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

    740 N Princeton Ave Villa Park, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,000 SF warehouse with convenient highway access for lease.

    Type:INDUSTRIAL
    Property size:
    5,000 SF
    Lot size:
    0.65 Acres
    Added:
    Jun 17, 2022
    Days on Market:
    1418
    Last Refresh:
    Apr 5 at 10:04 pm

    Property Features for 740 N Princeton Ave

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.65 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 740 N Princeton Ave Contact us

    We can help!

    Listing Contact
    Edgar Cervantes
    Edgar Cervantes

    Listing agent Edgar Cervantes License #475155966

    Listing office JBS Commercial Real Estate

    Listing date Jun 17, 2022

    Source Moodyscre

    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 JBS Commercial Real Estate

    Overview

    Villa Park Warehouse Space Available

    This 5,000 square foot warehouse is available for rent. The property features three 12' x 12' drive-in doors and one dock. Building signage is available. The warehouse is conveniently located with easy access to I-290 and I-355 and offers high visibility off North Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Extra Space Storage — 1125 E St Charles Rd, Lombard, IL 60148
    • Premier food — 12 hill st, villa park, il 60181
    • Premier Food Supplies LLC — 12 Hill St, Villa Park, IL 60181
    • Secure Document Solutions — Life Storage, 1125 E St Charles Rd, Lombard, IL 60148

    Location Insight

    • Map
    • Local Demand
    City
    Villa Park
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9808
    Latitude
    41.8755

    Nearby Similar for Lease

    • Contact for pricing

      Villa Park Retail/Office/Medical Space

      Highly visible space in Villa Park's vibrant Park Boulevard.
      27 E Park Boulevard, Villa Park, IL 60181
      View Details
    • Contact for pricing

      Villa Park Flex Industrial Warehouse

      Flex industrial warehouse with office space for rent.
      27 E Park Boulevard, Villa Park, IL 60181
      View Details
    • Contact for pricing

      Villa Park First Floor Office

      Remodeled office suite with conference room and kitchenette included.
      53 E Saint Charles Road, Villa Park, IL 60181
      View Details
    • Contact for pricing

      Retail/Office Space on North Avenue

      2,400 SF space available June 2026 on busy North Avenue.
      383 E. North Avenue | Villa Park, IL 60181
      View Details
    • Contact for pricing

      Mixed-Use Property in Villa Park

      Retail and office spaces available in Villa Park, Illinois.
      27 East Park Boulevard, Villa Park, IL, 60181
      View Details
    • $14 SF/Yr

      Villa Park Retail Space Available

      Retail space available for lease in Villa Park, Illinois.
      501-509 E Saint Charles Rd, Villa Park, IL
      View Details
    • Contact for pricing

      Retail Space in Villa Park

      1,200 SF retail space available in highly trafficked center.
      100 E Roosevelt Rd, Villa Park, IL
      View Details
    • Contact for pricing

      Villa Park Retail Space Available

      Retail space in dense Villa Park market, flexible floor plans.
      600-658 N Addison Rd, Villa Park, IL
      View Details
    • Contact for pricing

      Retail Space in Community Center

      Community center retail space with strong positioning and ample parking.
      102-104 W Roosevelt Rd, Villa Park, IL
      View Details
    • Contact for pricing

      Industrial End-Cap Unit Available

      End-cap industrial unit with dock and drive-in door access.
      701 North Michigan Avenue, Villa Park, IL 60181
      View Details
    • $11 SF/Yr

      Retail Space in Villa Park

      7,800 SF retail space available for lease.
      724 N Ardmore Ave, Villa Park, IL
      View Details
    • Contact for pricing

      Retail Space on North Avenue

      1080 SF retail space available on high-traffic North Avenue.
      80 E North Ave, Villa Park, IL
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,000 SF warehouse with convenient highway access for lease.
    Where is this warehouse located?
    The property is located at 740 N Princeton Ave Villa Park, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to I‑290 & I‑355; Three 12' x 12' Drive‑In Doors and One Dock; High Visibility Off North Avenue
    (312) 462-1020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Edgar Cervantes
    Edgar Cervantes
    Real Estate License ID: 475155966
    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

    Thank You for Inquiry

    740 N Princeton Ave, Villa Park, IL

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!