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    2050 Cornell Ave Melrose Park, IL 60160

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    For Lease
    $9 SF/Yr

    New construction warehouse sublease with office space in Melrose Park.

    Property size:
    196,212 SF
    Lot size:
    196,212 SF

    Property Features for 2050 Cornell Ave

    General Information

    Size
    196,212 SF

    Source: Jimmy Kowalczyk Agent Jimmy Kowalczyk

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

    Overview

    Melrose Park Warehouse Sublease Available

    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.
    Location Intelligence

    Current Use by Public Records

    Ceva Logistics Trucking Company Ceva logistic Trucking Company

    Suggested Use

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

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

    Similar Places Nearby

    U-Stor-It Self Storage - Melrose Park, Joyce Bros Storage & Van Co

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8756797
    Latitude
    41.9126014

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    FAQs

    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 Ave Melrose Park, IL.
    What is the lease rate?
    The lease rate is $9 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).
    (630) 368-5548
    Request Owner's contact information
    2050 Cornell Ave Melrose Park, IL 60160
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    Melrose Park, IL 60160
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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
    2050 Cornell Ave Melrose Park, IL 60160
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