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Industrial Flex Unit with Office
For Lease
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1390 Gateway Dr, Elgin, IL 60124

Industrial flex space includes 1,240 sq. ft. of office and 20' ceiling height under joists.

Space Size7,920 SF
Days on Market792

Property Features for 1390 Gateway Dr

General Information

Standard status Active
Size 7,920 SF
Property subtype INDUSTRIAL
Lease Type NNN

Warehouse & Industrial

Clear Height 20 ft
Heavy Power Yes

Additional Details

Highway Access Yes

Spaces For Lease

at 1390 Gateway Dr Contact us

1390 Gateway Dr

Floor
1
Size
7,920 SF
Type
INDUSTRIAL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Internet service provided by comcast and AT&T - Convenient access to I-90 via Randall...
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Listing Agency: Cawley Chicago
Listed By: Matt Garland
Source: Moodyscre
Added: Jul 12, 2024 Changed: Sep 10 Last Checked: Sep 10 at 9:38AM

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 Cawley Chicago

Investment Insights

Based on property information with market context.

This industrial flex unit is available for lease in the Elgin corporate center, with a total available area of 7,920 square feet including 1,240 square feet of office space. The space is set up with 20’ ceiling height under joists and electrical service rated at 400 amp, 120/208V, 3-phase.

Convenient access is provided to I-90 via Randall Rd, with O’Hare approximately 30 minutes away.

Additional service information includes internet availability from Comcast and AT&T. Utility and operating charges referenced are taxes and CAM totaling $1.72 PSF and $2.50 PSF, respectively.

Key Highlights

  • Industrial flex space available for lease in the Elgin corporate center
  • Total available: 7,920 SF with 1,240 SF office space
  • 20' ceiling height under joists

Property Analytics

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Open Analytics

Current Use

Thermosystems, LLC HVAC Service Backer Heating Tech ... HVAC Service MultiCam North Central Industrial Manufacturer Powerhouse Competition Air Industrial Manufacturer

Suggested Use

Top Pick Restaurant Auto Repair Shop Grocery & Convenience Store Pharmacy Gym & Fitness Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft
Clear height
Yes
Heavy power
Yes
Highway access
$1.72 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

671
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60124, IL

24,859
Population
8,806
Households
2.8
Avg Household Size
42
Median Age
50%
College-Educated
96%
High-School Grad
38.2 sq mi
ZIP Area
651
Density / Sq Mi
$135,350
Median Household Income
$66,217
Median Earnings
$1,956
Median Rent
$403,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Elgin, IL

$12.39 /SF/Yr
Avg Asking Price
$8–$17 /SF/Yr
Price Range
64,400 SF
Avg Space Size

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial flex space includes 1,240 sq. ft. of office and 20' ceiling height under joists.
Where is this flex space located?
The property is located at 1390 Gateway Dr Elgin, IL.
What are key features of this property?
This property features: Industrial flex space available for lease in the Elgin corporate center; Total available: 7,920 SF with 1,240 SF office space; 20' ceiling height under joists
(312) 339-9015 Call to check price and availability
More about this property
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