Freestanding Industrial
For Sale
Contact for pricing
825 Nicholas Blvd, Elk Grove Village, IL 60007
Fully air-conditioned warehouse with heavy power and outdoor storage potential.
Property Size10,000 SF
Price / SF$160
Days on Market199
Property Features for 825 Nicholas Blvd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Additional Details
Heavy Power
Yes
Building Details
Year Built
1974
Year Renovated
2018
Buildings
1
Building Size
10,000 SF
Listing Agency:
GC Realty and Development
Listed By:
Brad Bullington · License #IL 475.134976
(630) 674-6989
Source:
Crexi
Added: Apr 7
Changed: Oct 1
Last Checked: Oct 20 at 8:25PM
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 GC Realty and Development
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding industrial building contains 10,000 square feet and sits across 2 parcels. The property is fully air-conditioned and includes heavy power, with outdoor storage potential noted for the site.
Built in 1974, the facility is located at 825 Nicholas Blvd in Elk Grove Village, Illinois. A 6b tax abatement is in place.
Built in 1974, the facility is located at 825 Nicholas Blvd in Elk Grove Village, Illinois. A 6b tax abatement is in place.
Key Highlights
- 10,000 SF industrial building
- Freestanding facility on 2 parcels
- Fully air‑conditioned throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,271
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,420
$1.0M
Cap Rate 7%
$746,729
$746.7K
Cap Rate 9%
$580,789
$580.8K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$64.8K $6.48/SF
− Vacancy
−$3.3K −$0.33/SF
EGI
$61.5K $6.15/SF
− OpEx
−$9.2K −$0.92/SF
NOI
$52.3K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,420
Cap Rate 7%
$746,729
Cap Rate 9%
$580,789
Alternative Uses
Best Use
Warehouse
$746.7K
$653.4K – $871.2K
NOI $52,271 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,678 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Well-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
- Smoothstone Ip Communications — 2491 Estes Ave, Elk Grove Village, IL 60007
- Public Storage — 2901 W Touhy Ave, Elk Grove Village, IL 60007
- Monster Moving, LLC — 2759 Old Higgins Rd, Elk Grove Village, IL 60007
- M.J.brickhaus Development,LLC — 2150 Touhy Ave, Elk Grove Village, IL 60007
- aya logistics — 700 Nicholas Blvd, Elk Grove Village, IL 60007
Frequently Asked Questions
What type of property is this?
Warehouse - Fully air-conditioned warehouse with heavy power and outdoor storage potential.
Where is this warehouse located?
The property is located at 825 Nicholas Blvd Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 10,000 SF industrial building; Freestanding facility on 2 parcels; Fully air‑conditioned throughout
