www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33949453
33949454

12521-12531 W. Horseshoe Drive, New Lenox, IL 60451

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group
$2,450,000
4 days on market
Updated 4 days ago

12521-12531 W. Horseshoe Drive

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 12,523
Net Rentable (SqFt) 12,523
Units 5
Cap Rate 4.12%
NOI $101,012
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $196
Year Built 2005
Year Renovated 2026
Buildings 1
Acreage 1.001
Zoning I-1
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.12
Investment Type Stabilized
Ground Lease No
Ceiling Height 20
Dock High Doors 4
Sale Condition For sale by owner

Industrial | 4.39% CAP | 12,523 SqFt

Marketing description

Positioned in the thriving New Lenox industrial corridor, this premium commercial property at 12520-12531 W. Horseshoe Drive offers a rare, fully leased investment opportunity with stable cash flow from five fire-walled tenant spaces. Built to last with full solid masonry construction to roof, 5/8" drywalled ceilings and finishes, and a durable metal roof, with unit heaters and floor drains in each unit plus a 14x14' overhead door. The facility features ample parking, a professional built-out office space in Unit 12525, and convenient half-baths in every warehouse unit. Maximizing its operational utility units 12521 and 12531 include massive 14' x 14' drive-in doors on both sides of the unit, while Unit 12531 stands out with a unique city-approved Special Use Permit that allows for a fully finished second-floor live/work apartment complete with a private deck, see floor plans in Documents. Upgraded power to all units with 3-phase, 208V. Addresses are established to allow for future industrial condos.

Investment highlights

  • 12,523 SF masonry industrial building
  • 5 units, 100% leased
  • Built in 2005, tenant improvements 2025-2026
  • Zoned I-1
  • Proforma Cap Rate 5.35%

Listing Contacts

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,012.00
$8,417.67/mo

Valuation Metrics

0
DSCR
4.12%
Cap Rate
4.12%
ROI

Map

Zoning

Intelligence Badge
I-1 IndustrialLight IndustrialLimited Industrial District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 118 uses
View all 118 uses
Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Leah Erickson
License
475.204597
Brokerage
Coldwell Banker Commercial Real Estate Group
Brokerage Phone
630-553-9000
Title
Commercial Broker
Brokerage Address
38 Countryside Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591