Two-Unit Industrial
For Sale
$1,300,000
135 Martin Ln, Elk Grove Village, IL 60007
Brick industrial facility with separate access, loading capabilities, paved parking, and flexible occupancy options.
Property Size11,400 SF
Lot Size0.66 Acres
Price / SF$114.04
Days on Market48
Property Features for 135 Martin Ln
General Information
Standard status
Active
Size
11,400 SF
Total Parking Spaces
20
Lot size
0.66 Acres
Zoning
I-1
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
1
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Asking Price
$1,300,000
Highway Access
Yes
Building Details
Year Built
1974
Buildings
1
Stories
1
Building Size
11,400 SF
Construction
brick
Tenancy
Multi
Listing Agency:
RE/MAX Suburban
Listed By:
Jason Bitton · License #475170841
(847) 259-0202
Source:
Grandviewrealtyservices
Added: Sep 8
Changed: Oct 1
Last Checked: Oct 7 at 5:05PM
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 RE/MAX Suburban
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Investment Insights
Based on property information with market context.
Built in 1974, this one-story brick warehouse property is arranged as two separately accessed units on a 0.66-acre parcel. Unit B contains approximately 4,200 SF, a 10-foot drive-in door, semi-truck dock, front and private offices, two restrooms, overhead heaters, and three-phase electrical service. Unit A contains approximately 7,200 SF, a 12-foot drive-in door, warehouse and private offices, kitchenette, mezzanine, restrooms, and a foreman’s office. Clear height is approximately 14 feet.
Unit B is vacant and available at closing. Unit A is leased through June 30, 2027, with no renewal options. The property includes approximately 20 paved parking spaces at the front and a paved rear yard on a 250-foot-deep lot. The roof is a mechanically attached TPO system installed in 2007 and inspected during 2025-26. Zoning is I-1 Restricted Industrial District, with multiple industrial and office uses permitted by right; intended use should be verified with the Village.
The property is positioned between Higgins Road (IL 72) and the Jane Addams Tollway. I-90 access points are 1.1 and 2.5 miles away, while O’Hare’s cargo area is 6.8 miles away.
Unit B is vacant and available at closing. Unit A is leased through June 30, 2027, with no renewal options. The property includes approximately 20 paved parking spaces at the front and a paved rear yard on a 250-foot-deep lot. The roof is a mechanically attached TPO system installed in 2007 and inspected during 2025-26. Zoning is I-1 Restricted Industrial District, with multiple industrial and office uses permitted by right; intended use should be verified with the Village.
The property is positioned between Higgins Road (IL 72) and the Jane Addams Tollway. I-90 access points are 1.1 and 2.5 miles away, while O’Hare’s cargo area is 6.8 miles away.
Key Highlights
- Two separately accessed industrial units totaling approximately 4,200 SF and 7,200 SF
- Unit B is vacant at closing and includes a semi‑truck dock plus 10' drive‑in door
- Unit A lease runs through June 30, 2027, with no renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,589
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,780
$1.2M
Cap Rate 7%
$851,271
$851.3K
Cap Rate 9%
$662,100
$662.1K
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$73.9K $6.48/SF
− Vacancy
−$3.8K −$0.33/SF
EGI
$70.1K $6.15/SF
− OpEx
−$10.5K −$0.92/SF
NOI
$59.6K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,780
Cap Rate 7%
$851,271
Cap Rate 9%
$662,100
Alternative Uses
Best Use
Warehouse
$851.3K
$744.9K – $993.2K
NOI $59,589 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.94M
$3.44M – $4.59M
NOI $275,513 @ 7.0% cap · market cap 21.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60007, IL
33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,860
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Yard space — Arlington Heights, IL 60005
- Lineage — 600 E Brook Dr, Arlington Heights, IL 60005
Frequently Asked Questions
What type of property is this?
Warehouse - Brick industrial facility with separate access, loading capabilities, paved parking, and flexible occupancy options.
Where is this warehouse located?
The property is located at 135 Martin Ln Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two separately accessed industrial units totaling approximately 4,200 SF and 7,200 SF; Unit B is vacant at closing and includes a semi‑truck dock plus 10' drive‑in door; Unit A lease runs through June 30, 2027, with no renewal options
