End-Unit Industrial Condo with
700 BONNIE Lane Elk Grove Village, IL 60007
For Sale
$640,000
COMMERCIAL - Elk Grove Village, IL
Property Size4,300 SF
Lot Size0.10 Acres
Price / SF$148.84
Days on Market291
Property Features for 700 BONNIE Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUS
Standard status
Active
APN
08271021341001
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
20243
Utilities
Utilities
Water Available
Cooling system
Central Air
Building Details
Year built
1973
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
Concrete, Block, Brick
Roof type
Metal, Rubber
Listing Agency:
Troy Realty Ltd
(773) 792-3000
Listed By:
Andrzej Olszowka · License #475160900
(773) 792-3000
Added: Oct 12, 2025
Changed: Jul 13
Last Checked: Jul 29 at 4:06PM
MLS# 12492743
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This end-unit industrial condo offers approximately 4,300 SF, including about 1,000 SF of updated office space with a kitchenette and private restroom. The warehouse includes 16' clear height, painted walls, and 600 AMP power. The property was remodeled in 2024 with new finishes throughout and features concrete construction, a newer roof, and a fully sprinklered (wet system) layout.
Parking is available in both front and rear locations. The unit sits within Elk Grove Village Business Park and provides access to O'Hare International Airport as well as major expressways including I-90, I-290, and Rt-83. Zoning is listed as INDUS/Industrial.
With upgraded improvements and a functional office/warehouse configuration, the space is suited for light manufacturing, storage, or service use.
Parking is available in both front and rear locations. The unit sits within Elk Grove Village Business Park and provides access to O'Hare International Airport as well as major expressways including I-90, I-290, and Rt-83. Zoning is listed as INDUS/Industrial.
With upgraded improvements and a functional office/warehouse configuration, the space is suited for light manufacturing, storage, or service use.
Key Highlights
- Approximately 4,300 SF end‑unit industrial condo in Elk Grove Village Business Park with 1,000 SF updated office space (kitchenette and private restroom).
- Remodeled in 2024 with new finishes throughout; concrete/brick/block construction and concrete warehouse flooring.
- Warehouse has 16' clear height, painted walls, and 600 AMP power for light manufacturing, storage, or service use.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $18.00 |
| − Vacancy | −$7.7k | −$1.80 |
| EGI | $69.7k | $16.20 |
| − OpEx | −$24.4k | −$5.67 |
| NOI | $45.3k | $10.53 |
4,300 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$847.0K
$741.1K – $988.2K
NOI $59,290 @ 7.0% cap · market cap 9.26%
Second Best
Flex RnD
$646.8K
$566.0K – $754.7K
NOI $45,279 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,922 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Pierogi Rig — 410 Bonnie Ln, Elk Grove Village, IL 60007
Frequently Asked Questions
What type of property is this?
Flex space - End-unit industrial condo includes updated office space, 16' clear warehouse height, and 600 AMP power.
Where is this flex space located?
The property is located at 700 BONNIE Lane Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Approximately 4,300 SF end‑unit industrial condo in Elk Grove Village Business Park with 1,000 SF updated office space (kitchenette and private restroom).; Remodeled in 2024 with new finishes throughout; concrete/brick/block construction and concrete warehouse flooring.; Warehouse has 16' clear height, painted walls, and 600 AMP power for light manufacturing, storage, or service use.
