501 Ridge Rd - Homewood Self Storage 15,110 SF Specialty Building Offered at $1,350,000 in Homewood, IL 60430

Homewood Self Storage is a well-located self-storage facility located at 501 Ridge Road in Homewood, Illinois (60430). The property consists of 136 self-storage units totaling 16,180 rentable square feet. The facility benefits from a dense, established south suburban Chicago location with convenient access throughout the broader Homewood / Hazel Crest / Glenwood corridor, and sits near a wide range of everyday retail and service-based demand drivers that support consistent tenant traffic. Surrounding the site are several national operators—including Public Storage, CubeSmart, Storage Rentals of America, and U-Haul—further validating the depth of consumer demand and long-term viability for self-storage in this submarket. Importantly, the offering provides investors with a compelling trailing ~9% cap rate, creating immediate, durable yield with meaningful upside potential over time.
Attractive Going-In Yield / Trailing ~10% Cap Rate: Offered at a compelling trailing ~10% cap rate, providing strong in-place income and current yield in today’s market environment.
Stabilized Operations with In-Place Cash Flow: The property is currently operating at approximately 93% unit occupancy, supporting immediate cash flow with limited execution risk.
Dense Chicago South Suburban Trade Area + Proven Operator Presence: Located in a built-out corridor with nearby institutional competitors (Public Storage / CubeSmart / SROA / U-Haul), providing clear rent benchmarks and validating long-term demand drivers in the area.