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    1610 Design Way Dupo, IL 62239

    Sponsored
    For Lease
    $4 SF/Yr

    Large industrial warehouse, multiple suites available. Ideal for various businesses.

    Lot size:
    250,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional industrial warehouse property, located at 1610 Design Way in Dupo, Illinois, offers a significant opportunity for businesses seeking expansive space. The property encompasses a total of 250,560 square feet, currently fully vacant and available for lease. The building is divided into two suites, with a minimum divisible space of 40,000 square feet and a maximum contiguous space of 210,560 square feet, providing flexibility for various tenant needs. Built in 1999 and renovated in 2009, the warehouse boasts a 25-foot ceiling height, facilitating efficient storage and operations. Thirteen dock-high doors ensure convenient loading and unloading, while ample parking is provided with 221 spaces. The property sits on a substantial 20.3-acre lot in St. Clair County, offering significant room for expansion or outdoor operations. Power is robust, featuring 19,000 Amps, 277/480V, 3-phase, 4-wire service. The property's strategic location in Dupo, IL, zip code 62239, offers easy access to major transportation routes. This is a rare opportunity to secure a large, well-maintained industrial warehouse in a prime location. Contact us today to learn more about leasing options.

    Property Features for 1610 Design Way

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    250,560 SF
    Total Rate
    88740

    Building Details

    Year Built/Renovated
    1999/2009

    Unit(s) available at that property

    Space
    Section A
    Size
    210,560 SF
    Rate per SF
    $4
    Space
    Section B
    Size
    40,000 SF
    Rate per SF
    $4

    We can help!

    Listing Contact
    Zachary Binswanger
    Zachary Binswanger

    Learn more

    Property Insight Report

    HighLights

    • 210,560 SF Available January 1, 2023
    • 9,400 SF of Office Space Available
    • 10,000 SF of Climate‑Controlled Tech Space Available
    • 40,000 SF Available January 1, 2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Wiman Corporation Plastic Fabrication Company The Miller Group Manufacturer

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Food Market Storage Facility Bar & Pub Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dupo
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.1913224
    Latitude
    38.5291431

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Distribution property - Large industrial warehouse, multiple suites available. Ideal for various businesses.
    Where is this distribution property located?
    The property is located at 1610 Design Way Dupo, IL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 210,560 SF Available January 1, 2023; 9,400 SF of Office Space Available; 10,000 SF of Climate-Controlled Tech Space Available
    Request Owner's contact information
    1610 Design Way Dupo, IL 62239
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    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
    1610 Design Way Dupo, IL 62239
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    We can help!
    Listing Contact
    Zachary Binswanger
    Zachary Binswanger
    Real Estate License ID: PA
    Learn more
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