Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4164 May St Hillside, IL 60162

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6,167 SF Manufacturing Facility, 1.77 Acres

    Lot size:
    6,167 SF

    Property Features for 4164 May St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,167 SF
    Class
    B
    Total Rate
    16059.9

    Spaces For Lease

    at 4164 May St, Hillside, IL 60162 Contact us
    Unit Suite 4164

    $31 /Mo

    Size
    6,167 SF
    Contact us

    We can help!

    Listing Contact
    Jason Shibata
    Jason Shibata

    Listing Agency: JBS Commercial Real Estate Listing Agent: Jason Shibata

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 6,167-square-foot industrial property, located at 4164 May Street in Hillside, Illinois, presents a compelling opportunity for businesses seeking a versatile manufacturing or truck repair and storage facility. Situated on a generous 1.77-acre lot in Cook County, this single-tenant building offers ample space and convenient access. The property boasts a Class B rating and features impressive ceiling heights ranging from 16 to 18 feet, providing significant vertical storage capacity. Five convenient drive-in doors ensure efficient loading and unloading operations, streamlining workflow and maximizing productivity. The entire 6,167 square feet is currently vacant, allowing for immediate occupancy and customization to meet specific operational needs. Its strategic location provides easy access to I-290, enhancing logistical efficiency and simplifying transportation to and from the site. The expansive lot size offers additional outdoor storage or expansion potential, making this property an ideal solution for businesses requiring both indoor and outdoor space. The property's zip code is 60162. This is a rare opportunity to acquire a well-located, functional industrial space in a thriving area.
    Property Profile Location Intelligence

    Current Use by Public Records

    CON MOLD Corporation Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillside
    County
    Cook
    State
    Illinois
    Longitude
    -87.8872297
    Latitude
    41.8642602

    Nearby Similar for Lease

    • Contact for pricing
      19,725 SF

      Retail Center with Highway Visibility

      Retail property with high traffic, multiple access points, and signage.
      30 South Mannheim Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      17,308 SF

      Renovated Office Space for Rent

      Professionally managed, renovated office space with excellent visibility and access.
      4600 W Roosevelt Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      1,525 SF

      Retail Space with Highway Visibility

      Retail space with high traffic and excellent visibility.
      318 Center St, Hillside, IL 60162
      View Details
    • $16 SF/Yr
      19,000 SF

      Hillside Office Space For Rent

      Turn-key ready office spaces in well-maintained Hillside building.
      4410 Roosevelt Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      1,290 SF

      New Construction Medical/Office/Retail Space

      New construction space suitable for medical, office, or retail tenants.
      4152 Roosevelt Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      9,315 SF

      Former Daycare Center For Lease

      Former daycare center with dedicated parking available for lease.
      4600 N Frontage Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      5,000 SF

      Single Story Office Space

      Professionally managed office space with easy access and courtyard.
      4413 Roosevelt Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      36,625 SF

      Industrial Space with Dock Doors

      36,625 SF industrial unit with docks and drive-ins.
      4160 Madison St, Hillside, IL 60162
      View Details
    • Contact for pricing
      600 SF

      Professional Office Space Available

      Turn-key office space with private offices and high-end finishes.
      4414 Roosevelt Rd, Hillside, IL 60162
      View Details
    • $14 SF/Yr
      192,000 SF

      Hillside Office Space: Prime Location

      Executive & Traditional Suites Available in Hillside, IL
      4415 Harrison St, Hillside, IL 60162
      View Details
    • Contact for pricing
      350,000 SF

      Hillside Town Center Retail Space

      High-traffic retail space, multiple units available.
      30 Mannheim Rd, Hillside, IL 60162
      View Details
    • $15 SF/Yr
      3,000 SF

      Hillside Plaza Retail Center

      Multi-tenant retail space, prime location.
      4731 Butterfield Rd, Hillside, IL 60162
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 6,167 SF Manufacturing Facility, 1.77 Acres
    Where is this manufacturing property located?
    The property is located at 4164 May St Hillside, IL.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: Professionally managed investment-grade property.; 1.77 acres of paved outdoor storage.; Excellent location near restaurants, hotels, and shopping.
    (312) 462-1022 Call to check price and availability
    Request Owner's contact information
    4164 May St Hillside, IL 60162
    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.
    4164 May St
    Hillside, IL 60162
    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
    4164 May St Hillside, IL 60162
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Shibata
    Jason Shibata
    Real Estate License ID: 471011705
    (312) 462-1022 (312) 462-1020
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!