Warehouse with Flexible Open
For Sale
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1772 W Armitage Ct, Addison, IL 60101
Warehouse in an Addison industrial park with strong truck loading access and ample on-site parking.
Property Size16,239 SF
Price / SF$130
Days on Market24
Property Features for 1772 W Armitage Ct
General Information
Standard status
Active
Size
16,239 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | Chicago
(630) 917-5811
Listed By:
Jay Farnam · License #475129935
(630) 917-5811
Source:
Moodyscre
Added: Jul 7
Changed: Jul 26
Last Checked: Jul 30 at 1:31PM
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
Investment Insights
Based on property information with market context.
This warehouse is located in the Addison Industrial Park and offers practical flexibility for a range of warehouse uses. Existing warehouse wall partitions can be removed to create a more open layout.
The property is described as having excellent loading access for trucks and delivered goods, along with ample on-site parking for employees and visitors. It also highlights geographic access to the greater Chicago market.
Additional terms are noted as possible lease to own, and the listing references low DuPage County taxes.
The property is described as having excellent loading access for trucks and delivered goods, along with ample on-site parking for employees and visitors. It also highlights geographic access to the greater Chicago market.
Additional terms are noted as possible lease to own, and the listing references low DuPage County taxes.
Key Highlights
- Located in the Addison Industrial Park with excellent geographic access to the greater Chicago market
- Low DuPage County taxes
- Excellent loading access for trucks and deliveries
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.2k | $6.48 |
| − Vacancy | −$5.4k | −$0.33 |
| EGI | $99.9k | $6.15 |
| − OpEx | −$15.0k | −$0.92 |
| NOI | $84.9k | $5.23 |
16,239 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,883 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.61M
$4.91M – $6.54M
NOI $392,461 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60101, IL
37,644
Population
14,145
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
77%
High-School Grad
11.4 sq mi
ZIP Area
3,302
Density / Sq Mi
$87,860
Median Household Income
$42,007
Median Earnings
$1,236
Median Rent
$315,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse in an Addison industrial park with strong truck loading access and ample on-site parking.
Where is this warehouse located?
The property is located at 1772 W Armitage Ct Addison, IL.
What is the asking price?
The asking price for this property is $2,111,070.
What are key features of this property?
This property features: Located in the Addison Industrial Park with excellent geographic access to the greater Chicago market; Low DuPage County taxes; Excellent loading access for trucks and deliveries
