Food Building with Cooler/Freezer
For Sale
Contact for pricing
143 W 154th St, South Holland, IL 60473
44,000 SF food building with leaseback opportunity.
Property Size44,000 SF
Price / SF$93.18
Days on Market879
Property Features for 143 W 154th St
General Information
Standard status
Active
Size
44,000 SF
Property subtype
Industrial
Zoning
Light Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Building Details
Year Built
1972
Year Renovated
2022
Tenancy
Single
Listing Agency:
eXp Commercial, LLC.
Listed By:
Jordan Schnoll · License #IL 471000799
(847) 644-2757
Source:
Crexi
Added: May 10, 2024
Changed: Oct 1
Last Checked: Oct 4 at 6:19AM
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 eXp Commercial, LLC.
Investment Insights
Based on property information with market context.
This 44,000 square foot food building includes 21,000 square feet of cooler and freezer space. The seller is open to leasing back the property for a term of 5 to 7 years. Contact listing broker for more details on leaseback terms.
Key Highlights
- 44,000 SF food building
- Boasting 21,000 SF of cooler/freezer space
- Seller will leaseback the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,992
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,599,840
$4.6M
Cap Rate 7%
$3,285,600
$3.3M
Cap Rate 9%
$2,555,467
$2.6M
Market Conditions
NOI Build-Up for 44,000 SF
Gross rent
$285.1K $6.48/SF
− Vacancy
−$14.5K −$0.33/SF
EGI
$270.6K $6.15/SF
− OpEx
−$40.6K −$0.92/SF
NOI
$230.0K $5.23/SF
Area
Cook 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%
$4,599,840
Cap Rate 7%
$3,285,600
Cap Rate 9%
$2,555,467
Alternative Uses
Best Use
Warehouse
$3.29M
$2.87M – $3.83M
NOI $229,992 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.19M
$13.29M – $17.72M
NOI $1,063,384 @ 7.0% cap · market cap 25.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 60473, IL
21,661
Population
7,969
Households
2.7
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,777
Density / Sq Mi
$88,046
Median Household Income
$40,903
Median Earnings
$1,914
Median Rent
$200,000
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?
Refrigerated & cold storage - 44,000 SF food building with leaseback opportunity.
Where is this refrigerated & cold storage located?
The property is located at 143 W 154th St South Holland, IL.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 44,000 SF food building; Boasting **21,000 SF of cooler/freezer space**; Seller will leaseback the property
