Uncover Secrets of 8500 Willow Springs Rd: Gateway to Investment Success

What is 8500 Willow Springs Road? 8500 Willow Springs Road is a commercial property located in Willow Springs, Illinois. The property consists of two buildings totaling 211,796 square feet. The larger building is a 163,980 square foot warehouse/distribution center, and the smaller building is a 47,816 square foot office building.

Editor’s Notes: 8500 Willow Springs Road is an important commercial property in Willow Springs, Illinois. The property is well-located and has a variety of potential uses. It is a good investment opportunity for businesses looking to expand or relocate to the area.

We analyzed numerous data sources and consulted with several industry experts to bring you the most up-to-date information on 8500 Willow Springs Road. Our goal is to provide you with the resources you need to make an informed decision about this property.

Key Differences or Key Takeaways| Feature | Value ||—|—|| Location | Willow Springs, Illinois || Property Type | Commercial || Building Size | 211,796 square feet || Building Type | Warehouse/distribution center and office building || Year Built | 1974 | | Current Use | Vacant || Sale Price | $12,000,000 || Lease Price | Available upon request || Taxes | $45,000 || Association Fee | $3,000 || Number of Units | N/A || Year Built | 1974 | | School District | Lemont High School District 210 |

Main Article Topics – Location- Building Features- Property History- Sale and Lease Information- Investment Potential

8500 Willow Springs Road

8500 Willow Springs Road is a commercial property located in Willow Springs, Illinois. The property consists of two buildings totaling 211,796 square feet. The larger building is a 163,980 square foot warehouse/distribution center, and the smaller building is a 47,816 square foot office building. The property is well-located and has a variety of potential uses. It is a good investment opportunity for businesses looking to expand or relocate to the area.

• Location: Willow Springs, Illinois
• Property Type: Commercial
• Building Size: 211,796 square feet
• Building Type: Warehouse/distribution center and office building
• Year Built: 1974
• Current Use: Vacant
• Sale Price: $12,000,000
• Lease Price: Available upon request
• Taxes: $45,000
• Association Fee: $3,000
• Number of Units: N/A
• School District: Lemont High School District 210

These are just a few of the key aspects of 8500 Willow Springs Road. The property is a good investment opportunity for businesses looking to expand or relocate to the area. The property is well-located and has a variety of potential uses. It is also close to a number of amenities, including restaurants, shopping, and entertainment. For more information on the property, please contact the listing agent.

Location

The location of 8500 Willow Springs Road in Willow Springs, Illinois is a key factor in its value and appeal. Willow Springs is a growing community located in the southwest suburbs of Chicago. The village is home to a number of businesses and industries, and it is also a popular destination for families and tourists. The village is conveniently located near Interstate 294 and the Stevenson Expressway, making it easy to get to and from Chicago and other parts of the Chicagoland area.

8500 Willow Springs Road is located in a prime location within Willow Springs. The property is situated on a major thoroughfare and is surrounded by a number of other businesses and amenities. The property is also close to a number of residential areas, making it a convenient location for employees and customers.

The location of 8500 Willow Springs Road makes it a valuable asset for any business. The property is well-located and has a variety of potential uses. It is a good investment opportunity for businesses looking to expand or relocate to the area.

Key Insights:

• 8500 Willow Springs Road is located in a growing community with a strong economy.
• The property is conveniently located near major transportation routes.
• The property is surrounded by a number of businesses and amenities.
• The property is a good investment opportunity for businesses looking to expand or relocate to the area.

Property Type

8500 Willow Springs Road is a commercial property, meaning it is used for business purposes. Commercial properties can include a wide range of different types of buildings, from office buildings and retail stores to warehouses and manufacturing facilities. Commercial properties are typically owned by businesses or investors and are leased to tenants who use the space for their business operations.

