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    Freestanding Flex Warehouse Facility Title is generated by Realmo AI

    2400 Arthur Avenue, Elk Grove Village, IL 60007

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    Freestanding HQ-style facility with strong power capacity, rail potential, and ample loading for high-capacity operations.

    Type:Industrial
    Property size:
    230,766 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:50 am

    Property Features for 2400 Arthur Avenue

    General Information

    Standard status
    Active
    Size
    230,766 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 2400 Arthur Avenue Contact us

    We can help!

    Listing Contact
    Terry Herlihy
    Terry Herlihy

    Listing agent Terry Herlihy License #471009757

    Listing office NAI Hiffman | Oakbrook Terrace

    Listing date Jun 2, 2026

    Source Hiffman

    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 NAI Hiffman | Oakbrook Terrace

    HighLights

    • Freestanding HQ‑style facility built in 1978
    • 230,766 SF available for sale/lease, with 32,000 SF office in a 2‑story setup
    • 24' clear height with heavy power capacity: 8,400A @ 277/480V
    • Loading capacity includes 15 interior docks and 7 drive‑in doors
    • 175 car parking spaces and 15 interior docks support high‑capacity operations
    • Exceptional proximity to O'Hare International Airport cargo entrances (North and South)

    Overview

    Freestanding HQ-type flex warehouse facility offering a substantial office component alongside heavy industrial capabilities. The available space includes approximately 32,000 SF of two-story office, complementing warehouse space with 24’ clear height. Logistics and distribution support is built in with 15 interior docks, seven drive-in doors, and 175 parking spaces. Electrical service is a notable strength, with 8,400A available at 277/480V, making the building well-suited for tenants requiring reliable power. The property also highlights rail potential and heavy power readiness for operators planning for scalable material handling.

    Located at 2400 Arthur Avenue in Elk Grove Village, the facility benefits from exceptional access to O’Hare International Airport, with proximity to both North and South cargo entrances. This positioning can be important for time-sensitive airfreight supply chains and companies seeking efficient airport connectivity.

    Institutionally owned and professionally managed, the building is designed for serious users looking for a campus-like setup: office space for corporate or operational teams, paired with warehouse loading and height for modern distribution requirements. The combination of office, docks, drive-in access, and high-capacity power supports a range of industrial and flex applications where infrastructure and flexibility matter.
    Location Intelligence

    Current Use by Public Records

    Symons Business Service Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Hair Salon Gym & Fitness Center Hotel & Motel Pharmacy Accounting Firm Bar & Pub Auto Parts Store

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

    Similar Places Nearby

    • Pasta Dee Casa — 2600 Elmhurst Rd, Elk Grove Village, IL 60007
    • Fitoor Catering Company — 201 Eastern Ave, Bensenville, IL 60106

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.9436863
    Latitude
    41.9965995

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    FAQs

    What type of property is this?
    Flex space - Freestanding HQ-style facility with strong power capacity, rail potential, and ample loading for high-capacity operations.
    Where is this flex space located?
    The property is located at 2400 Arthur Avenue Elk Grove Village, IL.
    What are key features of this property?
    This property features: Freestanding HQ‑style facility built in 1978; 230,766 SF available for sale/lease, with 32,000 SF office in a 2‑story setup; 24' clear height with heavy power capacity: 8,400A @ 277/480V
    (847) 507-3279
    We can help!
    Listing Contact
    Terry Herlihy
    Terry Herlihy
    Real Estate License ID: 471009757
    Learn More
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    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.

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