites available, with minimum 261,800 SF and maximum 1,231,040 SF contiguous space.
    • 41‑50' clear height ceilings.
    • 84 dock‑high doors and parking for 510 vehicles.
    • 3,000 amp and 4,000 amp, 277/480‑volt power service.
    • Concrete tilt‑up construction (1999).
    Property Profile Location Intelligence

    Current Use by Public Records

    McKesson Distribution Center Warehouse

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8258079
    Latitude
    41.2381249

    Nearby Comparable

    • $11 SF/Yr
      1,178 SF

      Standard Office Space Available

      Office space with private offices, restrooms, and secure storage.
      160-190 S Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Versatile Commercial Space with Utilities

      Warehouse, office, and retail spaces available with utilities included.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Commercial Space For Lease

      Office and retail spaces available in high-traffic Manteno location.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Commercial Space For Rent

      Heated warehouse and office/retail spaces available in Manteno, Illinois.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Retail Space For Lease

      Retail spaces available in high-traffic Manteno location.
      350 N Locust St, Manteno, IL 60950
      View Details
    • $24 SF/Yr
      1,500 SF

      Retail Space in Manteno, IL

      1500 SF retail space available for lease.
      46 E Division St, Manteno, IL 60950
      View Details
    • $12 SF/Yr
      4,600 SF

      Manteno Retail & Industrial Space

      Flexible Spaces, High Traffic Location
      350 Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing
      1,672 SF

      Manteno Executive Office Space

      Prime Office, 1672 sq ft, Available Now
      303 Section Line Rd, Manteno, IL 60950
      View Details
    • $2,000 /Mo
      1,400 SF

      Charming Home Near Walking Trail

      Two-bedroom home with scenic walking trail access and local amenities.
      477 Water Tower Rd, Manteno, IL 60950
      View Details
    • $4 SF/Yr
      120,000 SF

      Bourbonnais Warehouse Space Available

      120,000 square foot warehouse in Bourbonnais, Illinois for lease.
      1115 E 5000N Rd, Bourbonnais, IL 60914
      View Details
    • $10 SF/Yr
      111,600 SF

      New Distribution Warehouse Near I-57

      Divisible 111,600 SF warehouse near I-57 and Bourbonnais Pwy.
      I-57, Bourbonnais, IL
      View Details
    • $185 SF/Yr
      1,400 SF

      Bourbonnais Office Suite - 1400 SF

      Prime Bourbonnais Office Space, High Traffic Location
      1511 Convent St, Bourbonnais, IL 60914
      View Details

    Nearby Similar for Lease

    • Contact for pricing

      Manteno Commercial Space For Rent

      Heated warehouse and office/retail spaces available in Manteno, Illinois.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Versatile Commercial Space with Utilities

      Warehouse, office, and retail spaces available with utilities included.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Commercial Space For Lease

      Office and retail spaces available in high-traffic Manteno location.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Retail Space For Lease

      Retail spaces available in high-traffic Manteno location.
      350 N Locust St, Manteno, IL 60950
      View Details
    • $12 SF/Yr
      4,600 SF

      Manteno Retail & Industrial Space

      Flexible Spaces, High Traffic Location
      350 Locust St, Manteno, IL 60950
      View Details
    • $2,000 /Mo
      1,400 SF

      Charming Home Near Walking Trail

      Two-bedroom home with scenic walking trail access and local amenities.
      477 Water Tower Rd, Manteno, IL 60950
      View Details
    • Contact for pricing
      1,672 SF

      Manteno Executive Office Space

      Prime Office, 1672 sq ft, Available Now
      303 Section Line Rd, Manteno, IL 60950
      View Details
    • $11 SF/Yr
      1,178 SF

      Standard Office Space Available

      Office space with private offices, restrooms, and secure storage.
      160-190 S Locust St, Manteno, IL 60950
      View Details
    • $24 SF/Yr
      1,500 SF

      Retail Space in Manteno, IL

      1500 SF retail space available for lease.
      46 E Division St, Manteno, IL 60950
      View Details

    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Illinois Cold Storage Warehouse, 3M+ SF
    Where is this refrigerated / cold storage located?
    The property is located at 1125 Sycamore Rd Manteno, IL.
    What are key features of this property?
    This property features: 3,648,020 SF industrial facility on a 34-acre lot in Manteno, IL.; Six suites available, with minimum 261,800 SF and maximum 1,231,040 SF contiguous space.; 41-50' clear height ceilings.
    Request Owner's contact information
    1125 Sycamore Rd Manteno, IL 60950
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1125 Sycamore Rd
    Manteno, IL 60950
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1125 Sycamore Rd Manteno, IL 60950
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kelly Disser
    Kelly Disser
    Real Estate License ID: IL 475133590
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.