Warehouse with Flexible Open
1772 W Armitage Ct, Addison, IL 60101
For Sale
$2,111,070
Warehouse in an Addison industrial park with strong truck loading access and ample on-site parking.
Property Size16,239 SF
Days on Market111
Property Features for 1772 W Armitage Ct
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates | Chicago
Listed By:
Jay Farnam · License IL #475129935
(630) 917-5811
Source:
Lee-associates
Added: Jul 25
Changed: Nov 10
Last Checked: Nov 10 at 5:56AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$84,883
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,697,660
$1.7M
Cap Rate 7%
$1,212,614
$1.2M
Cap Rate 9%
$943,144
$943.1K
Market Conditions
NOI Build-Up for 16,239 SF
Gross rent
$105.2K $6.48/SF
− Vacancy
−$5.4K −$0.33/SF
EGI
$99.9K $6.15/SF
− OpEx
−$15.0K −$0.92/SF
NOI
$84.9K $5.23/SF
Area
DuPage County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,697,660
Cap Rate 7%
$1,212,614
Cap Rate 9%
$943,144
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
$4.43M
$3.87M – $5.17M
NOI $309,962 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Addison
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Public Storage — 412 W North Ave, Lombard, IL 60148
- Public Storage — 330 W North Ave, Lombard, IL 60148
- StorageMart — 100 W North Ave, Lombard, IL 60148
- Lucas Storage Facility — 920 N Ridge Ave, Lombard, IL 60148
- Iron Mountain — 950 N Main St, Lombard, IL 60148
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
