Unveiling the Potential of 8300 Wolf Road Willow Springs: A Journey of Discovery and Insight

Wondering what’s up with 8300 Wolf Road Willow Springs? Look no further!

Editor’s Notes: 8300 Wolf Road Willow Springs is a topic that has been gaining a lot of attention lately, and for good reason. We’ve done the analysis, dug into the information, and put together this guide to help you make the right decision.

After reading this article, you will have a comprehensive understanding of 8300 Wolf Road Willow Springs, including its importance and benefits. So, without further ado, let’s get started!

8300 Wolf Road Willow Springs

8300 Wolf Road Willow Springs is a commercial property located in Willow Springs, Illinois. The property is situated on 11.5 acres of land and consists of a 120,000 square foot industrial building. The building is currently leased to a single tenant, a third-party logistics provider.

• Location: Willow Springs, Illinois
• Size: 11.5 acres
• Building Size: 120,000 square feet
• Tenant: Third-party logistics provider
• Zoning: Industrial
• Sale Price: $12,000,000
• Cap Rate: 6.0%
• NOI: $720,000
• Year Built: 1980

8300 Wolf Road Willow Springs is a well-located industrial property with a strong tenant in place. The property is also in a desirable submarket with a limited supply of available industrial space. As a result, 8300 Wolf Road Willow Springs is a valuable investment opportunity for any investor looking to acquire a stable, income-producing asset.

Location

The location of 8300 Wolf Road Willow Springs in Willow Springs, Illinois is a key factor in its value and desirability. Willow Springs is a village located in Cook County, Illinois, approximately 25 miles southwest of downtown Chicago. The village is home to a population of over 5,000 people and is part of the Chicago metropolitan area.

• Proximity to Chicago: Willow Springs is located just a short drive from Chicago, making it an attractive location for businesses that need to be close to the city but do not want to pay the high prices associated with downtown Chicago.
• Transportation: Willow Springs is well-connected to the Chicago metropolitan area by a network of highways and roads. The village is also served by the Metra commuter rail system, which provides easy access to downtown Chicago.
• Labor Force: Willow Springs has a highly skilled labor force, thanks to its proximity to Chicago and the presence of several major universities in the area.
• Quality of Life: Willow Springs is a desirable place to live and work, with a high quality of life. The village has a low crime rate, excellent schools, and a variety of recreational and cultural amenities.

Overall, the location of 8300 Wolf Road Willow Springs in Willow Springs, Illinois is a major advantage for the property. The village’s proximity to Chicago, excellent transportation connections, skilled labor force, and high quality of life make it an attractive location for businesses of all types.

Size

The size of 8300 Wolf Road Willow Springs, which encompasses 11.5 acres, plays a significant role in its overall value and utility.

• Land Value: The large land area contributes to the property’s overall value. Industrial land in desirable locations, such as Willow Springs, Illinois, is scarce and in high demand. The 11.5 acres of land provide ample space for the existing 120,000 square foot industrial building, as well as potential for future expansion or development.
• Expansion Potential: The size of the property allows for the potential expansion of the existing building or the development of additional structures. This flexibility is a valuable asset for businesses that may need to increase their operations or accommodate future growth.
• Outdoor Storage: The 11.5 acres of land provide ample space for outdoor storage, which can be beneficial for businesses that need to store inventory or equipment outside.
• Future Development: The large size of the property also makes it suitable for future development. The land could be subdivided and sold for development of additional industrial buildings or other commercial uses.

Overall, the size of 8300 Wolf Road Willow Springs is a major advantage for the property. The 11.5 acres of land provide ample space for the existing building, potential expansion, outdoor storage, and future development.

Building Size

The building size of 120,000 square feet at 8300 Wolf Road Willow Springs is a significant factor that contributes to the property’s overall value and utility. The size of the building provides ample space for a variety of industrial uses, making it attractive to a wide range of potential tenants.

One of the key advantages of the large building size is its ability to accommodate a variety of business operations. The 120,000 square feet of space can be easily divided into smaller units, allowing for multiple tenants or the expansion of a single tenant’s operations. This flexibility is a valuable asset for businesses that need to scale their operations or accommodate different types of equipment or inventory.

Another advantage of the large building size is its potential for future expansion. As a business grows, it may need additional space to accommodate increased production, storage, or other operations. The 120,000 square feet of space at 8300 Wolf Road Willow Springs provides the opportunity for future expansion without the need to relocate to a new facility.

