Building Details

Year Built 1890

Listing Agency: Siwy Real Estate, Inc.

Listed By: Annette Siwy Show Phone

Source: Realtopiare

Added: Sep 28 Changed: Sep 30 Last Checked: Oct 1 at 4:20PM

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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 Siwy Real Estate, Inc.

Investment Insights

Based on property information with market context.

This flex property combines 3,600 square feet of office and warehouse space. The office and bathroom have been remodeled, and the office has its own entrance with access to a rear storage room and the main warehouse. The warehouse features rubber flooring and a 9-by-14-foot overhead door.

A separate warehouse area of approximately 750 square feet has a private entrance and an installed sink. The property has city water, a private septic system, and on-site parking. Tenants are responsible for utilities, snow removal, and renters insurance.

Key Highlights

• 3,600 square feet of combined office and warehouse space
• Separate warehouse area of approximately 750 square feet with private entrance and installed sink
• Main warehouse has rubber flooring and a 9‑by‑14‑foot overhead door

Property Analytics

Current Use

Express Evaluations Business To Business Service

Suggested Use

Top Pick Real Estate Agency Nail Salon Hair Salon Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

NNN (Triple Net)

Lease Type

$1.20 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

385

Businesses Nearby

Balanced

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas have distinct entrances, with on-site parking and commercial/manufacturing zoning.

Where is this flex space located?

The property is located at 502 W Reader St Elburn, IL.

What is the lease rate?

The lease rate is $8 SF/Yr.

What are key features of this property?

This property features: 3,600 square feet of combined office and warehouse space; Separate warehouse area of approximately 750 square feet with private entrance and installed sink; Main warehouse has rubber flooring and a 9‑by‑14‑foot overhead door