Schiller Park Freestanding Industrial
For Sale
$3,068,356
9515 Winona Avenue, Schiller Park, IL 60176
Freestanding industrial facility with heavy power and central location.
Property Size54,511 SF
Price / SF$56.29
Days on Market195
Property Features for 9515 Winona Avenue
General Information
Standard status
Active
Size
54,511 SF
Property subtype
Industrial
Listing Agency:
CBRE - Corporate
Listed By:
Cal Payne
(312) 343-7707
Source:
Cbre
Added: Mar 25
Changed: Sep 21
Last Checked: Oct 4 at 7:27AM
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 CBRE - Corporate
Investment Insights
Based on property information with market context.
This is a free-standing, single-tenant industrial facility. The property features heavy power that is well distributed throughout. Its central location provides quick access to I-90, I-294, I-190, and Mannheim Road. A dedicated car parking lot is available, with potential for outside storage. The property also presents the potential for a two-unit or owner-occupied layout. The property size is 54511 square feet.
Key Highlights
- Central location with quick access to I‑90, I‑294, I‑190, and Mannheim Road
- Heavy power well distributed throughout facility
- Free‑standing, single‑tenant facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,652
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,693,040
$4.7M
Cap Rate 7%
$3,352,171
$3.4M
Cap Rate 9%
$2,607,244
$2.6M
Market Conditions
NOI Build-Up for 54,511 SF
Gross rent
$353.2K $6.48/SF
− Vacancy
−$18.0K −$0.33/SF
EGI
$335.2K $6.15/SF
− OpEx
−$100.6K −$1.84/SF
NOI
$234.7K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,693,040
Cap Rate 7%
$3,352,171
Cap Rate 9%
$2,607,244
Alternative Uses
Best Use
Flex RnD
$8.20M
$7.18M – $9.57M
NOI $574,001 @ 7.0% cap · market cap 18.71%
Second Best
Industrial
$3.35M
$2.93M – $3.91M
NOI $234,652 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$18.82M
$16.47M – $21.96M
NOI $1,317,411 @ 7.0% cap · market cap 42.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60176, IL
11,714
Population
4,423
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
87%
High-School Grad
2.5 sq mi
ZIP Area
4,686
Density / Sq Mi
$67,473
Median Household Income
$41,106
Median Earnings
$1,214
Median Rent
$276,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial facility with heavy power and central location.
Where is this flex space located?
The property is located at 9515 Winona Avenue Schiller Park, IL.
What is the asking price?
The asking price for this property is $3,068,356.
What are key features of this property?
This property features: Central location with quick access to I‑90, I‑294, I‑190, and Mannheim Road; Heavy power well distributed throughout facility; Free‑standing, single‑tenant facility
