INTREN | O'Hare Single-Tenant IOS — Sale in Franklin Park, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Franklin Park, IL 60131
  • Submarket: Western Cook County
  • Year built: 1945

Photos

INTREN | O'Hare Single-Tenant IOS — Sale in Franklin Park, IL, photo 1 of 2
INTREN | O'Hare Single-Tenant IOS — Sale in Franklin Park, IL, photo 2 of 2

Investment Figures

Cap rate
7.75%

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

For sale is a 33,605-square-foot industrial asset situated on 2.27 acres of land. The property features 14' to 18' clear heights, seven grade-level doors, and three-phase heavy power with 3,000 amps, making it an ideal location for businesses requiring heavy machinery or equipment. The special use zoning permit allows for full usage of the approximately 1.5 acres of outdoor storage space, providing additional flexibility for tenants. The tenant, INTREN, has a long rental history at the property with over 10 years of occupancy. INTREN has recently executed a 4-year early renewal option, demonstrating its commitment to the location. The previous lease, set at $10.73 per square foot, was originally set to expire in October 2027. This renewal option is set to commence in January 2027 at $14.50 per square foot with 3 percent annual escalations, generating a pro forma 7.75 percent cap rate. In return for the early renewal, the tenant receives a full rental concession from August 2026 through December 2026. INTREN is a national utility service provider that made $550 million in annual revenue at the time of its acquisition by the publicly traded utility giant MasTec, Inc. The property's strong fundamentals, combined with the tenant's commitment and financial backing, make it an attractive investment opportunity in the industrial real estate market. The property's location in the highly sought-after O'Hare submarket is a significant advantage. O’Hare is highlighted by a 2.9 percent vacancy rate in Q2 2026 among comparable properties under 50,000 square feet. This compares to the 7.8 percent national average across all industrial property sizes (CoStar). O'Hare International Airport sits just 4.6 miles away from the property, providing easy access to global markets and transportation hubs. The property is also close to major highways, including Interstates 294 and 90, making it an ideal location for businesses requiring efficient logistics and transportation. Additionally, a

Market Context

This industrial in Franklin Park, IL is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1945. Compare it against other industrial listings for sale in Franklin Park, IL — view the full market.

As of Q2 2026, the Chicago industrial market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

Is the Chicago industrial market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Price per SF

$36.69/SF – $266.83/SF

Mid: $111.18/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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