Flex Industrial Building with
For Sale
Contact for pricing
998 Corporate Blvd, Aurora, IL 60502
Repurpose-ready industrial building with outside storage for trucks and equipment and expansion land for additional growth.
Property Size49,332 SF
Price / SF$160.14
Days on Market1176
Property Features for 998 Corporate Blvd
General Information
Standard status
Active
Size
49,332 SF
Property subtype
SPECIALTY
Site & Location
Neighborhood
Big Woods Marmion
Highway Access
Yes
Outdoor Storage
Yes
Listing Agency:
O'Donnell Commercial Real Estate, Inc.
(630) 444-0444
Listed By:
Kevin O'Donnell
(630) 400-7327
Source:
Moodyscre
Added: Aug 7, 2023
Changed: Oct 9
Last Checked: Oct 23 at 8:07AM
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 O'Donnell Commercial Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex industrial property offers repurpose flexibility for industrial, manufacturing, distribution, and office uses, with outside storage available for trucks and equipment. The building is currently fully built out for a rehabilitation residence and school, and it has served as a special need rehabilitation school/residence.
Set in an industrial park near a four-way interchange of I-88 and Farnsworth, the location provides convenient access for industrial operations. The property is also positioned near the newly approved Aurora casino/resort/convention center and close to Aurora Chicago Premium Outlets.
In addition to the existing improvements, the site includes existing land for expansion, supporting future growth for users who need additional space.
Set in an industrial park near a four-way interchange of I-88 and Farnsworth, the location provides convenient access for industrial operations. The property is also positioned near the newly approved Aurora casino/resort/convention center and close to Aurora Chicago Premium Outlets.
In addition to the existing improvements, the site includes existing land for expansion, supporting future growth for users who need additional space.
Key Highlights
- Repurpose‑ready building for industrial, manufacturing, distribution, and office uses
- Outside storage available for trucks and equipment
- Existing land included for expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$723,683
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,473,660
$14.5M
Cap Rate 7%
$10,338,329
$10.3M
Cap Rate 9%
$8,040,922
$8.0M
Market Conditions
NOI Build-Up for 49,332 SF
Gross rent
$905.7K $18.36/SF
− Vacancy
−$54.3K −$1.10/SF
EGI
$851.4K $17.26/SF
− OpEx
−$127.7K −$2.59/SF
NOI
$723.7K $14.67/SF
Area
Aurora, IL
Vacancy
6.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,473,660
Cap Rate 7%
$10,338,329
Cap Rate 9%
$8,040,922
Alternative Uses
Best Use
Warehouse
$10.34M
$9.05M – $12.06M
NOI $723,683 @ 7.0% cap · market cap 9.16%
Second Best
Flex RnD
$8.95M
$7.83M – $10.44M
NOI $626,245 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$14.12M
$12.36M – $16.48M
NOI $988,613 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60502, IL
22,592
Population
8,695
Households
2.6
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
11.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$150,421
Median Household Income
$70,882
Median Earnings
$1,953
Median Rent
$389,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Repurpose-ready industrial building with outside storage for trucks and equipment and expansion land for additional growth.
Where is this flex space located?
The property is located at 998 Corporate Blvd Aurora, IL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Repurpose‑ready building for industrial, manufacturing, distribution, and office uses; Outside storage available for trucks and equipment; Existing land included for expansion
