Newly Renovated Single-Tenant
For Sale
Contact for pricing
1612 Glenlake Ave, Itasca, IL 60143
Newly renovated single-tenant industrial building on 4.79 acres, offered via a 15-year sale-leaseback structure.
Property Size120,925 SF
Lot Size4.79 Acres
Days on Market132
Property Features for 1612 Glenlake Ave
General Information
Standard status
Active
Size
120,925 SF
Lot size
4.79 Acres
Property subtype
Industrial, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Quantum Real Estate Advisors
Listed By:
Chad Firsel · License #IL 471001133
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 6:02PM
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 Quantum Real Estate Advisors
Investment Insights
Based on property information with market context.
Newly renovated, single-tenant industrial building totaling 120,925 SF is being offered as a sale-leaseback opportunity. The property is positioned as a “zero landlord responsibility” structure, with the proposed initial term of 15 years and annual rental increases commencing upon completion of the sale.
The facility is located at 1612 Glenlake Avenue in Itasca, IL, within the Itasca Industrial Business Park. The remarks indicate the property is adjacent to the newly constructed I-390 expressway, with direct access to O’Hare International Airport and within an area described as having the largest concentration of industrial properties in the U.S.
The offering is tied to St Regis Group, described in the remarks as the largest manufacturer and supplier of corporate awards, recognition, and giftware products to distributors within the promotional products industry, and as an “essential business” providing PPE supplies.
The facility is located at 1612 Glenlake Avenue in Itasca, IL, within the Itasca Industrial Business Park. The remarks indicate the property is adjacent to the newly constructed I-390 expressway, with direct access to O’Hare International Airport and within an area described as having the largest concentration of industrial properties in the U.S.
The offering is tied to St Regis Group, described in the remarks as the largest manufacturer and supplier of corporate awards, recognition, and giftware products to distributors within the promotional products industry, and as an “essential business” providing PPE supplies.
Key Highlights
- Newly renovated 120,925 SF single‑tenant industrial building at 1612 Glenlake Avenue, Itasca, IL
- Offered as a 15‑year sale‑leaseback with the tenant, St Regis Group
- Sale‑leaseback includes zero landlord responsibility and annual rental increases beginning upon sale completion
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 60143, IL
11,214
Population
4,879
Households
2.3
Avg Household Size
42
Median Age
48%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
1,602
Density / Sq Mi
$112,247
Median Household Income
$61,706
Median Earnings
$1,775
Median Rent
$386,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Newly renovated single-tenant industrial building on 4.79 acres, offered via a 15-year sale-leaseback structure.
Where is this manufacturing property located?
The property is located at 1612 Glenlake Ave Itasca, IL.
What are key features of this property?
This property features: Newly renovated 120,925 SF single‑tenant industrial building at 1612 Glenlake Avenue, Itasca, IL; Offered as a 15‑year sale‑leaseback with the tenant, St Regis Group; Sale‑leaseback includes zero landlord responsibility and annual rental increases beginning upon sale completion
