26735 W Commerce Dr - Warehouse FOR SALE


Volo, IL 60073
$2,800,000 USD
630-570-2200
26735 W Commerce Dr, Volo, IL for Sale
$2,800,000 USD
Warehouse - FOR SALE
1/14
null | 6.92% Cap Rate

26735 W Commerce Dr
Volo, IL 60073


OVERVIEW

INVESTMENT OVERVIEW Marcus & Millichap is pleased to present this 32,001-square-foot multi-tenant industrial warehouse situated on 2.1 acres of land. This property is 1 of 2 100% leased, free-standing multi-tenant industrial buildings currently available for sale in the northwest suburbs of Chicago. Located at 26735 W Commerce Drive, Volo, IL, the asset offers immediate access to Routes 120, 60, and 12, providing connectivity to downtown Chicago, O’Hare International Airport, and the broader Chicagoland area. The property is well-positioned within the Village of Volo in Lake County—one of the strongest commercial and industrial growth areas in the nation. Lake County benefits from a deep pool of skilled labor, with nearly 43% of residents holding a bachelor’s degree or higher, and its location between Cook County and business-friendly Southeast Wisconsin further enhances its appeal to businesses and investors. The asset is currently 100% leased to five tenants on staggered lease terms, providing durable cash flow and minimizing rollover risk. Functional features include a 22’ clear height, two dock-high doors, and five drive-in doors, accommodating a wide variety of industrial users. Above-market rental increases and mark-to-market upside further strengthen the investment profile. At the current offering price of $2,800,000, the property generates an in-place net operating income (NOI) of $191,909, equating to a 6.85% capitalization rate. Priced at $87.50 per square foot, this offering presents investors with a rare opportunity to acquire a fully occupied, income-producing industrial asset in Lake County at an attractive basis. At the MMCC debt terms shown, after 1 and 2 years an investor would be at a 10.67% and 15.74% levered return. INVESTMENT HIGHLIGHTS 10.67% and 15.74% 1 and 2-year Pro Forma Levered Return 22' Clear Height Above Market Rental Increases Dock High Loading Mark to Market Upside

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

4

DRIVE INS

5

PARKING SPACES

48

LAND DETAILS

LAND ACRES

2.1

LAND SF

91,476

ZONING

L-1

APN/PARCEL ID

09-02-102-008

ASK ABOUT THIS PROPERTY

Kellan GilmartinMarcus & MillichapMore Info
630-570-2200

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Kellan GilmartinMarcus & MillichapMore Info
630-570-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.