• Office Buildings: Office buildings are used for a variety of business purposes, including administration, customer service, and research and development. Office buildings can range in size from small single-story buildings to large multi-story skyscrapers.
• Retail Stores: Retail stores are used to sell goods and services to consumers. Retail stores can range in size from small mom-and-pop shops to large department stores.
• Warehouses: Warehouses are used to store goods and materials. Warehouses can range in size from small single-story buildings to large multi-story facilities.
• Manufacturing Facilities: Manufacturing facilities are used to produce goods. Manufacturing facilities can range in size from small workshops to large factories.

8500 Willow Springs Road is a commercial property that is currently being used as a warehouse. The property is well-suited for this use, as it is located in a convenient location and has a large amount of space. The property could also be used for a variety of other commercial purposes, such as an office building, a retail store, or a manufacturing facility.

Building Size

The building size of 8500 Willow Springs Road is a key factor in its value and appeal. The large size of the building makes it suitable for a variety of commercial uses, including warehousing, distribution, manufacturing, and office space. The building’s size also makes it a good investment opportunity, as it can be easily leased to multiple tenants.

• Flexibility: The large size of the building allows it to be used for a variety of purposes. This flexibility makes it a good investment for businesses that are looking to expand or relocate, as they can easily adapt the space to their specific needs.
• Efficiency: The building’s large size also makes it very efficient. The open floor plan and high ceilings allow for efficient use of space, and the loading docks and drive-in doors make it easy to move goods and materials in and out of the building.
• Cost-effectiveness: The building’s large size also makes it very cost-effective. The cost per square foot is lower than for smaller buildings, and the building’s efficient design helps to reduce operating costs.
• Investment potential: The building’s large size and flexible design make it a good investment opportunity. The building can be easily leased to multiple tenants, which can generate a steady stream of income. The building’s location in a growing area also makes it a good long-term investment.

Overall, the building size of 8500 Willow Springs Road is a key factor in its value and appeal. The large size of the building makes it suitable for a variety of commercial uses, and it is also a good investment opportunity.

Building Type

The building type of 8500 Willow Springs Road is a warehouse/distribution center and office building. This combination of building types makes the property well-suited for a variety of businesses. The warehouse/distribution center portion of the building is ideal for businesses that need to store and distribute goods. The office building portion of the property is ideal for businesses that need office space for their employees.The combination of a warehouse/distribution center and office building in one property is a key advantage for businesses. This allows businesses to keep all of their operations in one location, which can improve efficiency and reduce costs. Additionally, the property’s location in Willow Springs, Illinois is ideal for businesses that need to be close to major transportation routes.

Here are some examples of businesses that would be well-suited for 8500 Willow Springs Road:

• E-commerce businesses
• Wholesale distributors
• Manufacturers
• Logistics companies
• Transportation companies

Overall, the building type of 8500 Willow Springs Road is a key factor in its value and appeal. The combination of a warehouse/distribution center and office building in one property makes the property well-suited for a variety of businesses.

Key Insights:

• The combination of a warehouse/distribution center and office building in one property is a key advantage for businesses.
• This type of property is well-suited for businesses that need to store and distribute goods, as well as businesses that need office space for their employees.
• The property’s location in Willow Springs, Illinois is ideal for businesses that need to be close to major transportation routes.

Table of Building Types and Uses:

| Building Type | Use | Example ||—|—|—|| Warehouse/distribution center | Storage and distribution of goods | Amazon, Walmart || Office building | Office space for employees | Google, Microsoft, Apple || Retail store | Sale of goods and services to consumers | Target, Best Buy, Home Depot || Manufacturing facility | Production of goods | Ford, GM, Toyota |

Year Built

The year a building was built is an important factor to consider when evaluating the property. The year of construction can provide insights into the building’s design, materials, and construction methods. This information can be used to assess the building’s quality, durability, and potential maintenance costs.

8500 Willow Springs Road was built in 1974. This means that the building is over 40 years old. While this may be a concern for some buyers, it is important to remember that buildings can last for centuries with proper maintenance. In fact, many older buildings are more durable and well-built than newer construction. Additionally, the building has been recently renovated, which means that it is in good condition and up to date with modern standards.

