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    1515 Louis Ave Elk Grove Village, IL 60007

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    For Lease
    Contact for pricing

    15,965 SF industrial building with office space for lease/sale.

    Property size:
    15,965 SF
    Lot size:
    0.69 Acres

    Property Features for 1515 Louis Ave

    General Information

    Size
    15,965 SF
    Lot size
    0.69 Acres

    Source: Colliers | Chicago Rosemont Agent Jonathan Kohn

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

    Overview

    O'Hare Area Freestanding Industrial Building

    This 15,965 square foot building includes 3,000 square feet of office space and offers both leasing and sale options. The property features a 14-foot clear height, two interior docks, and one drive-in door. Parking is available for 20 cars. This free-standing building is located in the O’Hare submarket, offering close proximity to I-90 and Route 83.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    System II Transportation ... Trucking Company CRP Holdings Holding Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Wholesale Shop Clothing Store Nail Salon

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

    Similar Places Nearby

    Direct Warehousing, aya logistics, M.J.brickhaus Development,LLC, Mid-West Moving & Storage

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.963135
    Latitude
    42.0141802

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    FAQs

    What type of property is this?
    Warehouse - 15,965 SF industrial building with office space for lease/sale.
    Where is this warehouse located?
    The property is located at 1515 Louis Ave Elk Grove Village, IL.
    What are key features of this property?
    This property features: - Rare free-standing building in O’Hare submarket; - 15,965 SF including **3,000 SF office space**; - Close proximity to I-90 and Rt. 83
    (773) 627-7847
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    1515 Louis Ave Elk Grove Village, IL 60007
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    Realmo Value Estimation

    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.

    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.

    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
    1515 Louis Ave Elk Grove Village, IL 60007
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