Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Property Near Expressways Title is generated by Realmo AI

    1820 N 30th Street, Melrose Park, IL 60160

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Distribution center with access to expressways and airports.

    Type:industrial.warehouse_distribution
    Added:
    Mar 7, 2026
    Days on Market:
    91
    Last Refresh:
    Mar 7 at 7:06 pm

    Property Features for 1820 N 30th Street

    General Information

    Standard status
    Active
    Property subtype
    industrial.warehouse_distribution

    We can help!

    Listing Contact
    Nick Fazio
    Nick Fazio

    Listing agent Nick Fazio

    Listing office Avison Young - US - IL - Chicago

    Listing date Mar 7, 2026

    Source Avisonyoung

    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 Avison Young - US - IL - Chicago

    HighLights

    • Quick access to I‑294 & I‑290 expressways
    • Close proximity to O'Hare & Midway airports
    • Ample truck docks available
    • Access to sizable and skilled labor force

    Overview

    This industrial property, suitable for use as a distribution center, offers ample truck docks. It provides quick access to I-294 and I-290 expressways and is in close proximity to O'Hare and Midway airports. The location also provides access to a sizable and skilled labor force.
    Location Intelligence

    Current Use by Public Records

    Gene Goodwillie Inc Professional Services

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8706354
    Latitude
    41.9071253

    Nearby Similar for Sale

    • $399,900

      Commercial Building on Mannheim Road

      Free-standing commercial building with high visibility and traffic count.
      2345 N Mannheim Road, Leyden Township, IL 60164
      View Details
    • $674,700

      Ranch Brick Duplex in Melrose

      Updated duplex with finished basement, balconies, and fenced yard.
      1315 N 17th Avenue, Melrose Park, IL 60160
      View Details
    • $850,000
      10,060 SF

      Melrose Park Manufacturing Warehouse

      10,060 SF manufacturing warehouse with two units.
      1605 N 31st Ave, Melrose Park, IL 60160
      View Details
    • $749,000

      Melrose Park Multifamily Property

      Multifamily property in Melrose Park with large apartments and parking.
      1720 N 1st Avenue, Melrose Park, IL 60160
      View Details
    • $749,000

      Melrose Park Multifamily Opportunity

      Multifamily property in Melrose Park with six apartments and parking.
      1730 N 1st Avenue, Melrose Park, IL 60160
      View Details
    • $879,700

      Turnkey Multifamily in Melrose Park

      Six-unit multifamily property with refreshed units and strong rental income.
      805 N 22nd Avenue, Melrose Park, IL 60160
      View Details
    • $480,000

      Melrose Park Brick Two-Flat

      Solid brick 2-flat, ideal for investors, fully occupied.
      2029 19th Avenue, Melrose Park, IL 60160
      View Details
    • $429,000

      Two-Unit Property with Garage

      Oversized two-unit property on a corner lot with garage.
      1402 N 15th Avenue, Melrose Park, IL 60160
      View Details
    • $1,100,000

      Melrose Park Land For Sale

      Commercial land available in Melrose Park, Illinois.
      2305 N Mannheim Road, Melrose Park, IL 60164
      View Details
    • $1,750,000
      22,200 SF

      Melrose Park Warehouse Opportunity

      22,200 SF warehouse on 1.06 acres near O’Hare Airport.
      4817 W Lake St, Melrose Park, IL 60160
      View Details
    • $749,000

      Melrose Park Multifamily Investment Opportunity

      Six-unit building with recent updates and parking.
      1720 North 1st Avenue, Melrose Park, IL 60160
      View Details
    • $749,000

      Melrose Park Multifamily Investment Opportunity

      Six-unit building with recent upgrades and parking.
      1730 North 1st Avenue, Melrose Park, IL 60160
      View Details

    FAQs

    What type of property is this?
    Distribution center - Distribution center with access to expressways and airports.
    Where is this distribution center located?
    The property is located at 1820 N 30th Street Melrose Park, IL.
    What are key features of this property?
    This property features: Quick access to I‑294 & I‑290 expressways; Close proximity to O'Hare & Midway airports; Ample truck docks available
    (312) 860-1577
    We can help!
    Listing Contact
    Nick Fazio
    Nick Fazio
    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

    Thank You for Inquiry
    1820 N 30th Street, Melrose Park, Illinois 60160
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!