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

    5300 Katrine Ave Downers Grove, IL 60515

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    109,000 SF industrial space available for sublease in Downers Grove.

    Type:industrial
    Property size:
    109,000 SF
    Added:
    Apr 15, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 14 at 8:12 pm

    Property Features for 5300 Katrine Ave

    General Information

    Standard status
    Active
    Size
    109,000 SF
    Property subtype
    industrial

    Spaces For Lease

    at 5300 Katrine Ave Contact us

    We can help!

    Listing Contact
    Kate Coxworth
    Kate Coxworth

    Listing agent Kate Coxworth License #475183580

    Listing office Chicago

    Listing date Apr 15, 2026

    Source Property.jll

    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 Chicago

    Overview

    Downers Grove Industrial Sublease Opportunity

    Available for sublease is an industrial space located at 5300 Katrine Ave, Downers Grove, Illinois. The property offers 109,000 square feet of divisible space. The first floor office space measures 12,000 square feet, with an additional 5,200 square feet of office space on the second floor. The warehouse area features a 16-foot clear height, four interior docks equipped with 35,000 LB levelers, and column spacing of 40'x40'. The flooring is constructed with 7" unreinforced material. The property is PCI DSS, GSMA, and ISO 7 clean room compliant. The location provides convenient access, being just 3 minutes from I-355 and 10 minutes from RT 34, I-355, and the I-88 interchange. The lease expires on 10/31/2028.
    Location Intelligence

    Current Use by Public Records

    Valid USA Marketing & Advertising Systech Enterprises Computer & Electronic Repair

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Storage Space Downers Grove, IL — 2701 wisconsin ave, downers grove, il 60515
    • A-1 Storage of Downers Grove — 2701 Wisconsin Ave, Downers Grove, IL 60515
    • Shipux LLC — 2300 Wisconsin Ave Ste 226, Downers Grove, IL 60515
    • Action Towing Inc. — 5040 Chase Ave, Downers Grove, IL 60515

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0488339
    Latitude
    41.7902993

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Downers Grove Office Suites

      Furnished office suites in a renovated historic building.
      5120 Main Street, Downers Grove, IL 60515
      View Details
    • Sponsored
      Contact for pricing

      Executive Towers West

      1431 Opus Pl, Unit 110, Downers Grove, IL 60515
      View Details
    • $37/mo

      Dental Suite in Professional Setting

      Fully equipped dental suite with 4 operatories for rent.
      3000 Woodcreek Dr Ste 130, Downers Grove, IL 60515
      View Details
    • $16/mo

      Downers Grove Office Space Available

      Office space for rent in Downers Grove, Illinois.
      2651-2655 Warrenville Rd, Downers Grove, IL
      View Details
    • $14/mo

      Downers Grove Office Space Available

      Office space for lease in Downers Grove, Illinois.
      1100 W 31st Street, Downers Grove, IL, 60515
      View Details
    • $19/mo

      Downers Grove Office Space Available

      Office building with convenient access and prominent signage opportunities.
      3075 Highland Parkway, Downers Grove, IL, 60515
      View Details
    • Contact for pricing

      Downers Grove Office Space Available

      Office space for rent near shopping and major highways.
      3041 Woodcreek Dr, Downers Grove, IL 60515
      View Details
    • $12/mo

      Industrial Space Near I-355

      Industrial space for rent with I-355 access.
      2460-2478 Wisconsin Ave, Downers Grove, IL 60515
      View Details
    • $11/mo

      Downers Grove Office Space Available

      Office space for rent with convenient highway access.
      2737-2779 Finley Rd, Downers Grove, IL
      View Details
    • $28/mo

      Downers Grove Retail Space Available

      Retail space for lease in Downers Park Plaza.
      7451 Lemont Rd, Downers Grove, IL
      View Details
    • Contact for pricing

      Retail Space on Ogden Avenue

      Retail space available on busy Ogden Avenue with high visibility.
      1105-1117 Ogden Ave, Downers Grove, IL
      View Details
    • $42/mo

      Former Urgent Care Outlot

      Well-equipped retail/medical space in prime location.
      1560 75th St, Downers Grove, IL
      View Details

    FAQs

    What type of property is this?
    Warehouse - 109,000 SF industrial space available for sublease in Downers Grove.
    Where is this warehouse located?
    The property is located at 5300 Katrine Ave Downers Grove, IL.
    What are key features of this property?
    This property features: 109,000 SF (divisible) industrial space available for sublease; Lease expiration 10/31/2028; PCI DSS; GSMA; ISO 7 clean room compliant
    (312) 450-5655
    We can help!
    Listing Contact
    Kate Coxworth
    Kate Coxworth
    Real Estate License ID: 475183580
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!