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    1020-1040 W Devon Ave Elk Grove Village, IL 60007

    For Sale
    $250,000

    1,500 SF endcap industrial condo with office and mezzanine.

    Property size:
    1,500 SF
    Lot size:
    0.88 Acres

    Property Features for 1020-1040 W Devon Ave

    General Information

    Size
    1,500 SF
    Lot size
    0.88 Acres

    Source: Brown Commercial Group Agent Candace Scurto

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

    Overview

    Elk Grove Industrial Condo

    This 1,500 square foot industrial condo in Elk Grove Village features 500 square feet of office space and an additional 500 square foot bonus mezzanine. The unit has 14-foot clear ceilings and includes one drive-in door. It is equipped with sprinklers and floor drains. The association dues are $225 per month.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Asher Event Services, Budzinski Services Inc, Nena's Kitchen21 LLC

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -88.0259316
    Latitude
    41.9929778

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    FAQs

    What type of property is this?
    Flex space - 1,500 SF endcap industrial condo with office and mezzanine.
    Where is this flex space located?
    The property is located at 1020-1040 W Devon Ave Elk Grove Village, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - 1,500 SF Endcap Industrial Condo; - Includes 500 SF of Office Space; - Features **500 SF Bonus Mezzanine Space**
    (847) 758-9200
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    1020-1040 W Devon 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
    1020-1040 W Devon Ave Elk Grove Village, IL 60007
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