Industrial Building with Loading
For Sale
$1,350,000
115-119 Joey Drive, Elk Grove Village, IL 60007
Two-unit industrial building with convenient loading and established location.
Property Size12,800 SF
Price / SF$105.47
Days on Market247
Property Features for 115-119 Joey Drive
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Industrial
Listing Agency:
(847) 758-9200
Listed By:
Candace Scurto
Source:
Browncommercialgroup
Added: Nov 25, 2025
Changed: Jul 10
Last Checked: Jul 30 at 3:09AM
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 Candace Scurto
Investment Insights
Based on property information with market context.
This 12,800-square-foot industrial building features two units and convenient loading capabilities. The property benefits from heavy power and partial air conditioning, along with some newer mechanical systems. Located in an established industrial park, the property provides easy access to major transportation routes, including Route 72, Route 83, and I-90, offering convenient access to the O'Hare market area. One unit is currently occupied by a tenant with a lease extending through March 2026. This property presents an opportunity for both owner-occupiers and investors.
Key Highlights
- Tenant in place through March 2026 providing immediate income.
- 12,800 sf building with great loading.
- Established industrial park location with easy access to Rt. 72, Rt. 83, and I‑90.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.9k | $6.48 |
| − Vacancy | −$4.2k | −$0.33 |
| EGI | $78.7k | $6.15 |
| − OpEx | −$11.8k | −$0.92 |
| NOI | $66.9k | $5.23 |
12,800 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$955.8K
$836.3K – $1.12M
NOI $66,907 @ 7.0% cap · market cap 4.96%
Second Best
Industrial
$787.1K
$688.8K – $918.3K
NOI $55,100 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,348 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60007, IL
33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,860
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Yard space — Arlington Heights, IL 60005
- Lineage — 600 E Brook Dr, Arlington Heights, IL 60005
Frequently Asked Questions
What type of property is this?
Warehouse - Two-unit industrial building with convenient loading and established location.
Where is this warehouse located?
The property is located at 115-119 Joey Drive Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Tenant in place through March 2026 providing immediate income.; 12,800 sf building with great loading.; Established industrial park location with easy access to Rt. 72, Rt. 83, and I‑90.
