Machesney Park Industrial
For Sale
Contact for pricing
9628 Forest Hills Rd, Machesney Park, IL
30,000 SF industrial space ideal for warehousing and logistics.
Property Size30,000 SF
Lot Size5.55 Acres
Price / SF$80
Days on Market316
Property Features for 9628 Forest Hills Rd
General Information
Standard status
Active
Size
30,000 SF
Lot size
5.55 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 9628 Forest Hills Rd
9628 Forest Hills Rd.
AVAILABLE
Size
30,000 SF
Type
INDUSTRIAL
Lease Type
NNN
Position your operation for success at 9628 Forest Hills Rd. - a fully conditioned 30,000sf industrial asset in the heart of Machesney Park’s commercial corridor.
Zoned for industrial use and offering both interior adaptability and valuable exterior yard potential, this property presents an ideal solution for warehousing, logistics, office, and flex-space users.
+ Climate-controlled throughout
+ Perfect for food grade warehousing
+ Fully Sprinklered
+ Expandable to 50,000sf
+ Ample on-site vehicle parking available
+ Outdoor Storage Potential
+ Convenient proximity to I-90 and IL-251
+ 217,000+ population within 10-mile radius
Contact us
Listing Agency:
Keller Williams Realty Signature LP2
(815) 200-6004
Listed By:
Nathan Bryant, CCIM · License #471013468
(815) 218-1371
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Oct 3
Last Checked: Oct 4 at 8:26AM
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 Keller Williams Realty Signature LP2
Investment Insights
Based on property information with market context.
Located in Machesney Park's expanding industrial corridor, the property at 9628 Forest Hills Rd. offers 30,000 square feet of industrial space suitable for warehousing, logistics, office, and flex-space users. Zoned for industrial use, the property provides interior adaptability and exterior yard potential. The building is fully climate-controlled and sprinklered, making it suitable for food grade warehousing. Ample on-site vehicle parking is available, along with outdoor storage potential. The location offers convenient proximity to I-90 and IL-251. The surrounding area has a population of over 217,000 within a 10-mile radius.
Key Highlights
- Fully climate‑controlled 30,000sf industrial space, ideal for food grade warehousing.
- Zoned for industrial use with interior adaptability for warehousing, logistics, office, and flex‑space users.
- Outdoor storage potential and ample on‑site vehicle parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,960
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,399,200
$4.4M
Cap Rate 7%
$3,142,286
$3.1M
Cap Rate 9%
$2,444,000
$2.4M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$360.0K $12.00/SF
− Vacancy
−$21.6K −$0.72/SF
EGI
$338.4K $11.28/SF
− OpEx
−$118.4K −$3.95/SF
NOI
$220.0K $7.33/SF
Area
Rockford, IL
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,399,200
Cap Rate 7%
$3,142,286
Cap Rate 9%
$2,444,000
Alternative Uses
Best Use
Warehouse
$3.50M
$3.06M – $4.08M
NOI $245,014 @ 7.0% cap · market cap 10.21%
Second Best
Flex RnD
$3.14M
$2.75M – $3.67M
NOI $219,960 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$7.98M
$6.98M – $9.31M
NOI $558,576 @ 7.0% cap · market cap 23.27%
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
496
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Storage Rentals of America — 1243 Shappert Dr, Machesney Park, IL 61115
- DLXRV & Boat Storage — 10012 Forest Hills Rd, Machesney Park, IL 61115
Frequently Asked Questions
What type of property is this?
Warehouse - 30,000 SF industrial space ideal for warehousing and logistics.
Where is this warehouse located?
The property is located at 9628 Forest Hills Rd Machesney Park, IL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Fully climate‑controlled 30,000sf industrial space, ideal for food grade warehousing.; Zoned for industrial use with interior adaptability for warehousing, logistics, office, and flex‑space users.; Outdoor storage potential and ample on‑site vehicle parking.
