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O'Hare Area Freestanding Building
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1515 Louis Ave, Elk Grove Village, IL 60007

15,965 SF flex/industrial building near I-90 and Rt. 83.

Space Size15,965 SF
Days on Market327

Property Features for 1515 Louis Ave

General Information

Standard status Active
Size 15,965 SF
Property subtype INDUSTRIAL

Spaces For Lease

at 1515 Louis Ave Contact us

1515 Louis Ave

Floor
Bldg
Size
15,965 SF
Type
INDUSTRIAL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- For lease or sale, 15,965 SF including 3,000 SF office, 14' clear, 2 interior docks,...
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Listing Agency: Colliers | Chicago Rosemont
Listed By: Jonathan Kohn
Source: Moodyscre
Added: Oct 13, 2025 Changed: Sep 4 Last Checked: Sep 3 at 5:37AM

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 Colliers | Chicago Rosemont

Investment Insights

Based on property information with market context.

This 15,965 square foot freestanding building, suitable for lease or sale, includes 3,000 square feet of office space. The warehouse area features a 14-foot clear height, two interior docks, and one drive-in door. The property provides parking space for 20 cars. Located in the O’Hare submarket, it offers convenient access to I-90 and Route 83. It can be used as flex space, industrial property, office units, office space, warehouses, other warehouses, and general commercial real estate.

Key Highlights

  • Rare free‑standing building in O’Hare submarket
  • Close proximity to I‑90, Rt. 83
  • 15,965 SF including 3,000 SF office**

Property Analytics

Current Use

System II Transportation ... Trucking Company CRP Holdings Holding Company

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Real Estate Agency Nail Salon Restaurant

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,240
Businesses Nearby
Balanced
Demand for This Use

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

Market

Lease Benchmarks for Elk Grove Village, IL

$12.69 /SF/Yr
Avg Asking Price
$11.95–$14 /SF/Yr
Price Range
43,557 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
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Similar Off Market Nearby

  • Pierogi Rig 410 Bonnie Ln, Elk Grove Village, IL 60007

Frequently Asked Questions

What type of property is this?
Flex space - 15,965 SF flex/industrial building near I-90 and Rt. 83.
Where is this flex space located?
The property is located at 1515 Louis Ave Elk Grove Village, IL.
What are key features of this property?
This property features: Rare free‑standing building in O’Hare submarket; Close proximity to I‑90, Rt. 83; 15,965 SF including 3,000 SF office**
(773) 627-7847 Call to check price and availability
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