Building Details

Year Built 1989

Buildings 1

Stories 1

Units 1

Building Size 20,010 SF

Construction insulated steel panels

Listing Agency: Transwestern Houston

Listed By: Joe Karmin · License #IL Show Phone

Source: Crexi

Added: Jan 23 Changed: Oct 3 Last Checked: Oct 12 at 6:54PM

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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 Transwestern Houston

Investment Insights

Based on property information with market context.

This freestanding warehouse building contains approximately 20,010 square feet, including about 2,000 square feet of office area. The drive-through configuration is supported by one exterior dock and three drive-in doors, while ceiling heights range from 12 feet 6 inches to 14 feet. Insulated steel panel construction, gas heating, in-place airlines and compressors, and an 800A 480V electrical service are in place. The property was built in 1989 and includes approximately 15 parking spaces.

The site encompasses approximately 2.08 acres and is zoned M-1. It is located in Elburn, Illinois, approximately 5 miles from I-88 via IL-47. Outdoor storage is identified as a potential use.

Key Highlights

• Approximately 20,010 SF warehouse on approximately 2.08 AC
• Freestanding drive‑through configuration
• One exterior dock and 3 drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,594

Cap Rate

6.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,091,880 $2.1M

Cap Rate 7%

$1,494,200 $1.5M

Cap Rate 9%

$1,162,156 $1.2M

Market Conditions

NOI Build-Up for 20,010 SF

Gross rent

$129.7K $6.48/SF

− Vacancy

−$6.6K −$0.33/SF

EGI

$123.1K $6.15/SF

− OpEx

−$18.5K −$0.92/SF

NOI

$104.6K $5.23/SF

Area

Kane 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%

$2,091,880

Cap Rate 7%

$1,494,200

Cap Rate 9%

$1,162,156

Alternative Uses

Best Use

Warehouse

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,594 @ 7.0% cap · market cap 6.54%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.91M

$6.04M – $8.06M (±1% cap)

NOI $483,598 @ 7.0% cap · market cap 30.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Runge Enterprises, Inc. Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Hair Salon Pharmacy Auto Parts Store Building Supply Kitchen & Bath Showroom

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

14 ft

Clear height

1

Dock-high doors

3

Drive-in doors

Location Intelligence

Trade Area within ½ mile

270

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 60119, IL

10,905

Population

4,595

Households

2.4

Avg Household Size

41

Median Age

51%

College-Educated

98%

High-School Grad

49.6 sq mi

ZIP Area

220

Density / Sq Mi

$124,058

Median Household Income

$62,747

Median Earnings

$1,620

Median Rent

$366,300

Median Home Value

Market

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

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - M-1-zoned industrial property with gas heat, substantial power, and dedicated loading infrastructure.

Where is this warehouse located?

The property is located at 1N020 Thryselius Dr Elburn, IL.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Approximately 20,010 SF warehouse on approximately 2.08 AC; Freestanding drive‑through configuration; One exterior dock and 3 drive‑in doors