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Property profile & analytics
OFF-MARKET
Warehouses

9865 Leland Ave Schiller Park, IL 60176

25,800 SF 1.05 ac lot
Property ID
Property summary
AI-generated overview

This exceptional net-leased industrial property, located in Schiller Park, Illinois, presents a compelling investment opportunity. The property encompasses 25,800 square feet situated on a 1.05-acre lot, and boasts 100% occupancy across four tenants. Three of these tenants have occupied the space since the 1990s, demonstrating remarkable long-term commitment and stability. The property's strategic location near O'Hare International Airport in the highly desirable O'Hare Industrial Submarket provides excellent access to major transportation routes and a robust workforce. Further enhancing its appeal, the roof was completely replaced in 2020, carrying a 20-year warranty, significantly reducing future capital expenditure concerns for the new owner. The existing leases offer a blend of short-term agreements and modified gross structures, presenting a clear path for value enhancement. A savvy investor can capitalize on this by converting leases to triple-net (NNN) structures with future tenants, should vacancies arise. The property generates a substantial net operating income (NOI) of $125,874, making it an attractive addition to any portfolio. The asking price for this exceptional investment is $1,950,000. The property consists of two addresses: 9865 Leland Ave and 4645 25th Ave, both in Schiller Park, IL 60176, within Cook County.

Property profile
Verified
Property type Warehouses
Total area 25,800 SF
Lot 1.05 ac (45,738 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Camelot Company Customs Broker
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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