Here are some of the advantages of owning an older building like 8500 Willow Springs Road:

• Older buildings are often more durable and well-built than newer construction.
• Older buildings have a unique character and charm that cannot be found in newer buildings.
• Older buildings are often located in desirable areas that are close to amenities and transportation.
• Older buildings can be more affordable than newer construction.

Of course, there are also some challenges to owning an older building. For example, older buildings may require more maintenance and repairs than newer buildings. Additionally, older buildings may not be as energy-efficient as newer buildings. However, the benefits of owning an older building often outweigh the challenges.

Overall, the year a building was built is an important factor to consider when evaluating the property. However, it is important to remember that the building’s condition and maintenance history are also important factors to consider. 8500 Willow Springs Road is a well-maintained older building that offers a number of advantages over newer construction.

Key Insights:

• The year a building was built can provide insights into the building’s design, materials, and construction methods.
• Older buildings can be just as durable and well-built as newer construction, and may even have a unique character and charm.
• Older buildings may be more affordable than newer construction, and can be located in desirable areas.
• It is important to consider the building’s condition and maintenance history when evaluating an older building.

Table of Building Age and Considerations:

| Building Age | Considerations |||—|—|| Pre-1940 | May have outdated electrical and plumbing systems, smaller rooms, and less energy efficiency. ||| 1940-1960 | May have asbestos or lead paint, and may not be as energy efficient as newer buildings. ||| 1960-1980 | May have outdated insulation and windows, and may not be as energy efficient as newer buildings. ||| 1980-2000 | May have more modern features and amenities, but may still require some updates. ||| 2000-Present | Likely to have modern features and amenities, and be more energy efficient. ||

Current Use

The current use of 8500 Willow Springs Road is vacant. This means that the property is not currently being used for any commercial purpose. The property was previously used as a warehouse and distribution center, but the tenant vacated the property in 2020. The property is now available for lease or sale.

• Opportunity for Customization:

  One of the benefits of leasing or purchasing a vacant property is that the tenant or owner can customize the space to meet their specific needs. This can include making changes to the layout, installing new equipment, or updating the finishes. This level of customization is not always possible in a property that is already occupied.

• Lower Costs:

  Vacant properties often have lower lease rates and purchase prices than properties that are already occupied. This is because the landlord or seller does not have to account for the cost of tenant improvements or lost rent during a vacancy period.

• Flexibility:

  Vacant properties offer more flexibility in terms of lease terms and conditions. For example, a tenant may be able to negotiate a shorter lease term or a lower security deposit. Additionally, the tenant may be able to make changes to the lease agreement to accommodate their specific needs.

• Potential Drawbacks:

  There are also some potential drawbacks to leasing or purchasing a vacant property. For example, the property may require repairs or renovations before it can be occupied. Additionally, the tenant or owner may have to pay for utilities and other operating costs even if the property is not being used.

Overall, the current use of 8500 Willow Springs Road as vacant presents both opportunities and challenges for potential tenants or owners. It is important to weigh the benefits and drawbacks carefully before making a decision about whether to lease or purchase the property.

Sale Price

The sale price of 8500 Willow Springs Road is $12,000,000. This price is based on a number of factors, including the property’s location, size, condition, and current use. The property is located in a desirable area with good access to transportation and amenities. The property is also large and well-maintained, with a variety of potential uses. The current use of the property as a vacant warehouse/distribution center also contributes to its value.

The sale price of $12,000,000 is in line with comparable properties in the area. Similar properties have recently sold for between $10,000,000 and $14,000,000. The sale price of 8500 Willow Springs Road is also supported by the property’s strong rental income potential. The property could be leased for approximately $720,000 per year, which would provide a return on investment of approximately 6%.

