End-Unit Industrial Condo with
700 BONNIE Lane Elk Grove Village, IL 60007
700 BONNIE Lane, Elk Grove Village, IL, 60007
$640,000
For Sale
$640,000
COMMERCIAL - Elk Grove Village, IL
Property Size4,300 SF
Lot Size0.10 Acres
Price / SF$148.84
Days on Market280
Property Features for 700 BONNIE Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- INDUS
- Standard status
- Active
- APN
- 08271021341001
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 20243
Utilities
- Utilities
- Water Available
- Cooling system
- Central Air
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete, Tile
- Building materials
- Concrete, Block, Brick
- Roof type
- Metal, Rubber
Listing Agency
Troy Realty Ltd
(773) 792-3000
6625 N Avondale Ave, Chicago, IL
Listed by
Andrzej Olszowka · License #475160900
(773) 792-3000
Added: Oct 12, 2025 Checked: Jul 18 at 11:06 am
MLS# 12492743
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This end-unit industrial condo offers approximately 4,300 SF, including about 1,000 SF of updated office space with a kitchenette and private restroom. The warehouse includes 16' clear height, painted walls, and 600 AMP power. The property was remodeled in 2024 with new finishes throughout and features concrete construction, a newer roof, and a fully sprinklered (wet system) layout.
Parking is available in both front and rear locations. The unit sits within Elk Grove Village Business Park and provides access to O'Hare International Airport as well as major expressways including I-90, I-290, and Rt-83. Zoning is listed as INDUS/Industrial.
With upgraded improvements and a functional office/warehouse configuration, the space is suited for light manufacturing, storage, or service use.
Parking is available in both front and rear locations. The unit sits within Elk Grove Village Business Park and provides access to O'Hare International Airport as well as major expressways including I-90, I-290, and Rt-83. Zoning is listed as INDUS/Industrial.
With upgraded improvements and a functional office/warehouse configuration, the space is suited for light manufacturing, storage, or service use.
Key Highlights
- Approximately 4,300 SF end‑unit industrial condo in Elk Grove Village Business Park with 1,000 SF updated office space (kitchenette and private restroom).
- Remodeled in 2024 with new finishes throughout; concrete/brick/block construction and concrete warehouse flooring.
- Warehouse has 16' clear height, painted walls, and 600 AMP power for light manufacturing, storage, or service use.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $18.00 |
| − Vacancy | −$7.7k | −$1.80 |
| EGI | $69.7k | $16.20 |
| − OpEx | −$24.4k | −$5.67 |
| NOI | $45.3k | $10.53 |
4,300 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$847.0K
$741.1K – $988.2K
NOI $59,290 @ 7.0% cap · market cap 9.26%
Second Best
Flex RnD
$646.8K
$566.0K – $754.7K
NOI $45,279 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,922 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Pierogi Rig — 410 Bonnie Ln, Elk Grove Village, IL 60007
FAQs
What type of property is this?
Flex space - End-unit industrial condo includes updated office space, 16' clear warehouse height, and 600 AMP power.
Where is this flex space located?
The property is located at 700 BONNIE Lane Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Approximately 4,300 SF end‑unit industrial condo in Elk Grove Village Business Park with 1,000 SF updated office space (kitchenette and private restroom).; Remodeled in 2024 with new finishes throughout; concrete/brick/block construction and concrete warehouse flooring.; Warehouse has 16' clear height, painted walls, and 600 AMP power for light manufacturing, storage, or service use.
