Standalone Warehouse with
For Sale
$1,225,000
345 Production Dr, South Elgin, IL 60177
Industrial facility combines warehouse, office, loading, and parking improvements.
Property Size10,210 SF
Lot Size0.63 Acres
Price / SF$119.98
Days on Market51
Property Features for 345 Production Dr
General Information
Standard status
Active
Size
10,210 SF
Total Parking Spaces
14
Lot size
0.63 Acres
Warehouse & Industrial
Clear Height
20 ft
Clear Span
Yes
Office Build-Out
1,350 SF
Dock-High Doors
1
Power
400 amps
Voltage
240 V
Building Details
Year Built
1997
Buildings
1
Building Size
10,210 SF
Listing Agency:
RE/MAX Horizon
Listed By:
Ben Henrikson · License #475091643
(847) 293-7900
Source:
Amyboston.realtopiare
Added: Aug 30
Changed: Oct 17
Last Checked: Oct 7 at 2:15PM
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 RE/MAX Horizon
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Investment Insights
Based on property information with market context.
Located at 345 Production Drive in South Elgin, this standalone warehouse property contains 10,210 SF on a .63 Acre lot. The warehouse offers 20-foot clear-span ceilings, a loading dock, and a 14-foot overhead door, along with four overhead furnaces, a bathroom, and mezzanine storage.
The approximately 1,350 SF office component includes a reception area, two private offices, a conference room, and two bathrooms. Additional property features include 14 parking spaces, including two handicap spaces, and 240V/400 AMP electrical service. Constructed in 1997, the facility provides a combined warehouse and office configuration for industrial operations.
The approximately 1,350 SF office component includes a reception area, two private offices, a conference room, and two bathrooms. Additional property features include 14 parking spaces, including two handicap spaces, and 240V/400 AMP electrical service. Constructed in 1997, the facility provides a combined warehouse and office configuration for industrial operations.
Key Highlights
- 10,210 SF warehouse on a .63 Acre lot
- 20' clear‑span ceilings with a 14' OH door
- Loading dock and mezzanine storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,476
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,520
$1.3M
Cap Rate 7%
$963,943
$963.9K
Cap Rate 9%
$749,733
$749.7K
Market Conditions
NOI Build-Up for 10,210 SF
Gross rent
$109.0K $10.68/SF
− Vacancy
−$5.2K −$0.51/SF
EGI
$103.8K $10.17/SF
− OpEx
−$36.3K −$3.56/SF
NOI
$67.5K $6.61/SF
Area
Kane County, IL
Vacancy
4.80%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,520
Cap Rate 7%
$963,943
Cap Rate 9%
$749,733
Alternative Uses
Best Use
Flex RnD
$963.9K
$843.5K – $1.12M
NOI $67,476 @ 7.0% cap · market cap 5.51%
Second Best
Warehouse
$762.4K
$667.1K – $889.5K
NOI $53,369 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$3.53M
$3.08M – $4.11M
NOI $246,753 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Berna Moving & Storage Inc. — 504 Sundown Rd, South Elgin, IL 60177
- Trojan Storage of South Elgin — 300 Sundown Rd, South Elgin, IL 60177
- U-Pack — 825 Commerce Dr, South Elgin, IL 60177
- Titan Self Storage — 939 S McLean Blvd, Elgin, IL 60123
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility combines warehouse, office, loading, and parking improvements.
Where is this warehouse located?
The property is located at 345 Production Dr South Elgin, IL.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 10,210 SF warehouse on a .63 Acre lot; 20' clear‑span ceilings with a 14' OH door; Loading dock and mezzanine storage
