501 Ridge Rd - Self-Storage Facilities FOR SALE


Homewood, IL 60430
$999,000 USD
501 Ridge Rd, Homewood, IL for Sale
$999,000 USD
Self-Storage Facilities - FOR SALE
1/20
null | Request Cap Rate

501 Ridge Rd
Homewood, IL 60430


HIGHLIGHTS

  • Attractive Going-In Yield / Trailing ~11% Cap Rate
  • Stabilized Operations with In-Place Cash Flow
  • Dense Chicago South Suburban Trade Area + Proven Operator Presence

OVERVIEW

Homewood Self Storage is a well-located self-storage facility located at 501 Ridge Road in Homewood, Illinois (60430). The property consists of 136 self-storage units totaling 16,180 rentable square feet. The facility benefits from a dense, established south suburban Chicago location with convenient access throughout the broader Homewood / Hazel Crest / Glenwood corridor, and sits near a wide range of everyday retail and service-based demand drivers that support consistent tenant traffic. Surrounding the site are several national operators—including Public Storage, CubeSmart, Storage Rentals of America, and U-Haul—further validating the depth of consumer demand and long-term viability for self-storage in this submarket. Importantly, the offering provides investors with a compelling trailing ~11% cap rate, creating immediate, durable yield with meaningful upside potential over time. Attractive Going-In Yield / Trailing ~10% Cap Rate: Offered at a compelling trailing ~10% cap rate, providing strong in-place income and current yield in today’s market environment. Stabilized Operations with In-Place Cash Flow: The property is currently operating at approximately 93% unit occupancy, supporting immediate cash flow with limited execution risk. Dense Chicago South Suburban Trade Area + Proven Operator Presence: Located in a built-out corridor with nearby institutional competitors (Public Storage / CubeSmart / SROA / U-Haul), providing clear rent benchmarks and validating long-term demand drivers in the area.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Homewood Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B4

APN/PARCEL ID

29-33-301-098-0000

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