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

    1550 Arthur Ave Elk Grove Village, IL 60007

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

    50,000 SF manufacturing warehouse with heavy power for rent.

    Property size:
    50,000 SF
    Lot size:
    2.31 Acres

    Property Features for 1550 Arthur Ave

    General Information

    Size
    50,000 SF
    Lot size
    2.31 Acres

    We can help!

    Listing Contact
    Mike Sedjo
    Mike Sedjo
    Source: Moodyscre

    Listing Agency: CBRE | Chicago Listing Agent: Mike Sedjo

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

    Learn more

    Property Insight Report

    Overview

    Manufacturing Warehouse with Heavy Power

    This 50,000 square foot free-standing building is suitable for manufacturing and warehouse use. The property features heavy power and LED lighting throughout the warehouse. It is located just off Route 83 and minutes from I-90 and I-390. There is potential for a 6B tax abatement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allstar Fasteners Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.9617331
    Latitude
    41.9962331

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Suite in Elk Grove

      Updated office suite in a thriving commercial area for lease.
      1080 Nerge Rd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Retail Space in Elk Grove

      1,850 SF retail/office space in high-traffic Elk Grove Village.
      1116 W Devon Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Elk Grove Village Flex Space

      Meticulously maintained flex space ideal for industrial and office operations.
      1425 Louis Ave, Elk Grove Village, IL 60007
      View Details
    • $14 SF/Yr

      Flexible Industrial Space Available

      Industrial and flex space available for rent.
      925 Chase Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      High Image Commercial Property

      Commercial property near O’Hare Airport available for rent.
      901-951 Cambridge Dr, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Renovated Commercial Space Available

      Fully renovated commercial property in excellent condition, ready for occupancy.
      820 Nicholas Blvd, Elk Grove Village, IL 60007
      View Details
    • $8 SF/Yr

      Industrial Units in O'Hare Area

      Industrial units for lease in convenient O'Hare market area.
      400-490 Bonnie Ln, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Elk Grove Village Retail Space

      Versatile space with showroom in Elk Grove Village.
      1300 Pratt Blvd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      42,070 SF

      Elk Grove Village Manufacturing Space

      42,070 SF manufacturing space in Elk Grove Village.
      2001 Estes Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      New Office Space For Lease

      New office space available in O'Hare market area.
      1340-1370 East Higgins Rd, Elk Grove Village, IL 60007
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 50,000 SF manufacturing warehouse with heavy power for rent.
    Where is this manufacturing property located?
    The property is located at 1550 Arthur Ave Elk Grove Village, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Free-standing building; - Heavy power for manufacturing; - LED lights throughout warehouse
    (847) 706-4913 Call to check price and availability
    Request Owner's contact information
    1550 Arthur Ave Elk Grove Village, IL 60007
    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.
    1550 Arthur Ave
    Elk Grove Village, IL 60007
    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
    1550 Arthur Ave Elk Grove Village, IL 60007
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Sedjo
    Mike Sedjo
    (847) 706-4913 (312) 935-1400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!