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    Des Plaines Warehouse Opportunity Title is generated by Realmo AI

    Des Plaines, IL 60007, Des Plaines, IL 60007

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    Claim this Listing
    For Sale
    $1,875,000

    Warehouse with large parking lot and proximity to O'Hare Airport.

    Type:Industrial
    Property size:
    21,300 SF
    Price / SF:
    $88/SF
    Added:
    Jan 26, 2026
    Days on Market:
    158
    Last Refresh:
    Apr 5 at 8:34 pm

    Property Features

    General Information

    Standard status
    Active
    Size
    21,300 SF
    Property subtype
    Industrial

    We can help!

    Contact an agent
    Tommy Engel
    Tommy Engel

    Listing office

    Listing date Jan 26, 2026

    Source Corfac

    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 Tommy Engel

    HighLights

    • Location to new Elmhurst Road/I‑90 4‑way interchange
    • User can occupy within the next ± 6 months
    • Proximity to O'Hare Airport cargo entrances
    • Fully air‑conditioned warehouse
    • 2‑year‑old roof with 18‑year remaining warranty
    • Large parking lot

    Overview

    This 21,300 square foot warehouse property is suitable for either user occupancy or investment. The current tenant intends to vacate early, potentially allowing a user to occupy the space within approximately 6 months. The property benefits from its location near the new Elmhurst Road/I-90 four-way interchange and its proximity to O'Hare Airport cargo entrances. A large parking lot is available. The warehouse is fully air-conditioned and features lab space with floor drains. The roof is approximately 2 years old and has a remaining warranty of 18 years. The location benefits from the availability of a local labor force.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $138.0k $6.48
    − Vacancy −$7.0k −$0.33
    EGI $131.0k $6.15
    − OpEx −$19.6k −$0.92
    NOI $111.3k $5.23
    21,300 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.59M
    $1.39M – $1.86M (±1% cap)
    NOI $111,337 @ 7.0% cap · market cap 5.94%
    Second Best
    Industrial
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,689 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    Office A
    $7.35M
    $6.43M – $8.58M (±1% cap)
    NOI $514,774 @ 7.0% cap · market cap 27.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Public Storage — 1723 Busse Hwy, Des Plaines, IL 60016
    • Thompson's Storage facility — 1800 Busse Hwy, Des Plaines, IL 60016
    • Crozet Self Storage Unit — 1175 lee st, des plaines, il 60016
    • Metro Self Storage - Des Plaines — 1800 Busse Hwy, Des Plaines, IL 60016

    Map

    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.913
    Latitude
    42.0122

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    FAQs

    What type of property is this?
    Warehouse - Warehouse with large parking lot and proximity to O'Hare Airport.
    Where is this warehouse located?
    The property is located at Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: Location to new Elmhurst Road/I‑90 4‑way interchange; User can occupy within the next ± 6 months; Proximity to O'Hare Airport cargo entrances
    (630) 993-3863
    We can help!
    Contact an agent
    Tommy Engel
    Tommy Engel
    Learn More
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