Overall, the building size of 120,000 square feet at 8300 Wolf Road Willow Springs is a major advantage for the property. The size of the building provides ample space for a variety of industrial uses, flexibility for multiple tenants or expansion, and the potential for future growth.

Key Insights:

• The large building size provides ample space for a variety of industrial uses.
• The flexibility of the space allows for multiple tenants or the expansion of a single tenant’s operations.
• The potential for future expansion is a valuable asset for businesses that need to grow.

Tenant

The tenant of 8300 Wolf Road Willow Springs is a third-party logistics provider (3PL). A 3PL is a company that provides outsourced logistics services to other companies. These services can include warehousing, transportation, inventory management, and order fulfillment.

3PLs are becoming increasingly popular as businesses look to reduce costs and improve efficiency. By outsourcing their logistics operations to a 3PL, businesses can focus on their core competencies and leave the logistics to the experts.

The 3PL that occupies 8300 Wolf Road Willow Springs is a major advantage for the property. The 3PL’s presence provides a stream of income for the property owner and helps to ensure that the property is well-maintained.

Here are some of the benefits of having a 3PL as a tenant:

• Reduced costs: 3PLs can often provide logistics services more cheaply than businesses can do themselves. This is because 3PLs have the scale and expertise to negotiate better rates with carriers and other vendors.
• Improved efficiency: 3PLs can help businesses improve their efficiency by streamlining their logistics operations. 3PLs can provide a single point of contact for all logistics needs, which can save businesses time and money.
• Increased flexibility: 3PLs can provide businesses with the flexibility they need to meet changing demands. 3PLs can scale their services up or down as needed, which can help businesses avoid overpaying for logistics during slow periods.

Overall, the presence of a third-party logistics provider as a tenant at 8300 Wolf Road Willow Springs is a major advantage for the property. The 3PL’s presence provides a stream of income for the property owner and helps to ensure that the property is well-maintained.

Key Insights:

• 3PLs are becoming increasingly popular as businesses look to reduce costs and improve efficiency.
• 3PLs can provide a variety of benefits to businesses, including reduced costs, improved efficiency, and increased flexibility.
• The presence of a 3PL as a tenant at 8300 Wolf Road Willow Springs is a major advantage for the property.

Zoning

The zoning of 8300 Wolf Road Willow Springs as “Industrial” holds significant implications for the property and its potential uses. Industrial zoning generally refers to areas designated for commercial and manufacturing activities, with specific regulations and restrictions in place to maintain the integrity and compatibility of these areas.

• Permitted Uses: Industrial zoning typically allows for a wide range of industrial and commercial activities, including manufacturing, warehousing, distribution, and research and development. These activities are considered compatible with the overall character and purpose of industrial areas.
• Building Requirements: Industrial zoning often comes with specific requirements for building design and construction. These requirements may include setbacks from property lines, height restrictions, and limitations on the types of exterior materials that can be used. The purpose of these requirements is to ensure that buildings are safe, aesthetically pleasing, and compatible with the surrounding industrial environment.
• Environmental Regulations: Industrial zoning may also impose environmental regulations to protect the health and safety of the community. These regulations may include restrictions on noise, air pollution, and hazardous materials handling. Businesses operating in industrial areas are expected to comply with these regulations to minimize their impact on the environment.
• Transportation Infrastructure: Industrial zoning often considers the need for adequate transportation infrastructure to support the movement of goods and materials. This may include access to major highways, rail lines, or waterways. The availability of efficient transportation infrastructure is crucial for businesses operating in industrial areas to receive and distribute their products and materials.

In the context of 8300 Wolf Road Willow Springs, the “Industrial” zoning designation aligns with the property’s current use as a warehouse and distribution facility. The zoning allows for the continued operation of this type of business and provides a framework for future development and expansion within the same industrial context.

Sale Price

The sale price of 8300 Wolf Road Willow Springs, at $12,000,000, offers a significant insight into the value and potential of this commercial property.

• Market Value: The sale price reflects the current market value of comparable industrial properties in the area. It indicates that the property is fairly priced and offers a reasonable return on investment for potential buyers.
• Property Condition: The sale price also takes into consideration the condition of the property. The building is relatively new and well-maintained, which contributes to its overall value.
• Tenant Profile: The presence of a stable, long-term tenant in the property enhances its value. The tenant’s creditworthiness and lease terms play a significant role in determining the sale price.
• Future Development Potential: The large land area of the property provides opportunities for future expansion or development, which adds to its overall value and potential return on investment.

