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

    2209 Railroad Ave Bellwood, IL 60104

    Sponsored
    For Sale
    $975,000

    8,000 SF Warehouse, Multi-Tenant

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional industrial property, located at 2209 Railroad Avenue in Bellwood, Illinois (zip code 60104), presents a unique investment opportunity. The property consists of four buildings totaling approximately 8,000 square feet situated on a 0.53-acre lot. The asking price is $975,000, translating to $121.88 per square foot. The property is zoned I-2 and features a modified lease type with multi-tenant occupancy. Ideal for contractors, the warehouse boasts significant advantages including eleven drive-in doors, heated warehouse floors, a crane, and drive-thru capabilities within a building featuring 17-foot clear ceilings. The property's location in Cook County offers convenient access to major transportation routes and logistical hubs. This multi-building complex provides ample space and functionality for a variety of industrial uses. The combination of its features, location, and asking price makes this a compelling investment prospect in the thriving Bellwood market. Serious inquiries are encouraged to explore this opportunity further.

    Property Features for 2209 Railroad Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    8,000 SF
    Lot Size
    23,087 SF

    Building Details

    Buildings
    4

    We can help!

    Listing Contact
    Murray Karbin

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    AGD Limestone Works ... Manufacturer Terra Stone Design Stone Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.8602922
    Latitude
    41.8905603

    Nearby Comparable

    • $899,700
      0.05 Acres

      Turnkey Six-Unit Multifamily Property

      Fully occupied six-unit building in Melrose Park, Illinois.
      805 N 22Nd Ave, Melrose Park, IL 60160
      View Details
    • $799,000
      0.23 Acres

      Melrose Park Commercial Opportunity

      Restaurant and bar with real estate for sale in Illinois.
      1911 Rice St, Melrose Park, IL 60160
      View Details
    • $245,000

      Four-Unit Residential Investment Opportunity

      Residential quadplex on a double lot near Senior Suites of Bellwood.
      407 25Th Ave, Bellwood, IL 60104
      View Details
    • $298,000
      0.09 Acres

      Bellwood Income Property on Double Lot

      Fully rented 2-flat on a double lot in Bellwood.
      328 27Th Ave, Bellwood, IL 60104
      View Details
    • $275,000
      5,160 SF

      Bellwood Retail Space - Huge Potential

      Former banquet hall, now adaptable space. Great location, ample parking.
      2817 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $350,000

      Bellwood Brick Duplex For Sale

      Well-maintained duplex in Bellwood with immediate rental income potential.
      2420 Randolph St, Bellwood, IL 60104
      View Details
    • New
      $385,900

      Maywood Multi-Unit Property For Sale

      Two-unit property with a double lot and flexible living arrangements.
      112 S 14Th Ave, Maywood, IL 60153
      View Details
    • New
      $549,000

      Renovated Duplex in Melrose Park

      Turnkey, fully renovated duplex with income potential in Melrose Park.
      1216 N 20Th Ave, Melrose Park, IL 60160
      View Details
    • $395,000

      Bellwood 7-Unit Multifamily Investment

      Seven-unit building, strong cash flow, Bellwood, IL.
      535 24Th Ave, Bellwood, IL 60104
      View Details
    • $850,000
      0.47 Acres

      Bellwood Retail Land - $850K

      High-traffic corner lot, build-to-suit potential.
      545 25Th Ave, Bellwood, IL 60104
      View Details
    • $850,000

      Bellwood Land for Sale

      20,569 SF site at a busy, signalized intersection.
      547 25Th Ave, Bellwood, IL 60104
      View Details
    • $149,900

      Maywood Mixed-Use Investment Opportunity

      High-visibility Maywood building, great potential!
      1222 Saint Charles Rd, Maywood, IL 60153
      View Details

    Nearby Similar for Sale

    • $365,000
      0.10 Acres

      Well-Maintained Two-Unit with Finished Basement

      Updated two-unit property with finished basement and fenced yard.
      3513 Jackson St, Bellwood, IL 60104
      View Details
    • $298,000
      0.09 Acres

      Bellwood Income Property on Double Lot

      Fully rented 2-flat on a double lot in Bellwood.
      328 27Th Ave, Bellwood, IL 60104
      View Details
    • $245,000

      Four-Unit Residential Investment Opportunity

      Residential quadplex on a double lot near Senior Suites of Bellwood.
      407 25Th Ave, Bellwood, IL 60104
      View Details
    • New
      $320,000
      0.17 Acres

      Bellwood Four-Unit Investment Opportunity

      Four-unit property in Bellwood, Illinois, ideal for investors.
      915 Bellwood Ave, Bellwood, IL 60104
      View Details
    • $350,000

      Bellwood Brick Duplex For Sale

      Well-maintained duplex in Bellwood with immediate rental income potential.
      2420 Randolph St, Bellwood, IL 60104
      View Details
    • $365,000
      6,400 SF

      Bellwood Industrial Building - Huge Potential

      6400 sq ft, prime Mannheim Rd location.
      419 Mannheim Rd, Bellwood, IL 60104
      View Details
    • $850,000
      13,500 SF

      Prime Bellwood Office Building

      13,500 SF Office, 0.77 Acres
      4212 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $395,000

      Bellwood 7-Unit Multifamily Investment

      Seven-unit building, strong cash flow, Bellwood, IL.
      535 24Th Ave, Bellwood, IL 60104
      View Details
    • $275,000
      5,160 SF

      Bellwood Retail Space - Huge Potential

      Former banquet hall, now adaptable space. Great location, ample parking.
      2817 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $850,000
      13,500 SF

      Bellwood Office Building - $850K

      13,500 SF Office/Retail Space - Vacant
      4212 St Charles Rd, Bellwood, IL 60104
      View Details
    • $975,000
      1,713 SF

      Bellwood Retail Space - Drive-Thru!

      Freestanding retail building, excellent visibility.
      398 Mannheim Rd, Bellwood, IL 60104
      View Details

    FAQs

    What type of property is this?
    Distribution property - 8,000 SF Warehouse, Multi-Tenant
    Where is this distribution property located?
    The property is located at 2209 Railroad Ave Bellwood, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    Request Owner's contact information
    2209 Railroad Ave Bellwood, IL 60104
    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.
    2209 Railroad Ave
    Bellwood, IL 60104
    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
    2209 Railroad Ave Bellwood, IL 60104
    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
    Murray Karbin
    Real Estate License ID: 471003970
    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.