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Melrose Park Warehouse Sublease Available
For Lease
$7.95 SF/Yr

2050 Cornell Avenue, Melrose Park, IL 60160

New construction warehouse sublease with office space in Melrose Park.

Space SizeContact for details
Property Size196,212 SF
Days on Market250

Property Features for 2050 Cornell Avenue

General Information

Standard status Active
Size 196,212 SF
Property subtype Industrial
Lease Type Direct
Listing Agency: CBRE | Chicago
Listed By: Jimmy Kowalczyk
Source: Cbre
Added: Dec 3, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:57AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

A sublease opportunity exists in a new construction warehouse located at the southwest corner of Armitage Avenue and Cornell Avenue in Melrose Park. The available space measures approximately 196,212 square feet within a larger 706,866 square foot building. The space includes approximately 3,572 square feet of office space. The warehouse features a 40-foot ceiling height, one drive-in door, and 21 exterior docks, including 8 ULD exterior docks. It is ESFR sprinklered. There are 169 car parking spaces and 36 trailer parking stalls. The truck court is 130 feet. Both short and long-term sublease options are available.

Key Highlights

  • Sublease of ±196,212 SF available in new construction.
  • Benefit from a 40' Ceiling Height.
  • Includes 21 Exterior docks (plus 8 ULD docks).

Property Analytics

Current Use

Ceva Logistics Trucking Company Ceva logistic Trucking Company

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Pharmacy Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.19 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

681
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60160, IL

24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Similar Off Market Nearby

  • U-Stor-It Self Storage - Melrose Park 4501 W North Ave, Melrose Park, IL 60160
  • Joyce Bros Storage & Van Co 1915 Janice Ave, Melrose Park, IL 60160

Frequently Asked Questions

What type of property is this?
Warehouse - New construction warehouse sublease with office space in Melrose Park.
Where is this warehouse located?
The property is located at 2050 Cornell Avenue Melrose Park, IL.
What is the lease rate?
The lease rate is $7.95 SF/Yr.
What are key features of this property?
This property features: Sublease of ±196,212 SF available in new construction.; Benefit from a **40' Ceiling Height.**; Includes **21 Exterior docks** (plus 8 ULD docks).
More about this property
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