Building Details

Building Size 320,946 SF

Year Built 2023

Listing Agency: Cushman & Wakefield - Rosemont, Illinois Show Phone

Listed By: Jason West Show Phone

Source: Cushmanwakefield

Added: Sep 10, 2025 Changed: Aug 8 Last Checked: Aug 11 at 6:13AM

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Investment Insights

Based on property information with market context.

A new 320,946 square foot industrial building is available for sale or lease. The leasable area comprises 168,932 square feet. Located in Elgin, Illinois.

Key Highlights

• Brand new building (built in 2023)
• Large building size: 320,946 sf total
• Significant leasable space available: 168,932 sf

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Restaurant Grocery & Convenience Store Parking Lot & Garage Pharmacy Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

130

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 60124, IL

24,859

Population

8,806

Households

2.8

Avg Household Size

42

Median Age

50%

College-Educated

96%

High-School Grad

38.2 sq mi

ZIP Area

651

Density / Sq Mi

$135,350

Median Household Income

$66,217

Median Earnings

$1,956

Median Rent

$403,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - New 320,946 SF industrial building with 168,932 SF for lease.

Where is this warehouse located?

The property is located at 1700 Madeline Lane Elgin, IL.

What are key features of this property?

This property features: Brand new building (built in 2023); Large building size: **320,946 sf total**; Significant leasable space available: **168,932 sf**