9207 Ivanhoe St — Sale in Schiller Park, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Schiller Park, IL 60176
  • Year built: 1970

Photos

9207 Ivanhoe St — Sale in Schiller Park, IL, photo 1 of 3
9207 Ivanhoe St — Sale in Schiller Park, IL, photo 2 of 3
9207 Ivanhoe St — Sale in Schiller Park, IL, photo 3 of 3

Investment Figures

Cap rate
8.67%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 9207 Ivanhoe Street, an industrial opportunity strategically positioned in Schiller Park, Illinois, within Chicago’s highly sought-after O’Hare industrial corridor. Schiller Park is an established industrial and logistics market supported by a diverse tenant base spanning manufacturing, warehousing, freight forwarding, distribution, and other supply-chain users. Strong demand for well-located industrial space, coupled with the submarket’s established infrastructure and proximity to Chicago’s major commercial centers, makes Schiller Park an attractive destination for businesses and investors alike. The property is located approximately two miles from O’Hare International Airport and provides convenient access to five major highways, including Interstates 294 and 90. This strategic location offers efficient connectivity to Chicago’s extensive freeway network, regional population centers, and national and global markets, while O’Hare’s significant air cargo operations further reinforce the area’s position as a premier road transportation and air freight hub. Investment Highlights: • Two Miles from O'Hare International Airport | Immediate Access to Interstates 294 and 90 • Federal Opportunity Zone Offering Potential Tax Advantages to Qualified Investors, Subject to Eligibility Requirements • Proven Tenant Stability with Average Building Tenancy Exceeding 16 Years, Demonstrating Long-Term Commitment to the Property • Infill Industrial Market with Significant Barriers to Entry and Limited Opportunities for New Development • Strong Market Fundamentals Supported by Approximately 6.2 Percent Industrial Vacancy and Sustained Tenant Demand

Market Context

This office in Schiller Park, IL is listed for sale. It is offered at an approximate 8.7% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1970. Compare it against other office listings for sale in Schiller Park, IL — view the full market.

As of Q1 2026, the Chicago office market showed a 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Chicago office market tightening or softening?
Vacancy is around 27.2% (Q1 2026).

Estimated Price per SF

$37.63/SF – $273.70/SF

Mid: $114.04/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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