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

    238-248 Tubeway Drive, Carol Stream, IL 60188

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

    Industrial space for lease with office, docks, and drive-ins.

    Type:Industrial
    Property size:
    88,150 SF
    Added:
    Nov 22, 2025
    Days on Market:
    173
    Last Refresh:
    Dec 3 at 5:32 am

    Property Features for 238-248 Tubeway Drive

    General Information

    Standard status
    Active
    Size
    88,150 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 238-248 Tubeway Drive Contact us

    We can help!

    Listing Contact
    T'Juan Rucker

    Listing agent T'Juan Rucker License #S48019

    Listing office Hill's Realty & Investment

    Listing date Nov 22, 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 Hill's Realty & Investment

    HighLights

    • Flexible Space: ±12,038 - 36,158 SF available with ability to combine units.
    • Strategic Location: Proximity to I‑355 via North Avenue and Elgin O'Hare via Gary Avenue.
    • Functional Features: 7 interior docks and 3 drive‑in doors.
    • Cooled Space: Includes cooler and cooled production space.
    • Essential Infrastructure: Floor drains throughout.
    • Low Taxes: Benefit from low DuPage County taxes.

    Overview

    Available for lease is an industrial property in Carol Stream, Illinois, offering spaces ranging from approximately 12,038 to 36,158 square feet within an 88,150 square foot building. The property includes approximately 2,640 square feet of office space. It features a 20-foot clear height, seven interior docks, and three drive-in doors. The units can be combined. The property is equipped with floor drains throughout, and includes cooler and cooled production space. Located in DuPage County, the property benefits from low taxes and proximity to I-355 via North Avenue and the Elgin O'Hare Expressway via Gary Avenue.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    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.

    Similar Places Nearby

    • U-Stor-It Self Storage - Carol Stream — 120 Tubeway Dr, Carol Stream, IL 60188

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    DuPage
    State
    Illinois
    Longitude
    -88.129216
    Latitude
    41.8954129

    Nearby Similar for Lease

    • $11 SF/Yr

      Carol Stream Flex/Tech Space

      Flex/Tech space with air-conditioned warehouse in Du Page County.
      Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Carol Stream Industrial Space Available

      Industrial space with office, docks, and drive-in doors for lease.
      238-248 Tubeway Drive, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Sublease Opportunity in Carol Stream

      143,524 SF available through September 2033 in Carol Stream.
      343 E Lies Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Available Industrial Building Near I-355

      439,421 SF building with convenient access to transportation.
      250 S Gary Avenue, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Industrial Space on St. Charles

      Available July 2025: Industrial space with retail exposure.
      130 E Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Carol Stream Flex Industrial Space

      Flexible industrial units with dock and drive-in door access.
      376 Gundersen Drive, Carol Stream, IL 60188
      View Details
    • $14 SF/Yr

      DuPage County Flex Space

      Climate-controlled flex space with easy access to major transportation routes.
      120 Easy Street, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Industrial Space with Racked Storage

      Available industrial space with flexible terms and racked storage.
      121 E North Ave, Carol Stream, IL 60188
      View Details
    • $8 SF/Yr

      Medical Office Space Available

      Medical office space for rent with high traffic exposure.
      501-525 Thornhill Dr, Carol Stream, IL
      View Details
    • $11 SF/Yr

      Carol Stream Flex/Tech Space

      Flex/Tech space in Carol Stream with full air conditioning.
      350 Randy Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent at 501 Thornhill Drive.
      501 Thornhill Drive, Carol Stream, IL 60188
      View Details
    • $9 SF/Yr

      High-Quality Flex Space Available

      Well-maintained flex property with upgraded features for lease.
      250-270 Tubeway Dr, Carol Stream, IL
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial space for lease with office, docks, and drive-ins.
    Where is this warehouse located?
    The property is located at 238-248 Tubeway Drive Carol Stream, IL.
    What are key features of this property?
    This property features: Flexible Space: **±12,038 - 36,158 SF available** with ability to combine units.; Strategic Location: Proximity to I‑355 via North Avenue and Elgin O'Hare via Gary Avenue.; Functional Features: 7 interior docks and 3 drive‑in doors.
    We can help!
    Listing Contact
    T'Juan Rucker
    Real Estate License ID: S48019
    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
    238-248 Tubeway Drive, Carol Stream, IL 60188
    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!