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    OFF-MARKET
    Industrial properties

    514 Hicks Rd, Palatine, IL 60067

    3.21 ac lot Built 1978
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-5826424
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 514 S Hicks Road in Cook County, offers a substantial 23,740 square feet of immediately available warehouse space for lease. The building totals 71,100 square feet and includes 5,200 square feet of functional office space. The warehouse boasts an impressive 18-foot clear height, facilitating efficient storage and operations. Loading and unloading are streamlined with two 60-foot interior docks equipped with levelers (measuring 10' x 9'), along with a convenient 14' x 14' drive-in door. The property benefits from a strategic location providing easy access to major transportation arteries, including Route 53, I-355, I-90, I-290, and I-390, as well as O'Hare International Airport. This space is ideal for distribution, storage, or manufacturing operations, offering a functional and well-appointed environment. The lease term is available through September 30, 2030, and the sublease rate is subject to offer. This is a single-tenant occupancy property. Column spacing is 40' x 40'. Don't miss this opportunity to secure prime industrial space in a highly desirable location.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1978
    Lot 3.21 ac (139,828 SF)
    APN 02-23-313-037
    UPID US28-5826424
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mapletree Us Management LLC · 1 yrs held
    Mapletree Us Management LLC
    since 2024
    7 recorded transactions
    2024
    2024
    2019
    2018
    $4.4M
    2011
    $109,500
    2006
    $3.5M
    2004
    $2.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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