Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Elmhurst Industrial Space Available Title is generated by Realmo AI

    864 N Addison Ave, Elmhurst, IL 60126

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Available industrial space ideal for distribution, manufacturing, or food users.

    Type:Industrial
    Property size:
    31,510 SF
    Added:
    Nov 21, 2025
    Days on Market:
    174
    Last Refresh:
    Dec 3 at 5:12 am

    Property Features for 864 N Addison Ave

    General Information

    Standard status
    Active
    Size
    31,510 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 864 N Addison Ave Contact us

    We can help!

    Listing Contact
    Sarah Wood

    Listing agent Sarah Wood License #3507028

    Listing office PREMIER SOTHEBY'S INTL REALTY

    Listing date Nov 21, 2025

    Source Naiglobal

    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 PREMIER SOTHEBY'S INTL REALTY

    HighLights

    • New construction with corporate image and ±1,300 SF spec office (Dec 2025 completion).
    • Excellent location with close proximity to I‑290 (<1 mile), Route 83, and O'Hare Airport.
    • Ideal for distribution, manufacturing, and food users.
    • Functional space with 3 recessed exterior docks with levelers and 1 drive‑in door (10' x 14').
    • Ample power with 1200 amps.
    • ±35 auto parking spaces.

    Overview

    The property features approximately 25,884 square feet of available space within a 31,510 square foot building. Situated on 1.50 acres, the property offers a 20' clear height. Loading and access are facilitated by 3 recessed exterior docks with levelers and 1 drive-in door (10' x 14'). There are approximately 35 auto parking spaces available. Power is supplied by a 1200 amp electrical system. Constructed with a precast design, the new construction offers a corporate image. A spec office space of approximately 1,300 square feet is planned for completion in December 2025. The property is suitable for distribution, manufacturing, and food-related businesses. Its location provides convenient access to I-290 (less than 1 mile), Route 83, and O'Hare Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9419226
    Latitude
    41.926251

    Nearby Similar for Lease

    • Contact for pricing

      Elmhurst Retail Space For Rent

      In-line retail space with excellent visibility on York Road.
      420 N York Street, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Furnished Office Space Available

      4,500 SF fully furnished office space for sublease.
      545 W Lake St, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Elmhurst Industrial/Flex Space Available

      Industrial/flex space for lease with drive-in door access.
      770 N Church Rd, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Elmhurst Commercial Space Available

      Highly visible space in busy Elmhurst strip center.
      422 N YORK Road, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Elmhurst Retail Development Opportunity

      New retail development with drive-thru positions available at busy intersection.
      990 North York Street, Elmhurst, IL, 60126
      View Details
    • $13 SF/Yr

      Elmhurst Warehouse with Spray Booth

      3,700 SF Elmhurst warehouse space for lease.
      694 N Larch Ave, Elmhurst, IL
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office space adjacent to Endeavor Health Elmhurst Hospital.
      133 E Brush Hill Rd, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Restaurant Building with Drive-Thru

      Freestanding, fully equipped restaurant with drive-thru and ample parking.
      582 W Lake St, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Versatile Commercial Building in Elmhurst

      Elmhurst commercial building near the Central Business District.
      351 N York Road, Elmhurst, IL 60126
      View Details
    • $7 SF/Yr

      Elmhurst Industrial Space Available

      Industrial space in Elmhurst with highway access and ample power.
      616-618 Lamont Road, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Office/Flex Space For Lease

      Single-story office/flex space available for lease.
      501 West Lake Street , Elmhurst, IL 60126
      View Details
    • $19 SF/Yr

      Furnished Office Space Available

      4,500 SF fully furnished office space for sublease.
      545 W Lake St, Elmhurst, IL 60126
      View Details

    FAQs

    What type of property is this?
    Distribution property - Available industrial space ideal for distribution, manufacturing, or food users.
    Where is this distribution property located?
    The property is located at 864 N Addison Ave Elmhurst, IL.
    What are key features of this property?
    This property features: New construction with corporate image and ±1,300 SF spec office (Dec 2025 completion).; Excellent location with close proximity to I‑290 (<1 mile), Route 83, and O'Hare Airport.; Ideal for distribution, manufacturing, and food users.
    (727) 595-1604
    We can help!
    Listing Contact
    Sarah Wood
    Real Estate License ID: 3507028
    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

    Thank You for Inquiry
    864 N Addison Ave, Elmhurst, IL 60126
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!