Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    250 S Gary Avenue Carol Stream, IL 60188

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    439,421 SF building with convenient access to transportation.

    Type:Industrial
    Property size:
    439,421 SF
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 10:54 pm

    Property Features for 250 S Gary Avenue

    General Information

    Standard status
    Active
    Size
    439,421 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 250 S Gary Avenue Contact us

    We can help!

    Listing Contact
    Kelly Disser

    Listing agent Kelly Disser

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Kelly Disser

    Overview

    Available Industrial Building Near I-355

    A 439,421 square foot building is available for rent. The property includes 18,270 square feet of office space and an additional 948 square feet of warehouse office space. It features a 30-foot clear height, 62 dock doors, and 2 drive-in doors. The building is equipped with ESFR sprinklers and LED motion censored lighting. Parking is available with approximately 203 auto spaces and 67 trailer spaces. The typical column spacing is 26 feet 6 inches by 40 feet 6 inches. The property is conveniently located near I-355 via North Avenue and O'Hare International Airport. It is institutionally owned and managed and benefits from low DuPage County taxes.
    Location Intelligence

    Current Use by Public Records

    Metropolitan Family Services Social Service Agency Cdl Headstart Serving ... Social Service Agency St Andrew United ... Church Neighborhood Food Pantries ... Food Bank Naca Logistics Logistics Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • U-Stor-It Self Storage - Carol Stream — 120 Tubeway Dr, Carol Stream, IL 60188
    • The Lock Up Self Storage — 2230 N Main St, Wheaton, IL 60187

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    DuPage
    State
    Illinois
    Longitude
    -88.122
    Latitude
    41.9086

    Nearby Similar for Lease

    • Contact for pricing

      Industrial Automotive Space For Lease

      Industrial/Warehouse/Automotive condo available for lease in Carol Stream, IL.
      496 E Saint Charles Road, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Retail Space in Carol Stream

      Retail space available for lease in Carol Stream, Illinois.
      570 N Schmale Road unit: C, Carol Stream, IL 60188
      View Details
    • $20/mo

      Retail Center Near Geneva Road

      Retail property with high visibility and strong demographics.
      335-355 Geneva Rd, Carol Stream, IL 60188
      View Details
    • $11/mo

      Carol Stream Flex/Tech Space

      Flex/Tech space with air-conditioned warehouse in Du Page County.
      Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Carol Stream Industrial Space Available

      Industrial space with office, docks, and drive-in doors for lease.
      238-248 Tubeway Drive, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Sublease Opportunity in Carol Stream

      143,524 SF available through September 2033 in Carol Stream.
      343 E Lies Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Industrial Space on St. Charles

      Available July 2025: Industrial space with retail exposure.
      130 E Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Carol Stream Flex Industrial Space

      Flexible industrial units with dock and drive-in door access.
      376 Gundersen Drive, Carol Stream, IL 60188
      View Details
    • $14/mo

      DuPage County Flex Space

      Climate-controlled flex space with easy access to major transportation routes.
      120 Easy Street, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Industrial Space with Racked Storage

      Available industrial space with flexible terms and racked storage.
      121 E North Ave, Carol Stream, IL 60188
      View Details
    • $8/mo

      Medical Office Space Available

      Medical office space for rent with high traffic exposure.
      501-525 Thornhill Dr, Carol Stream, IL
      View Details
    • $11/mo

      Carol Stream Flex/Tech Space

      Flex/Tech space in Carol Stream with full air conditioning.
      350 Randy Rd, Carol Stream, IL 60188
      View Details

    FAQs

    What type of property is this?
    Warehouse - 439,421 SF building with convenient access to transportation.
    Where is this warehouse located?
    The property is located at 250 S Gary Avenue Carol Stream, IL.
    What are key features of this property?
    This property features: 439,421 SF building available; Proximity to I‑355 via North Avenue; 30' clear height provides ample vertical storage space
    (630) 317-0721
    We can help!
    Listing Contact
    Kelly Disser
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!