Industrial Flex Space with Crane
For Sale
Contact for pricing
9735 Industrial Drive, Bridgeview, IL 60455
I-2-zoned facility combines warehouse, repair, office, and heavy-transport infrastructure for industrial operations.
Property Size25,000 SF
Price / SF$260
Days on Market9
Property Features for 9735 Industrial Drive
General Information
Standard status
Active
Size
25,000 SF
Class
B
Property subtype
Industrial
Zoning
I-2
Occupancy
62%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1980
Year Renovated
1990
Buildings
2
Stories
2
Tenancy
Single
Listing Agency:
SVN Chicago Commercial
(312) 676-1878
Listed By:
Dione Durham · License #475212187
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 10 at 2:40AM
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 SVN Chicago Commercial
Investment Insights
Based on property information with market context.
This industrial flex facility includes approximately 25,000 SF of improvements across 2.13 acres. The building contains an approximately 16,000 SF warehouse with 20-foot clear height, approximately 8,600 SF of office area, truck maintenance and repair bays, a parts room, and a 20-foot crane bay. Four overhead doors, including one measuring 22 feet by 14 feet, support truck and fleet activity. Additional features include mezzanine storage, multiple conference rooms, a reception area, full sprinkler coverage, and 3-phase/800-amp electrical service.
The site has 220 feet of frontage along I-294 and is positioned near a full four-way interchange located 0.5 miles away. Midway Airport is 9.3 miles from the property, while O'Hare International Airport is within 26 miles. The Chicago CBD is 22 miles northeast, and more than 273,000 residents are located within a 5-mile radius. A two-sided billboard faces I-294, with reported exposure to 150,700 vehicles per day.
The site has 220 feet of frontage along I-294 and is positioned near a full four-way interchange located 0.5 miles away. Midway Airport is 9.3 miles from the property, while O'Hare International Airport is within 26 miles. The Chicago CBD is 22 miles northeast, and more than 273,000 residents are located within a 5-mile radius. A two-sided billboard faces I-294, with reported exposure to 150,700 vehicles per day.
Key Highlights
- Approximately 25,000 SF of building area on 2.13 acres
- Approximately 16,000 SF warehouse with 20' clear height
- Approximately 8,600 SF of office space plus repair bays and dedicated parts room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$344,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,894,180
$6.9M
Cap Rate 7%
$4,924,414
$4.9M
Cap Rate 9%
$3,830,100
$3.8M
Market Conditions
NOI Build-Up for 25,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$612.0K $24.48/SF
− Vacancy
−$152.4K −$6.10/SF
EGI
$459.6K $18.38/SF
− OpEx
−$114.9K −$4.60/SF
NOI
$344.7K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,894,180
Cap Rate 7%
$4,924,414
Cap Rate 9%
$3,830,100
Alternative Uses
Best Use
Office B
$4.92M
$4.31M – $5.75M
NOI $344,709 @ 7.0% cap · market cap 5.30%
Second Best
Flex RnD
$3.76M
$3.29M – $4.39M
NOI $263,250 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$8.63M
$7.55M – $10.07M
NOI $604,195 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-2-zoned facility combines warehouse, repair, office, and heavy-transport infrastructure for industrial operations.
Where is this flex space located?
The property is located at 9735 Industrial Drive Bridgeview, IL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approximately 25,000 SF of building area on 2.13 acres; Approximately 16,000 SF warehouse with 20' clear height; Approximately 8,600 SF of office space plus repair bays and dedicated parts room
