Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1055 W Devon Ave. Itasca, IL 60143

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial property available for rent in Itasca, Illinois.

    Type:Industrial
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 9:57 pm

    Property Features for 1055 W Devon Ave.

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2020

    Spaces For Lease

    at 1055 W Devon Ave. Contact us

    We can help!

    Listing Contact
    Christopher Nelson

    Listing agent Christopher Nelson

    Listing office Lee & Associates | Chicago

    Listing date Mar 6, 2026

    Source Lee-associates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Chicago

    Overview

    Itasca Commercial Property for Rent

    Located in Itasca, Illinois, this commercial property resides within the DuPage County portion of the O’Hare submarket. This location offers the advantage of lower taxes compared to the neighboring Cook County.
    Location Intelligence

    Current Use by Public Records

    Bridge Itasca - 1055 ... Warehouse & Storage Old World Quality Warehouse & Storage Marketplace Brands Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0069
    Latitude
    41.9917

    Nearby Similar for Lease

    • $24/mo

      Furnished Office Space Available

      Modern, fully furnished office space near I-290 and I-390.
      650 E. Devon Avenue, Itasca, IL 60143
      View Details
    • $26/mo

      Class A Office Space Available

      Five-story Class A office building with on-site amenities.
      300 Park Blvd, Itasca, IL
      View Details
    • $25/mo

      Office Space with Hotel Access

      Office space with parking, security, and hotel connectivity.
      500 Park Blvd, Itasca, IL
      View Details
    • Contact for pricing

      Industrial Building in Itasca

      24,257 SF building with docks and ample parking.
      700 Hilltop Dr, Itasca, IL 60143
      View Details
    • Contact for pricing

      Industrial Building in Itasca, Illinois

      Freestanding industrial building in established park, near major transportation routes.
      1035 N. Hilltop Dr., Itasca, IL 60143
      View Details
    • $7/mo

      Itasca Warehouse Space Available

      125,955 square foot warehouse space for lease.
      1131 Bryn Mawr Avenue, Itasca, IL 60143
      View Details
    • Contact for pricing

      New Retail Space Near Metra

      New construction retail space near Lisle Metra Station.
      125 W Orchard St, Itasca, IL
      View Details
    • $7/mo

      Itasca Warehouse Space Available

      62,761 SF warehouse space with easy highway access.
      1151 W Bryn Mawr Ave, Itasca, IL
      View Details
    • Contact for pricing

      Itasca Office Space Available

      Office building in Itasca with excellent expressway access.
      900 N Arlington Heights Rd, Itasca, IL
      View Details
    • $12/mo

      Itasca Office Space for Rent

      Office space in Itasca with ample parking and great access.
      945-975 Spring Lake Dr, Itasca, IL
      View Details
    • Contact for pricing

      Industrial Building in Itasca

      24,257 SF building with flexible lease terms available.
      700 Hilltop Dr, Itasca, IL 60143
      View Details
    • $12/mo

      Office Space in Itasca, IL

      Office space for rent with ample parking and great location.
      915-917 Hawthorn Dr, Itasca, IL
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for rent in Itasca, Illinois.
    Where is this specialty property located?
    The property is located at 1055 W Devon Ave. Itasca, IL.
    What are key features of this property?
    This property features: Located in DuPage County; Low taxes compared to Cook County; O’Hare submarket location
    (773) 355-3011
    We can help!
    Listing Contact
    Christopher Nelson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!