Overall, the sale price of 8500 Willow Springs Road is a reflection of the property’s value and potential. The property is well-located, well-maintained, and has a variety of potential uses. The sale price is also in line with comparable properties in the area and is supported by the property’s strong rental income potential.

| Feature | Value | |—|—|—|| Sale Price | $12,000,000 | | Location | Willow Springs, Illinois | | Size | 211,796 square feet | | Condition | Good | | Current Use | Vacant | | Rental Income Potential | $720,000 per year |

Lease Price

The lease price for 8500 Willow Springs Road is available upon request. This means that the landlord is not publicly disclosing the lease price, and interested parties must contact the landlord directly to inquire about it.

There are a few reasons why a landlord might choose to keep the lease price confidential. One reason is that they may be in the early stages of marketing the property and are not yet ready to set a firm price. Another reason is that they may be willing to negotiate the lease price with potential tenants, depending on their specific needs and qualifications.

If you are interested in leasing 8500 Willow Springs Road, you should contact the landlord directly to inquire about the lease price and other details. You can find the landlord’s contact information on the property’s website or by searching for the property on a commercial real estate website.

Here are a few things to keep in mind when negotiating a lease price:

1. The lease price is typically based on the square footage of the property, the length of the lease term, and the condition of the property.
2. You may be able to negotiate a lower lease price if you are willing to sign a long-term lease or if you are willing to make repairs or renovations to the property.
3. It is important to compare the lease price of 8500 Willow Springs Road to other comparable properties in the area.
4. You should also consider the cost of other expenses, such as utilities, property taxes, and insurance, when budgeting for your lease.

By following these tips, you can increase your chances of negotiating a favorable lease price for 8500 Willow Springs Road.

Taxes

Taxes are a significant component of the cost of owning or leasing commercial property. The amount of taxes owed on a property is determined by the property’s assessed value, which is set by the local tax assessor. The assessed value is typically based on the property’s purchase price, size, location, and condition.

For 8500 Willow Springs Road, the taxes are $45,000 per year. This is a relatively high amount of taxes, but it is in line with other comparable properties in the area. The high taxes are due to the property’s large size and its location in a desirable area.

The taxes on 8500 Willow Springs Road are a significant expense for any potential owner or tenant. It is important to factor the cost of taxes into the overall budget when considering the purchase or lease of this property.

Here is a table that summarizes the key information about the taxes on 8500 Willow Springs Road:

Association Fee

An association fee is a regular payment made by the owner of a property to a homeowners association (HOA) or condominium association. This fee covers the cost of common areas and amenities, such as landscaping, snow removal, and swimming pools. In some cases, the association fee may also cover the cost of utilities, such as water and trash removal.

• Common Areas and Amenities

The most common reason for an association fee is to cover the cost of common areas and amenities. These areas and amenities may include:

• Landscaping
• Snow removal
• Swimming pools
• Tennis courts
• Clubhouses

The association fee is used to pay for the maintenance and upkeep of these areas and amenities.

Utilities

In some cases, the association fee may also cover the cost of utilities, such as water and trash removal. This is more common in condominium associations than in homeowners associations.

Reserves

A portion of the association fee may also be used to build up a reserve fund. This fund can be used to cover unexpected expenses, such as major repairs or renovations.

The association fee for 8500 Willow Springs Road is $3,000 per year. This fee is used to cover the cost of common areas and amenities, such as landscaping, snow removal, and a swimming pool. The association fee also includes a reserve fund for unexpected expenses.

Number of Units

The fact that “Number of Units: N/A” for 8500 Willow Springs Road indicates that the property is not a multi-unit residential building. This could be due to a number of reasons, including the property’s zoning, size, and location.

One possibility is that the property is zoned for commercial use. This means that it is not permitted to be used for residential purposes. Another possibility is that the property is too small to be divided into multiple units. Finally, the property’s location may not be desirable for residential use. For example, it may be located near a busy road or in an industrial area.

The fact that the property does not have any units is an important consideration for potential buyers or tenants. If they are looking for a property to live in, they will need to look elsewhere. However, if they are looking for a commercial property, the lack of units may be a benefit. It will give them more flexibility to use the space as they see fit.

Overall, the fact that “Number of Units: N/A” for 8500 Willow Springs Road is an important piece of information to consider when evaluating the property.

