Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Elmhurst Flex Space Available Title is generated by Realmo AI

    851-853 Industrial Drive, Elmhurst, IL 60126

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

    Flex space near I-290 and York Road interchange.

    Type:Industrial Building
    Property size:
    30,963 SF
    Added:
    Nov 21, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 5 at 10:37 pm

    Property Features for 851-853 Industrial Drive

    General Information

    Standard status
    Active
    Size
    30,963 SF
    Property subtype
    Industrial Building

    Building Details

    Year Built
    1980

    Properties For Sale

    at 851-853 Industrial Drive Contact us

    We can help!

    Listing Contact
    Paddy Dwyer

    Listing agent Paddy Dwyer

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Paddy Dwyer

    HighLights

    • Less than one minute from I‑290 and York Road interchange.
    • Ample parking available.
    • Hard‑to‑find DuPage County location.
    • Clean, unique flex space.
    • Great incubator space.
    • 2 Miles to I‑290 & I‑294 highway access.

    Overview

    Located less than one minute from the I-290 and York Road interchange, the property at 851-853 Industrial Drive offers flex space suitable as incubator space. The property is located in DuPage County and has ample parking. The location has a daily traffic count of 1,762 on Industrial Drive. It is 2 miles from I-290 and I-294 highway access and 9.3 miles from O'Hare International Airport. The property is a multi-tenant warehouse available for lease in the Elmhurst industrial park. The property size is 30963 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Elmhurst ice cream truck — 795 Church Rd, Elmhurst, IL 60126
    • Dipsy Desserts — 300 W Lake St #100C, Elmhurst, IL 60126

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9456
    Latitude
    41.9256

    Nearby Similar for Sale

    • $3,100,000
      26,562 SF

      Elmhurst Professional Office Building

      26,562 SF office building with 14 executive suites.
      533 W. North Avenue, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      7,600 SF

      Retail Space Near Elmhurst Metra

      New retail space near Elmhurst Metra station, delivery April 2019.
      100 North Addison | Elmhurst, IL 60126
      View Details
    • $3,100,000
      26,562 SF

      DuPage Medical Professional Office For Sale

      26,562 SF office building with 14 executive suites.
      533 W. North Avenue, Elmhurst, IL 60126
      View Details
    • $1,403,000
      2,640 SF

      Elmhurst Restaurant Property For Sale

      Restaurant property with drive-through and long-term lease in place.
      872 N York St, Elmhurst, IL
      View Details
    • $1,600,000

      Rehabbed 6-Unit Building Elmhurst

      Fully renovated 6-unit apartment building in prime Elmhurst location.
      110 North Willow Road, Elmhurst, IL 60126
      View Details
    • $4,200,000
      13,000 SF

      13,000 SF Retail Building

      Retail building with 13,000 SF of space for sale.
      174 N York St, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      8,080 SF

      Elmhurst Commercial Building For Sale

      One-story building in a commercial corridor near Elmhurst Crossing.
      711 W. St. Charles Road, elmhurst, IL 60126
      View Details
    • $3,100,000
      26,562 SF

      Elmhurst Office Building For Sale

      26,562 SF office building with executive suites and parking.
      533 W N Ave, Elmhurst, IL
      View Details
    • Contact for pricing
      3,378 SF

      Modern Office Building For Sale

      Well-maintained office building with high traffic and modern construction.
      400 W Lake St, Elmhurst, IL
      View Details
    • $3,100,000
      26,562 SF

      Elmhurst Professional Office Building

      26,562 SF office building with executive suites for sale.
      533 W North Ave, Elmhurst, IL 60126
      View Details
    • $220,000
      2,200 SF

      Elmhurst Office Suite For Sale

      Office suite for sale with income from three tenants.
      340 W Butterfield Rd, Suite LLA, Elmhurst, IL 60126
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space near I-290 and York Road interchange.
    Where is this flex space located?
    The property is located at 851-853 Industrial Drive Elmhurst, IL.
    What are key features of this property?
    This property features: Less than one minute from I‑290 and York Road interchange.; Ample parking available.; Hard‑to‑find DuPage County location.
    (630) 317-0794
    We can help!
    Listing Contact
    Paddy Dwyer
    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
    851-853 Industrial Drive, Elmhurst, IL 60126
    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!