Flex Industrial Building with
998 Corporate Blvd Aurora, IL 60502
For Sale
Contact for pricing
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 Market1085
Property Features for 998 Corporate Blvd
General Information
- Standard status
- Active
- Size
- 49,332 SF
- Property subtype
- SPECIALTY
Listing Agency:
O'Donnell Commercial Real Estate, Inc.
(630) 444-0444
Listed By:
Kevin O'Donnell
Source:
Moodyscre
Added: Aug 7, 2023
Changed: Jul 25
Last Checked: Jul 25 at 2:28AM
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.
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $905.7k | $18.36 |
| − Vacancy | −$54.3k | −$1.10 |
| EGI | $851.4k | $17.26 |
| − OpEx | −$127.7k | −$2.59 |
| NOI | $723.7k | $14.67 |
49,332 SF · lease $18.36/SF/yr · vacancy 6.00% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Snapshot Charts for CRM
Consultant
FAQs
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