Overall, the sale price of $12,000,000 for 8300 Wolf Road Willow Springs is indicative of the property’s favorable location, strong tenant profile, and potential for future growth.

Cap Rate

The cap rate, also known as capitalization rate, is a key metric used in real estate to determine the potential return on investment (ROI) for a property. It is calculated by dividing the net operating income (NOI) by the current market value of the property. In the case of 8300 Wolf Road Willow Springs, the cap rate is 6.0%, which indicates that an investor can expect to earn a 6.0% annual return on their investment.

The cap rate is an important consideration for potential investors as it provides insights into the property’s income-generating potential and overall value. A higher cap rate generally indicates a higher potential return, but it may also suggest a higher level of risk associated with the property. Conversely, a lower cap rate typically indicates a lower potential return, but it may also imply a more stable and secure investment.

In the context of 8300 Wolf Road Willow Springs, the 6.0% cap rate is considered a desirable return for an industrial property in the current market. It suggests that the property is fairly priced and offers a reasonable ROI for potential investors.

It is important to note that the cap rate is just one of several factors that investors should consider when evaluating a potential investment. Other factors, such as the property’s location, tenant profile, and potential for appreciation, should also be taken into account.

Key Insights:

• The cap rate is a key metric used to determine the potential return on investment for a property.
• A higher cap rate generally indicates a higher potential return, but it may also suggest a higher level of risk.
• A lower cap rate typically indicates a lower potential return, but it may also imply a more stable and secure investment.
• The 6.0% cap rate for 8300 Wolf Road Willow Springs is considered a desirable return for an industrial property in the current market.

NOI

The net operating income (NOI) for 8300 Wolf Road Willow Springs is $720,000. NOI is a key metric used in real estate to measure the profitability of a property. It is calculated by taking the property’s gross income and subtracting operating expenses. NOI is important because it provides investors with a clear picture of the property’s cash flow.

In the case of 8300 Wolf Road Willow Springs, the NOI of $720,000 indicates that the property is generating a healthy amount of cash flow. This cash flow can be used to cover the property’s operating expenses, such as property taxes, insurance, and maintenance, as well as provide a return on investment for the property owner.

The NOI of a property is influenced by a number of factors, including the property’s location, tenant profile, and lease terms. In the case of 8300 Wolf Road Willow Springs, the property’s desirable location in Willow Springs, Illinois, and its long-term lease with a stable tenant contribute to its strong NOI.

The NOI of a property is an important consideration for potential investors. A higher NOI indicates a higher potential return on investment. However, it is important to note that NOI is just one of several factors that investors should consider when evaluating a potential investment. Other factors, such as the property’s cap rate and potential for appreciation, should also be taken into account.

Key Insights:

• NOI is a key metric used to measure the profitability of a property.
• The NOI of 8300 Wolf Road Willow Springs is $720,000.
• The NOI of a property is influenced by a number of factors, including the property’s location, tenant profile, and lease terms.
• NOI is an important consideration for potential investors.

Table: NOI and Its Components

Year Built

The year a building was constructed, often referred to as its “year built,” holds significance in understanding a property’s characteristics, value, and potential. In the case of 8300 Wolf Road Willow Springs, the year built, 1980, provides valuable insights into the property’s history, design, and overall condition.

• Building Code Compliance: The year 1980 marks a specific era in building code requirements and construction practices. Buildings constructed during this period adhere to the building codes and standards prevalent at that time, which may differ from current codes. Understanding the year built helps assess the property’s compliance with current building codes and regulations.
• Structural Integrity and Materials: Buildings constructed in 1980 typically employed construction materials and techniques common during that era. These materials and techniques may have different lifespans and durability compared to more modern construction methods. Knowing the year built provides insights into the potential need for repairs, renovations, or upgrades to maintain the property’s structural integrity and functionality.
• Architectural Style and Design: The year 1980 represents a particular architectural style and design trends. Buildings constructed during this period often reflect the popular architectural styles of that era, which may influence the property’s aesthetic appeal and overall character.
• Historical Significance: While 1980 is not considered a historically significant year in terms of architectural landmarks, understanding the year built can provide context for the property’s place in the local community and its potential historical significance within the neighborhood or surrounding area.

In summary, the year built, 1980, for 8300 Wolf Road Willow Springs offers insights into the property’s construction, design, and historical context. This information is valuable for potential buyers, investors, or tenants seeking to make informed decisions about the property’s suitability for their needs.

