900 Country Creek Dr - Warehouse FOR SALE


New Lenox, IL 60451
$2,850,000 USD
972-755-5223
900 Country Creek Dr, New Lenox, IL for Sale
$2,850,000 USD
Warehouse - FOR SALE
1/6
null | 6.28% Cap Rate

900 Country Creek Dr
New Lenox, IL 60451


HIGHLIGHTS

  • Single-Tenant 6,750-Square-Foot Industrial Asset Situated on 3.92 Acres of Land
  • Featuring 15’ Clear Height, Three Grade Doors, Two-Story Office Space, & Heavy Power
  • Zoned I-1 for General Light Industrial Use with Fully-Gated 2.75 Acres of IOS
  • Leased Through May 2028 by USG - Leading Maintenance Provider for Water Storage Facilities
  • Located in Proximity to I-80 in Massive Joliet Submarket with 4.6% Rent Growth vs. 2.4% National Average

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 900 Country Creek Drive in New Lenox, Illinois, leased to USG Water Solutions. The subject property consists of approximately 6,750 square feet of warehouse space and is situated on 3.92 acres of land. The single-tenant asset features brick and metal construction, a clear height of 15’, three grade-level doors, a two-story office space, and three-phase heavy power with 440 amps. The fully gated gravel lot encompasses approximately 2.75 acres of industrial outdoor storage space. Zoned I-1, the property permits a variety of light industrial and outdoor storage uses. Located southeast of Joliet, Illinois, the property sits about two miles from the interchange between Interstate 80 and U.S. Route 30. The property is leased through May 2028 on a triple-net term at $26.53 per square foot with a 3.25 percent rent escalation scheduled for June 2026. With over 60 years of experience, USG Water Solutions (a subsidiary of Turnspire Capital Partners LLC) is the leading national provider of maintenance solutions for public and private water storage facilities. The subject property is situated within the massive Joliet Area submarket, containing 114.6 million square feet of industrial space. Last year, net absorption contracted for the first time on record, and in the 12 months through Q2 2025, demand receded further, with about -984,000 square feet being vacated on net. Combined with 1.5 million square feet of net deliveries during this time, the vacancy rate in the Joliet Area increased by 200 basis points to 10.4 percent at the midway point of 2025. Due to the increase in availability and overall economic environment, annual rent growth decelerated from 5.5 percent in Q2 2024 to 4.6 percent in Q2 2025. However, local rent growth sat 220 basis points above the national average, pushing the average market rent to about $8.20 per square foot. With 2.5 million square feet of industrial space under construction in the Joliet Area, representing 2.2 percent of the inventory, vacancies and rents will largely be dictated by demand for the foreseeable future (CoStar). Known as the Greater Chicagoland area, Chicago-Naperville-Elgin is the third-largest metro in the nation. The metro houses 9.3 million people, including 2.7 million residents within the city of Chicago. The number of corporate headquarters in Chicago is second only to New York City and is home to 30 Fortune 500 companies. Thanks to eight commercial and passenger rail lines, the Port of Chicago, three international airports, and a vast network of freeways, Chicago is a major distribution and logistics hub. The local economy and workforce are highly diverse, supported largely by distribution, finance, manufacturing, and hightech industries. As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago boasts 100 neighborhoods, 77 community areas, 50 wards, and eight major league sports teams, including two MLB teams. Chicago is a leader in reforming public schools, enhancing public safety and security initiatives, providing affordable housing in attractive and economically sound communities, ensuring accessibility for all, and fostering, social, economic, and environmental sustainability (Chicago.gov).

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

6.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

INDUSTRIAL OUTDOOR STORAGE FACILITY ( IOS)

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

10

LAND DETAILS

LAND ACRES

3.92

LAND SF

170,755

ZONING

I-1

APN/PARCEL ID

15-08-28-102-004

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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