Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Freestanding Industrial Building For Sale Title is generated by Realmo AI

    1651 Lively Blvd, Elk Grove Village, IL 60007

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

    Well-maintained industrial building with office space and functional layout.

    Type:Industrial
    Property size:
    13,888 SF
    Lot size:
    0.96 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 11:10 pm

    Property Features for 1651 Lively Blvd

    General Information

    Standard status
    Active
    Size
    13,888 SF
    Lot size
    0.96 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Steve Connolly
    Steve Connolly

    Listing agent Steve Connolly License #IL 475128279

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Steve Connolly

    HighLights

    • Freestanding industrial building with 13,888 SF available
    • Strategic location in Cook County, only 2.5 miles from Interstate 90
    • Includes 2,050 SF of office space
    • Functional layout with 2 exterior docks and 1 drive‑in door
    • Ample power supply with 400 amps
    • 14' ceiling height

    Overview

    This well-maintained, brick freestanding industrial building is situated on 0.96 acres in Cook County. The property features 2,050 square feet of office space and an open, functional layout. The building provides 13,888 square feet of space available for sale, with a 14-foot ceiling height. Loading and unloading are facilitated by 2 exterior docks and 1 drive-in door. The electrical capacity is 400 amps. Located in Cook County, the property is approximately 2.5 miles from Interstate 90 and 7.8 miles from O'Hare International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

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

    Similar Places Nearby

    • B & B Catering Co — 261 richert rd, wood dale, il 60191

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.9696
    Latitude
    42.0022

    Nearby Similar for Sale

    • $640,000
      4,300 SF

      Elk Grove Industrial Condo

      End-unit industrial condo in Elk Grove Village Business Park.
      700 BONNIE Lane, Elk Grove Village, IL 60007
      View Details
    • $27
      52,126 SF

      Medical Office Center Near Hospital

      Single-story medical office center adjacent to Ascension Alexian Brothers Medical Center.
      901 Biesterfield Road, Elk Grove Village, IL 60007
      View Details
    • $5,135,000

      New Retail Outlot For Sale

      Newly developed, fully leased retail outlot in Elk Grove Village.
      1420-1428 Busse Road | Elk Grove Village, IL 60007
      View Details
    • $832,000
      8,000 SF

      Industrial Building with Office Space

      Free-standing building with warehouse and office space for sale.
      221 Lively Blvd, Elk Grove Village, IL 60007
      View Details
    • $1,350,000
      12,800 SF

      Industrial Building with Loading Docks

      Two-unit industrial building with convenient loading and established location.
      115-119 Joey Drive, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      230,766 SF

      Freestanding Facility Near O'Hare Airport

      230,766 SF facility with heavy office and parking.
      2400 Arthur Avenue | Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      16,653 SF

      Elk Grove Village Industrial Property

      High-image industrial property with upgraded offices and air-conditioned warehouse.
      1420 Chase Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      10,000 SF

      Elk Grove Industrial Building

      10,000 SF industrial building with docks and drive-ins.
      1535-1555 Brummel Avenue, Elk Grove Village, IL 60007
      View Details
    • $3,100,000

      Elk Grove Village Commercial Property

      Commercial property for sale in Elk Grove Village, Illinois.
      99999 Confidential Avenue, Elk Grove Village, IL 60007
      View Details
    • $1,385,000
      12,800 SF

      Elk Grove Village Warehouse Facility

      12,800 SF building suitable for single or multi-tenant use.
      119 Joey Dr, Elk Grove Village, IL
      View Details
    • $17
      84,185 SF

      Industrial Property with Active Rail

      Industrial property featuring an active rail line and 20-ton crane.
      2550 Arthur Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      37,811 SF

      Elk Grove Village Warehouse Facility

      Well-maintained industrial warehouse in Elk Grove Village for sale.
      1901 Greenleaf Ave, Elk Grove Village, IL 60007
      View Details

    FAQs

    What type of property is this?
    Flex space - Well-maintained industrial building with office space and functional layout.
    Where is this flex space located?
    The property is located at 1651 Lively Blvd Elk Grove Village, IL.
    What are key features of this property?
    This property features: Freestanding industrial building with 13,888 SF available; Strategic location in Cook County, only 2.5 miles from Interstate 90; Includes 2,050 SF of office space
    (630) 693-0642
    We can help!
    Listing Contact
    Steve Connolly
    Steve Connolly
    Real Estate License ID: IL 475128279
    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

    Thank You for Inquiry
    1651 Lively Blvd, Elk Grove Village, IL 60007
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!