Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2082 Estes Ave Elk Grove Village, IL 60007

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

    Warehouse with yard space, remodeled in 2025, convenient location.

    We can help!

    Listing Contact
    Pat Crowley
    Pat Crowley
    Source: Browncommercialgroup

    Listing Agent: Pat Crowley

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

    Learn more

    Overview

    Industrial Building with Yard Space

    This industrial building features yard space and is located in an established industrial park. The building was remodeled in 2025 and had a new roof installed in 2019. Its location provides convenient access to major transportation routes via nearby Route 83 and I-90. The property is suitable for contractor storage.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel Accounting Firm

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

    Similar Places Nearby

    Go Mini's of Chicago Lake Cook, Commercial Record Center Inc, Hollander International Storage & Moving, Hollander International Storage & Moving, American Van Lines, Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.9515612
    Latitude
    42.0065104

    Nearby Similar for Sale

    • New
      $3,100,000
      14,850 SF

      Turn-Key Food Manufacturing Facility

      FDA/USDA approved food manufacturing facility near O'Hare Airport.
      99999 Confidential Ave, Elk Grove Village, IL 60007
      View Details
    • $832,000
      8,000 SF

      Free-Standing Industrial Building For Sale

      8,000 SF industrial building with ample office and warehouse space.
      221 Lively Blvd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      52,126 SF

      Medical Office Center Near Hospital

      Single-story medical office center adjacent to Ascension Alexian Brothers Medical Center.
      901 Biesterfield Rd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      8,524 SF

      O'Hare Area Industrial Building

      Industrial building with office space in O'Hare market area.
      1301 Brummel Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Elk Grove Village Industrial Property

      High-image industrial property with upgraded offices and air-conditioned warehouse.
      1420 Chase Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Freestanding Industrial Building For Sale

      Well-maintained industrial building with office space and functional layout.
      1651 Lively Blvd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      89,965 SF

      Elk Grove Village Drive-In Property

      Professionally managed property with oversized drive-in doors and truck repair potential.
      801 Chase Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      91,937 SF

      Elk Grove Village Industrial Unit

      21,827 SF industrial unit near O'Hare Airport.
      1400 Morse Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Elk Grove Industrial Building

      10,000 SF industrial building with docks and drive-ins.
      1535-1555 Brummel Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Renovated Commercial Property For Sale

      Fully renovated commercial property in excellent condition, available for sale.
      800 Nicholas Blvd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Industrial Building in Elk Grove

      Freestanding building in established O'Hare market industrial park.
      50 Joey Dr, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      8,625 SF

      O'Hare Area Industrial Building

      Free-standing industrial building in established O'Hare market area.
      1440 Louis Ave, Elk Grove Village, IL 60007
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse with yard space, remodeled in 2025, convenient location.
    Where is this warehouse located?
    The property is located at 2082 Estes Ave Elk Grove Village, IL.
    What are key features of this property?
    This property features: - Remodeled in 2025; - Easy access to major transportation routes (Rt. 83, I-90); - Located in established industrial park
    (847) 758-9200
    Request Owner's contact information
    2082 Estes 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.
    2082 Estes 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
    2082 Estes 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!
    Listing Contact
    Pat Crowley
    Pat Crowley
    (847) 758-9200 (847) 775-0350
    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!