The Office Space Search Engine

Search 1000s of commercial spaces by size, location, and price.

1906 Ferro Dr

New Lenox, IL
Floors
1
Total Size
12,602 sqft
Zoning
I-1
Year Constructed
2000
Year Renovated
0
Building Class

About 1906 Ferro Dr

SOLID 12,600 SF BUILDING ON 1.25 ACRE LOT. TENANT MAY VACATE IF AN OWNER/USER WANTS TO BUY THE BUILDING. CURRENTLY LEASED TO A STRONG TENANT THROUGH 12/2015 W/ ANNUAL RENT INCREASES & CAP RATE OF 8.7%. CAP RATE GOES TO 9.0% IN JANUARY 2014. TENANT RESPONSIBLE FOR MAINTENANCE & REPAIRS. BUILDING HAS A/C & HEAT IN WAREHOUSE & OFFICE AREA. ALSO HAS 6 RESTROOMS & KITCHEN. HAS 200 AMP, 3 PHASE POWER. 400 WATT METAL HALIDE LIGHT FIXTURES WITH 18 FOOT CEILING HEIGHT. EASY ACCESS TO HIGHWAYS. - Number of buildings: 1 - Building condition: Excellent - Tenancy: Single Tenant

Internet Providers for 1906 Ferro Dr

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
1 Gb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s
AT&T Illinois DSL
1.5 Mb/s
768 kbps

The City: New Lenox

Most listings are in the $10's per square foot per year. The New Lenox region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 35% decline in rent.

Compared to the rest of the Chicagoland market, the New Lenox region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
New Lenox $20
/sqft/yr
1,500
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,450
sqft

Median Rate over Time in New Lenox