Freestanding Drive-Through
For Sale
Contact for pricing
1N020 Thryselius Dr, Elburn, IL 60119
M-1-zoned industrial property with gas heat, substantial power, and dedicated loading infrastructure.
Property Size20,010 SF
Lot Size2.08 Acres
Price / SF$87.46
Days on Market219
Property Features for 1N020 Thryselius Dr
General Information
Standard status
Active
Size
20,010 SF
Total Parking Spaces
15
Lot size
2.08 Acres
Property subtype
Industrial
Zoning
M-1
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
2,000 SF
Dock-High Doors
1
Drive-In Doors
3
Power
800 amps
Voltage
480 V
Building Details
Year Built
1989
Buildings
1
Stories
1
Units
1
Building Size
20,010 SF
Construction
insulated steel panels
Listing Agency:
Transwestern Houston
(847) 588-5700
Listed By:
Michael Marconi, SIOR · License #IL
Source:
Crexi
Added: Jan 23
Changed: Aug 30
Last Checked: Aug 30 at 2:36AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,594
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $104,594 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.91M
$6.04M – $8.06M
NOI $483,598 @ 7.0% cap · market cap 27.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- South Street Storage — 529 Thryselius Dr, Elburn, IL 60119
- Open City Self Storage — 700 W South St, Elburn, IL 60119
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 $1,750,000.
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
