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    1275 W Roosevelt Rd West Chicago, IL 60185
    Property profile & analytics

    1275 W Roosevelt Rd West Chicago, IL 60185

    View on Map
    • Industrial properties
    • 56,067 SF
    • 5.07 lot acres
    For Lease
    $4,625,000
    View Listing →
    Premier Business Destination on Roosevelt For Lease
    $4,625,000

    Premier Business Destination on Roosevelt

    Flex/industrial space with private entries, ample parking, and great accessibility.

    1275 W Roosevelt Rd, West Chicago, IL 60185
    View Listing
    Property ID
    US28-5719884
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tuscany Wines of Illinois / Brewery & Distillery / Big Box & Wholesale Store
    • Principe di Venezia / Brewery & Distillery / Big Box & Wholesale Store
    • Rallo Gioielli / Production Facility
    • ForeverDiamond / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • MED TECH HYGIENICS / Factory / Industrial Manufacturer

    Property Details for 1275 W Roosevelt Rd

    Lot size
    5.07 lot acres
    Property size
    56,067 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    04-08-406-011
    APU
    408406011

    Description

    This exceptional 54,820-square-foot multi-tenant property, located at 1275 W. Roosevelt Road in West Chicago, Illinois, offers a unique blend of office and warehouse space. Built in 1986, the building sits on a 5.07-acre lot and is zoned ORI (Office/Research/Light Industrial), providing flexibility for a variety of businesses. Currently, there is 2,541 square feet of vacant executive office space available. The property boasts ample parking and excellent visibility along Illinois Route 38 (Roosevelt Road), experiencing a high volume of 29,200 vehicles per day. Its strategic location provides easy access to I-88 and I-355 via Roosevelt Road and Route 59. The building features individual HVAC control and private entry for the available suite. The surrounding area offers a vibrant community with numerous amenities, including the nearby West Chicago Prairie Nature Preserve. This location provides an ideal combination of accessibility and convenient amenities for industrial and flex space tenants. The property consists of a single suite. DuPage County location and 60185 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,025,000
      6.5%
      $3,715,000
      7%
      $3,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,422,000
      Market price range: $3.59M - $6.29M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,925,000
      Current use
      WAREHOUSE, STORAGE
      $5,840,000
      Change: +19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Chicago
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2295
    Latitude
    41.8748
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $120,070
    $220,830
    $1,073,680
    $1,294,510
    -
    $662,490
    $3,221,040
    $3,883,530

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    Similar Nearby for Lease

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      Industrial Property for Lease

      Industrial property available for lease in West Chicago, Illinois.
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      17,240 SF

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      Industrial property available for sublease through February 15, 2027.
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      2,200 SF

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      10,367 SF

      West Chicago Warehouse Space Available

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    • $10 SF/Yr
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    View Listing
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    1275 W Roosevelt Rd
    West Chicago, IL 60185
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    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.

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