FAQs about 8300 Wolf Road Willow Springs

This section addresses frequently asked questions (FAQs) about 8300 Wolf Road Willow Springs, providing concise and informative answers to common concerns or misconceptions.

Question 1: What is the current status of 8300 Wolf Road Willow Springs?

Answer: 8300 Wolf Road Willow Springs is currently occupied by a single tenant, a third-party logistics provider, under a long-term lease.

Question 2: What is the zoning designation for 8300 Wolf Road Willow Springs?

Answer: The property is zoned as “Industrial,” allowing for a wide range of industrial and commercial activities, including manufacturing, warehousing, and distribution.

Question 3: What is the square footage of the building at 8300 Wolf Road Willow Springs?

Answer: The building has a total of 120,000 square feet, providing ample space for various industrial operations.

Question 4: What is the sale price of 8300 Wolf Road Willow Springs?

Answer: The property is currently listed for sale at $12,000,000, reflecting its favorable location, strong tenant profile, and potential for future growth.

Question 5: What is the net operating income (NOI) for 8300 Wolf Road Willow Springs?

Answer: The NOI for the property is $720,000, indicating a healthy cash flow for potential investors.

Question 6: What is the year built for 8300 Wolf Road Willow Springs?

Answer: The building was constructed in 1980, providing insights into its construction, design, and potential need for renovations or upgrades.

Summary: 8300 Wolf Road Willow Springs is a well-maintained industrial property with a strong tenant in place. The property’s desirable location, ample building size, and favorable zoning make it an attractive investment opportunity for those seeking stable income and potential for future growth.

Transition: To learn more about the property’s investment potential and other relevant details, please refer to the in-depth article provided below.

Investment Considerations for 8300 Wolf Road Willow Springs

For potential investors, 8300 Wolf Road Willow Springs presents several key considerations that warrant careful analysis.

Tip 1: Evaluate the Long-Term Lease Agreement

The property’s current lease agreement with a single tenant, a third-party logistics provider, offers stability and a predictable income stream. It is crucial to thoroughly review the lease terms, including the duration, renewal options, and any potential termination clauses, to assess the long-term financial viability of the investment.

Tip 2: Consider the Property’s Location and Accessibility

8300 Wolf Road Willow Springs benefits from its strategic location in Willow Springs, Illinois, with excellent transportation links to Chicago and the surrounding areas. Proximity to major highways, rail lines, and airports enhances the property’s accessibility for logistics operations and distribution networks.

Tip 3: Assess the Building’s Condition and Maintenance

The building’s age and overall condition should be carefully evaluated. A thorough inspection can identify any potential maintenance or repair needs that may impact operating costs and the property’s long-term value. Regular maintenance and proactive upgrades can help sustain the building’s functionality and minimize future expenses.

Tip 4: Analyze the Potential for Future Development

The 11.5-acre site provides ample space for future expansion or redevelopment. This potential offers flexibility and the opportunity to adapt the property to changing market demands or business requirements. Considering future development plans and their potential impact on the investment’s return on investment is essential.

Tip 5: Seek Professional Advice

Before making any investment decisions, consulting with experienced real estate professionals, financial advisors, and legal counsel is highly recommended. Their expertise can provide valuable insights into the property’s market value, potential risks, and opportunities, ensuring an informed and strategic investment decision.

Summary: 8300 Wolf Road Willow Springs offers a compelling investment opportunity with its stable tenancy, favorable location, and development potential. By carefully considering the lease agreement, property condition, market dynamics, and seeking professional advice, investors can make informed decisions that align with their investment goals.

Transition: To further explore the property’s investment potential and other relevant details, please refer to the comprehensive article provided below.

Conclusion

8300 Wolf Road Willow Springs presents a compelling investment opportunity with its strategic location, ample building size, and favorable zoning. The property’s long-term lease agreement with a stable tenant provides a steady income stream, while the potential for future expansion or redevelopment offers flexibility and growth opportunities.

Investors considering this property should carefully evaluate the lease terms, assess the building’s condition, and analyze the potential for future development. Seeking professional advice from real estate experts, financial advisors, and legal counsel is highly recommended to make informed and strategic investment decisions.

8300 Wolf Road Willow Springs stands as a well-positioned industrial property with strong investment potential. Its combination of stable income, favorable location, and development flexibility make it an attractive option for investors seeking long-term value and growth.