Flex Space with Loading
New
For Sale
$475,000
750 BONNIE Lane, Elk Grove Village, IL 60007
Commercial Sale, Elk Grove Village, IL
Property Size4,300 SF
Lot Size0.10 Acres
Price / SF$110.47
Days on Market3
Property Features for 750 BONNIE Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUS
Directions
North on Howard to Landmeir from Rt 83 to Bonnie.
Subdivision
Elk Grove Village
Standard status
Active
APN
08271021341005
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
19243
Utilities
Utilities
Water Available
Cooling system
Central Air
Building Details
Year built
1973
Floors in Building
1
Number of units
1
Flooring type
Tile, Concrete
Building materials
Concrete, Block, Brick
Roof type
Metal, Rubber
Listing Agency:
Troy Realty Ltd
Listed By:
Andrzej Olszowka
(773) 792-3000
Added: Oct 17
Last Checked: Oct 19 at 2:06PM
MLS# 12788109
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.
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Investment Insights
Based on property information with market context.
This 4,300-square-foot flex condominium includes two loading docks at the rear, two bathrooms, and an office area with a replacement drop ceiling and flooring. The interior has been repainted, and updated electrical lighting is in place. The building dates to 1973 and has a metal and rubber roof completed in 2018. Central air conditioning and water availability are also noted, with concrete, block, and brick among the construction materials. Zoning is INDUS.
The property is in Elk Grove Village, near O'Hare International Airport, with regional access cited as a site feature. The combination of loading facilities and office space provides distinct work and administrative areas within the condominium.
The property is in Elk Grove Village, near O'Hare International Airport, with regional access cited as a site feature. The combination of loading facilities and office space provides distinct work and administrative areas within the condominium.
Key Highlights
- 4,300‑square‑foot flex condominium
- Two rear loading docks
- Updated office area with new drop ceiling and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,510
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,200
$370.2K
Cap Rate 7%
$264,429
$264.4K
Cap Rate 9%
$205,667
$205.7K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$27.9K $6.48/SF
− Vacancy
−$1.4K −$0.33/SF
EGI
$26.4K $6.15/SF
− OpEx
−$7.9K −$1.84/SF
NOI
$18.5K $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%
$370,200
Cap Rate 7%
$264,429
Cap Rate 9%
$205,667
Alternative Uses
Best Use
Flex RnD
$646.8K
$566.0K – $754.7K
NOI $45,279 @ 7.0% cap · market cap 9.53%
Second Best
Industrial
$264.4K
$231.4K – $308.5K
NOI $18,510 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,922 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
Under-served
Demand for This Use
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
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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
- Pierogi Rig — 410 Bonnie Ln, Elk Grove Village, IL 60007
Frequently Asked Questions
What type of property is this?
Flex space - Rear loading access complements an office area with refreshed finishes and lighting.
Where is this flex space located?
The property is located at 750 BONNIE Lane Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 4,300‑square‑foot flex condominium; Two rear loading docks; Updated office area with new drop ceiling and flooring
