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

    827-847 North Central Avenue Wood Dale, IL 60191

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

    Convenient and highly accessible commercial space near O'Hare Airport.

    Type:Industrial
    Added:
    Jan 17, 2024
    Days on Market:
    833
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 827-847 North Central Avenue

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 827-847 North Central Avenue Contact us

    We can help!

    Listing Contact
    Michael Whetstone

    Listing agent Michael Whetstone License #475.167202

    Listing office JBS Commercial Real Estate

    Listing date Jan 17, 2024

    Source Crexi

    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

    O'Hare Area Commercial Space

    This commercial space, located in a convenient and highly accessible area near O'Hare, will be available in 45-60 days.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wood Dale
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9717098
    Latitude
    41.9794803

    Nearby Similar for Lease

    • Contact for pricing

      Commercial Space in Wood Dale

      Commercial space available for rent in Wood Dale, Illinois.
      138 W Irving Park Road, Wood Dale, IL 60191
      View Details
    • $2,000/Mo

      Commercial Office Space For Lease

      1400 sqft office space suitable for dental or multi-office.
      121 E Commercial Street A, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Retail Space in Wood Dale

      1,050 SF white box retail space for rent.
      369 N WOOD DALE Road, Wood Dale, IL 60191
      View Details
    • $3,432/Mo

      Industrial Unit with Dock Door

      Well-positioned industrial unit with dock and drive-in door.
      373 Balm Ct.,, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Commercial Space Near Metra Station

      Commercial office/retail space with residential unit and attached garage.
      138 W Irving Park Road, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Wood Dale Flex Space Available

      Flex space available for lease near major highways and O'Hare.
      712 N Central Ave, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Versatile Space in Wood Dale

      Exceptional leasing opportunity with modern design and strategic location.
      820 Sivert Dr, Wood Dale , IL 60191
      View Details
    • $11 SF/Yr

      O'Hare Area Industrial Units

      Industrial units for lease in established O'Hare market area.
      858-901 North Central Avenue, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Wood Dale Industrial Space Available

      26,990 SF industrial space with office near O'Hare.
      712 N Central Ave, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Industrial Space Near O’Hare Airport

      Industrial property with access to major routes and O’Hare Airport.
      950 North Edgewood Avenue, Wood Dale, IL, 60191
      View Details
    • $14 SF/Yr

      Wood Dale Warehouse Space Available

      Industrial warehouse space available for lease in Wood Dale, IL.
      587 & 591 Edgewood Avenue, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Versatile Flex Space in Wood Dale

      Modern flex space with customization options and convenient location.
      820 Sivert Dr, Wood Dale , IL 60191
      View Details

    FAQs

    What type of property is this?
    Specialty property - Convenient and highly accessible commercial space near O'Hare Airport.
    Where is this specialty property located?
    The property is located at 827-847 North Central Avenue Wood Dale, IL.
    What are key features of this property?
    This property features: Convenient & highly accessible O'Hare location; Available in 45‑60 days
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Whetstone
    Real Estate License ID: 475.167202
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!