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    12901 Stony Island Ave Chicago, IL 60633
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    12901 Stony Island Ave Chicago, IL 60633

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    • Manufacturing properties
    • 11,000 SF
    • 32.00 lot acres
    For Sale
    $18,000,000
    View Listing →
    32-Acre Site with Rail Access For Sale
    $18,000,000

    32-Acre Site with Rail Access

    32-acre build-to-suit site with rail and barge access.

    12901 S. Stony Island Avenue, Chicago, IL 60633
    View Listing
    Property ID
    US28-1892983
    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

    • Maryland Pig Iron of Illinois / General Contractor

    Property Details for 12901 Stony Island Ave

    Lot size
    32.00 lot acres
    Property size
    11,000 SF
    Property type
    Manufacturing properties
    Property subtype
    Distribution centers

    Description

    This exceptional industrial property in Chicago, IL, offers a unique opportunity for various businesses. Located at 12950 & 12901 S. Stony Island Avenue, zip code 60633, this property encompasses a total of 11,000 square feet of warehouse and manufacturing space within a single-story building featuring a 22-foot ceiling height. The building includes two loading docks with two dock-high doors, providing efficient loading and unloading capabilities. Extensive parking is available, with a total of 108 spaces accommodating various vehicle types. Tenancy is currently multiple, with the entire 11,000 square feet currently vacant. The property sits on a 6.37-acre lot, offering significant flexibility for expansion or future development. Additional land is available across the street, comprising 32 acres with rail and barge access, presenting further development potential for large-scale operations. This expansive site is ideal for a variety of uses, including trailer parking, trucking operations, bulk storage, and more. The property's location in Chicago offers excellent access to major transportation routes, enhancing its logistical advantages. The building's features, combined with the substantial land area and strategic location, make this an unparalleled opportunity for businesses seeking a versatile and expansive industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.579404
    Latitude
    41.660986

    Comparable in this City

    • Contact for pricing
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      580,587 SF

      Chicago Industrial Build-to-Suit Opportunity

      Up to 580,587 SF available for build to suit.
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      32-Acre Build-to-Suit Site

      32-acre build-to-suit site with rail and barge access.
      12901 S Stony Island Ave, Chicago, IL 60633
      View Details
    • Contact for pricing

      Industrial Land For Lease/Sale

      6.37-acre site near I-94, I-294/I-90, and I-57.
      12950 S Stony Island Ave, Chicago, IL 60633
      View Details

    Similar Nearby for Sale

    • $18,000,000
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      32-Acre Site with Rail Access

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      View Details
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      6.37-Acre Site Near I-94

      6.37-acre commercial land with multiple layout options.
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    • $18,000,000

      32-Acre Site with Rail Access

      32-acre build-to-suit site with rail and barge access.
      12901 S Stony Island Ave, Chicago, IL 60633
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,400 SF

      Industrial Buildings with Marine Access

      Three industrial buildings available for lease on 18.2 acres.
      12500 S Stony Island Ave, Chicago, IL 60633
      View Details
    • Contact for pricing
      580,587 SF

      Chicago Industrial Build-to-Suit Opportunity

      Up to 580,587 SF available for build to suit.
      3140 East 122Nd St, Chicago, IL 60633
      View Details
    • Contact for pricing

      32-Acre Build-to-Suit Site

      32-acre build-to-suit site with rail and barge access.
      12901 S Stony Island Ave, Chicago, IL 60633
      View Details
    • Contact for pricing

      Industrial Land For Lease/Sale

      6.37-acre site near I-94, I-294/I-90, and I-57.
      12950 S Stony Island Ave, Chicago, IL 60633
      View Details
    View Listing
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    Chicago, IL 60633
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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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