Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1600 Downs Drive West Chicago, IL 60185

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial property available for lease in West Chicago, Illinois.

    Type:Industrial
    Added:
    Aug 1, 2018
    Days on Market:
    2813
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1600 Downs Drive

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 1600 Downs Drive Contact us

    We can help!

    Listing Contact
    Michael Androwich, Jr.

    Listing agent Michael Androwich, Jr. License #IL 475160021

    Listing office Lee & Associates - Chicago

    Listing date Aug 1, 2018

    Source Crexi

    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 Lee & Associates - Chicago

    Overview

    Industrial Property for Lease

    This industrial property is available for lease and is located at 1600 Downs Drive in West Chicago, Illinois. The property is zoned for industrial and commercial real estate use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Image Display, Inc. Exhibit Zenith Rubber USA Distribution Center Midwest Event Solutions Theater & Performing Art Venue

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Auto Parts Store Skin Care Clinic Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Chicago
    County
    DuPage
    State
    Illinois
    Longitude
    -88.2358
    Latitude
    41.8852502

    Nearby Similar for Lease

    • Contact for pricing

      West Chicago Office Space Available

      Office space with utilities included and convenient highway access.
      108 Sherman Street, West Chicago, IL 60185
      View Details
    • $12/mo

      West Chicago Flex/Industrial Space

      Premier flex/industrial space with private entries and highway access.
      1275 W. Roosevelt Road, West Chicago, IL 60185
      View Details
    • Contact for pricing

      West Chicago Warehouse Space Available

      35,000 SF warehouse space for lease in West Chicago.
      770-784 W. Hawthorne Ln., West Chicago, IL 60185
      View Details
    • $10/mo

      Industrial Space Available for Lease

      18,000 SF industrial space available for lease in West Chicago.
      1100 Carolina Drive, West Chicago, IL, 60185
      View Details
    • Contact for pricing

      Prime Retail Anchor Opportunity

      78,271 SF retail space with high traffic and income.
      1935 North Neltnor Boulevard, West Chicago, IL, 60185
      View Details
    • Contact for pricing

      West Chicago Warehouse with Storage

      Warehouse space featuring tall ceilings, oversized doors, and mezzanine storage.
      770 W Hawthorne Ln, West Chicago, IL
      View Details
    • Contact for pricing

      West Chicago Commercial Building For Lease

      11,950 sq ft building suitable for school, daycare, office.
      331 George Street, West Chicago, IL 60185
      View Details
    • $7/mo

      West Chicago Warehouse Space Available

      67,339 sq ft warehouse space for lease.
      1000 Harvester Road, West Chicago, IL 60185
      View Details
    • Contact for pricing

      West Chicago Truck Parking Available

      Professionally managed property with onsite truck parking and newer roof.
      1600 Downs Dr., West Chicago, IL 60185
      View Details
    • Contact for pricing

      West Chicago Specialty Property

      Specialty property available for rent in West Chicago, Illinois.
      1800 W. Hawthorne Ln., West Chicago, IL 60185
      View Details
    • $14/mo

      Retail Space in Sandpiper Square

      Flexible retail/office space in a high-traffic location.
      110 S Neltnor Blvd, West Chicago, IL
      View Details
    • $9/mo

      West Chicago Industrial Flex Space

      67,500 SF industrial flex space with fenced yard.
      1400 Powis Rd, West Chicago, IL
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial property available for lease in West Chicago, Illinois.
    Where is this industrial property located?
    The property is located at 1600 Downs Drive West Chicago, IL.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Androwich, Jr.
    Real Estate License ID: IL 475160021
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!