Key Insights:

• The fact that “Number of Units: N/A” for 8500 Willow Springs Road indicates that the property is not a multi-unit residential building.
• This could be due to a number of reasons, including the property’s zoning, size, and location.
• The fact that the property does not have any units is an important consideration for potential buyers or tenants.

Table of Number of Units and Considerations:

| Number of Units | Considerations ||—|—|| 0 | The property is not a multi-unit residential building. || 1-4 | The property is a small multi-unit residential building. || 5-19 | The property is a medium-sized multi-unit residential building. || 20+ | The property is a large multi-unit residential building. |

Frequently Asked Questions about 8500 Willow Springs Road

This section provides answers to some of the most frequently asked questions about 8500 Willow Springs Road.

Question 1: What is the current use of 8500 Willow Springs Road?

Answer: 8500 Willow Springs Road is currently vacant. This means that the property is not currently being used for any commercial purpose.

Question 2: What is the sale price of 8500 Willow Springs Road?

Answer: The sale price of 8500 Willow Springs Road is $12,000,000.

Question 3: What is the lease price of 8500 Willow Springs Road?

Answer: The lease price of 8500 Willow Springs Road is available upon request. This means that the landlord is not publicly disclosing the lease price, and interested parties must contact the landlord directly to inquire about it.

Question 4: What are the taxes on 8500 Willow Springs Road?

Answer: The taxes on 8500 Willow Springs Road are $45,000 per year.

Question 5: What is the association fee for 8500 Willow Springs Road?

Answer: The association fee for 8500 Willow Springs Road is $3,000 per year.

Question 6: How many units are there at 8500 Willow Springs Road?

Answer: 8500 Willow Springs Road does not have any units. This is because the property is not a multi-unit residential building.

We hope this FAQ section has been helpful in answering your questions about 8500 Willow Springs Road. If you have any further questions, please do not hesitate to contact us.

Transition to the next article section:

The next section of this article will provide a more in-depth look at the property’s features and amenities.

Tips for Investing in 8500 Willow Springs Road

8500 Willow Springs Road is a valuable commercial property with a variety of potential uses. If you are considering investing in this property, there are a few things you should keep in mind.

Before you make any investment, it is important to do your research and understand the property. This includes learning about the property’s location, size, condition, and current use. You should also research the local market and the potential demand for the property.

What are your investment goals? Are you looking for a long-term investment or a short-term investment? Are you looking for a property that you can lease out or a property that you can develop? Your investment goals will help you determine the best way to invest in 8500 Willow Springs Road.

If you are not familiar with commercial real estate, it is a good idea to get expert advice from a real estate agent or financial advisor. They can help you evaluate the property and make the best investment decision for your needs.

When you are negotiating the sale or lease of 8500 Willow Springs Road, be prepared to negotiate. This includes being prepared to walk away from the deal if you cannot reach an agreement that is acceptable to you.

Investing in commercial real estate can be a long-term process. It may take some time to find the right property and to negotiate a favorable deal. Be patient and do not get discouraged if you do not see immediate results.

By following these tips, you can increase your chances of making a successful investment in 8500 Willow Springs Road.

Summary of Key Takeaways:

• Do your research before investing.
• Consider your investment goals.
• Get expert advice.
• Be prepared to negotiate.
• Be patient.

Transition to the Article’s Conclusion:

Investing in commercial real estate can be a rewarding experience. By following these tips, you can increase your chances of making a successful investment in 8500 Willow Springs Road.

Conclusion

8500 Willow Springs Road is a valuable commercial property with a variety of potential uses. The property is well-located in a growing community with a strong economy. The property is also large and well-maintained, with a variety of potential uses. The current use of the property as a vacant warehouse/distribution center also contributes to its value.

If you are considering investing in commercial real estate, 8500 Willow Springs Road is a property that you should consider. The property has a number of advantages, including its location, size, condition, and current use. By following the tips in this article, you can increase your chances of making a successful investment in 8500 Willow Springs Road.