Industrial Building in Elk
For Sale
$615,000
50 Joey Drive, Elk Grove Village, IL 60007
Freestanding building in established O'Hare market industrial park.
Property Size6,000 SF
Days on Market216
Property Features for 50 Joey Drive
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Industrial
Building Details
Building Size
6,000 SF
Listing Agency:
Brown Commercial Group
Listed By:
Mason Hezner · License #475155308
(847) 758-9200
Source:
Browncommercialgroup
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 5 at 4:06PM
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 Brown Commercial Group
Investment Insights
Based on property information with market context.
This free-standing building is located in Elk Grove Village within an established industrial park. The property benefits from its location in the desirable O'Hare market area and provides convenient access to major transportation routes.
Key Highlights
- Free‑standing building
- Established industrial park location
- Desirable O'Hare market area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,828
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,560
$516.6K
Cap Rate 7%
$368,971
$369.0K
Cap Rate 9%
$286,978
$287.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$38.9K $6.48/SF
− Vacancy
−$2.0K −$0.33/SF
EGI
$36.9K $6.15/SF
− OpEx
−$11.1K −$1.84/SF
NOI
$25.8K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,560
Cap Rate 7%
$368,971
Cap Rate 9%
$286,978
Alternative Uses
Best Use
Industrial
$369.0K
$322.9K – $430.5K
NOI $25,828 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,007 @ 7.0% cap · market cap 23.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 60007, IL
33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,860
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Freestanding building in established O'Hare market industrial park.
Where is this industrial property located?
The property is located at 50 Joey Drive Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Free‑standing building; Established industrial park location; Desirable O'Hare market area
